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

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Vienna, Austria, 14th February, 2023, Chainwire

Pantos, a multichain token map conceived by the personnel within the assist of Bitpanda, declares the public beta initiating of its multichain protocol this day. Builders and users will be ready to make consume of the public beta to send tokens, wrap native cash of supported chains, and soon also fetch and deploy multichain tokens with out anxiety with a number of clicks.

Pantos is introducing a peculiar Multichain Token Identical old known as PANDAS (Pantos Digital Asset Identical old) to lift a if truth be told multichain token map to the loads, enabling stable and seamless Web3 interoperability. Pantos within the intervening time supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom; and plans to integrate more EVM and non-EVM chains continuously.

The large majority of this day’s Web3 capabilities and bridges lack the safety and soft user journey wished to lift Web3 functionalities to the loads. Pantos objectives to present a rob to this by offering an knowledgeable infrastructure and the gentle tools to empower builders to with out anxiety fetch multichain belongings.

Pantos started in 2018 as an in-house analysis venture by Bitpanda in collaboration with TU Wien (Austria) and later also TU Hamburg (Germany) to keep an initiating current for if truth be told decentralized multichain token transfers and blockchain interoperability. The final public beta comes out after years of floor-breaking analysis within the fields of oracles, relays, nicely-organized contracts and blockchain efficiency. Pantos on the side of its researchers on the colleges straggle one of many largest blockchain analysis labs on the planet, as fragment of the Christian Doppler Laboratory Blockchain Technologies for the Web of Things and were ready to stable funding for the venture from the Austrian govt.

Eric Demuth, CEO and Co-Founding father of both Pantos and Bitpanda, stated “We are pleased to introduce the public beta after years of analysis in collaboration with some of doubtlessly the most reputed universities in Europe. We mediate that Multichain skills will be a catalyst for Web3 and foster current crypto adoption. Pantos offers users the easiest manner to fetch entry to a multichain Web3.”

Bitpanda’s alternate journey helps Pantos with the transition from a analysis venture to an completely-functional product readily available to total users and builders in a easy and accessible manner. Bitpanda may well even be one of many predominant adopters of Pantos’ multichain token map. Moreover, Pantos has secured a partnership with the leading Austrian financial institution, Raiffeisen Bank World (RBI), that is working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN is within the intervening time readily available for trading on Bitpanda and N26.

Researchers at Pantos are rising skills that can allow users to switch digital belongings of any kind freely between diverse blockchain protocols in an completely decentralized and trustless manner. Utilizing the unusual PANDAS-20 current, builders will be ready to deploy belongings on a unfold of blockchains with out maintenance work. Provocative users or digital creators who lack coding skills will be ready to deploy their hang multichain tokens with ease.

Though it objectives to sooner or later change into an completely decentralized initiating-offer protocol with PAN as its hang gas token, the public beta of Pantos comes with a relied on validation mechanism to manufacture particular a soft initiating. This kind, the personnel will manufacture particular the network can’t be attacked in its early phases, sooner than it ceaselessly evolves into an completely decentralized map.

About Pantos

Started as a analysis venture by the personnel within the assist of Bitpanda in 2018, Pantos is an initiating-offer protocol on a mission to manufacture Web3 if truth be told interoperable. It objectives to alter into an enabler for complicated Web3 capabilities. Pantos’ cutting-edge skills lets in gift and upcoming tokens to be deployed on more than one blockchain networks, giving users the freedom to resolve doubtlessly the most gentle network for their digital belongings. It had secured $12.1 million in funding via an Initial Coin Offering (ICO) on Bitpanda in 2018.

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