February 14, 2023 – Vienna, Austria
Pantos, a multichain token system conceived by the team behind Bitpanda, announces the public beta launch of its multichain protocol today.
Developers and users will be able to use the public beta to send tokens, wrap native coins of supported chains and soon also create and deploy multichain tokens easily with a few clicks.
Pantos is introducing a new multichain token standard called, ‘PANDAS’ (Pantos digital asset standard) to bring a truly multichain token system to the masses, enabling secure and seamless Web 3.0 interoperability.
Pantos currently 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 majority of today’s Web 3.0 applications and bridges lack the security and smooth user experience needed to bring Web 3.0 functionalities to the masses. Pantos aims to improve this by offering a reliable infrastructure and the right tools to empower developers to easily create multichain assets.
Pantos began in 2018 as an in-house research project by Bitpanda in collaboration with TU Wien (Austria) and later also TU Hamburg (Germany) to establish an open standard for truly decentralized multichain token transfers and blockchain interoperability.
The public beta comes out after years of groundbreaking research in the fields of oracles, relays, smart contracts and blockchain efficiency.
Pantos, together with its researchers at the universities, runs one of the largest blockchain research labs in the world as part of the Christian Doppler Laboratory Blockchain Technologies for the Internet of Things and have been able to secure funding for the project from the Austrian government.
Eric Demuth, CEO and co-founder of both Pantos and Bitpanda, said,
“We are thrilled to introduce the public beta after years of research in collaboration with some of the most reputed universities in Europe. We believe that multichain technology will be a catalyst for Web 3.0 and foster widespread crypto adoption. Pantos offers users the simplest way to access a multichain Web 3.0.”
Bitpanda’s business expertise helps Pantos with the transition from a research project to a fully-functional product available to end users and developers in a simple and accessible way. Bitpanda will also be one of the first adopters of Pantos’ multichain token system.
Furthermore, Pantos has secured a…
Click Here to Read the Full Original Article at The Daily Hodl…
