Bitpanda-backed Pantos Launches Public Beta of Its Multichain Token Procedure

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Vienna, Austria, 14th February, 2023, Chainwire

Pantos, a multichain token gadget conceived by the crew within the abet of Bitpanda, proclaims the final public beta originate of its multichain protocol this day. Developers and users can be ready to use the final public beta to send tokens, wrap native coins of supported chains, and rapidly furthermore make and deploy multichain tokens without plan back with a number of clicks.

Pantos is introducing a new Multichain Token Long-established called PANDAS (Pantos Digital Asset Long-established) to train a undoubtedly multichain token gadget to the loads, enabling precise and seamless Web3 interoperability. Pantos currently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom; and plans to combine extra EVM and non-EVM chains continuously.

The bulk of this day’s Web3 functions and bridges lack the security and unruffled user trip wished to train Web3 functionalities to the loads. Pantos objectives to give a care for shut to this by offering a legit infrastructure and the comely tools to empower developers to without plan back make multichain sources.

Pantos began in 2018 as an in-home be taught mission by Bitpanda in collaboration with TU Wien (Austria) and later furthermore TU Hamburg (Germany) to construct an open usual for undoubtedly decentralized multichain token transfers and blockchain interoperability. The public beta comes out after years of ground-breaking be taught within the fields of oracles, relays, tidy contracts and blockchain efficiency. Pantos on the side of its researchers on the colleges bustle the truth is one of many most realistic blockchain be taught labs on this planet, as section of the Christian Doppler Laboratory Blockchain Technologies for the Internet of Things and own been ready to precise funding for the mission from the Austrian govt.

Eric Demuth, CEO and Co-Founding father of both Pantos and Bitpanda, said “We’re extremely delighted to introduce the final public beta after years of be taught in collaboration with some of essentially the most reputed universities in Europe. We think that Multichain abilities is in point of fact a catalyst for Web3 and foster frequent crypto adoption. Pantos provides users the method in which to opt up admission to a multichain Web3.”

Bitpanda’s business trip helps Pantos with the transition from a be taught mission to a entirely-functional product on hand to terminate users and developers in a easy and accessible plan. Bitpanda will furthermore be the truth is one of many first adopters of Pantos’ multichain token gadget. Furthermore, Pantos has secured a partnership with the main Austrian monetary institution, Raiffeisen Financial institution Global (RBI), that is working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN is currently on hand for trading on Bitpanda and N26.

Researchers at Pantos are growing abilities that will enable users to switch digital sources of any kind freely between diverse blockchain protocols in a entirely decentralized and trustless manner. The use of the brand new PANDAS-20 usual, developers can be ready to deploy sources on a fluctuate of blockchains without upkeep work. Concerned users or digital creators who lack coding abilities can be ready to deploy their own multichain tokens with ease.

Even though it objectives to at final turn out to be a entirely decentralized open-source protocol with PAN as its own gas token, the final public beta of Pantos comes with a trusted validation mechanism to be sure a refined originate. This plan, the crew will make certain that the network cannot be attacked in its early phases, earlier than it gradually evolves into a entirely decentralized gadget.

About Pantos

Started as a be taught mission by the crew within the abet of Bitpanda in 2018, Pantos is an open-source protocol on a mission to make Web3 undoubtedly interoperable. It objectives to turn out to be an enabler for advanced Web3 functions. Pantos’ cutting-edge abilities enables contemporary and upcoming tokens to be deployed on extra than one blockchain networks, giving users the liberty to resolve essentially the most neutral network for his or her digital sources. It had secured $12.1 million in funding through an Initial Coin Offering (ICO) on Bitpanda in 2018.

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