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Vienna, Austria, 14 February 2023, Chainwire
Pantos, the multi-chain token system conceived by the team behind Bitpanda, today announced the release of the public beta of its multi-chain protocol. Developers and users can also use the public beta to submit tokens, wrap native coins on supported chains, and easily create and deploy multi-chain tokens with just a few clicks. increase.
Pantos is introducing a new multi-chain token standard called PANDAS (Pantos Digital Asset Standard) to bring a true multi-chain token system to the masses and enable secure and seamless Web3 interoperability. Pantos currently supports 7 chains on the testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom. We plan to continue integrating more EVM and non-EVM chains.
Most of today’s Web3 applications and bridges lack the security and smooth user experience needed to bring Web3 functionality to the masses. Pantos aims to improve this by providing a reliable infrastructure and the right tools to make it easier for developers to create multi-chain assets.
Pantos is an internal research by Bitpanda in collaboration with the Technical University of Vienna (Austria) and later the Technical University of Hamburg (Germany) to establish open standards for truly decentralized multi-chain token transfers and blockchain interoperability. Started in 2018 as a project. The public beta comes after years of groundbreaking research in the areas of oracles, relays, smart contracts and blockchain efficiency. Pantos, along with university researchers, runs his one of the world’s largest blockchain research labs as part of the Christian Doppler Laboratory Blockchain Technologies for the Internet of Things and has received funding for the project from the Austrian government. I was able to secure it.
Pantos and Bitpanda CEO and co-founder Eric Demuth said: After years of research in collaboration with some of Europes most prestigious universities, we are pleased to introduce a public beta. Pantos provides users with the easiest way to access multi-chain Web3.
Bitpanda’s business expertise helps Pantos move from a research project to a fully functional product that can be consumed by end-users and developers in a simple and accessible manner. Bitpanda is also one of the first adopters of Pantos’ multi-chain token system. Additionally, Pantos has secured a partnership with Raiffeisen Bank International (RBI), a leading Austrian bank working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN can now be traded on Bitpanda and N26.
Pantos researchers are developing technology that allows users to freely transfer all kinds of digital assets between different blockchain protocols in a fully decentralized and trustless manner. With his new PANDAS-20 standard, developers can deploy assets across different blockchains without any maintenance effort. Interested users and digital creators without coding skills can easily deploy their own multi-chain tokens.
Ultimately, we aim to be a fully decentralized open-source protocol that uses PAN as its own gas token, but Pantos public beta has a trusted validation mechanism to ensure a smooth launch. Included. In this way, the team ensures that the network is not attacked in the early stages before gradually evolving into a fully decentralized system.
Started as a research project by the team behind Bitpanda in 2018, Pantos is an open source protocol with a mission to make Web3 truly interoperable. Sophisticated, he aspires to be an enabler for Web3 applications. Pantos’ state-of-the-art technology allows existing and future tokens to be deployed across multiple blockchain networks, giving users the freedom to choose the network that best suits their digital assets. In 2018, he secured $12.1 million in funding through his initial coin offering (ICO) on Bitpanda.
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Marcel Nenagy [emailprotected]
