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Bitpanda Launches Public Beta for Pantos Token Protocol

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On February 15, it was reported that the multi-chain Token protocol Pantos developed by Bitpanda, the Austrian cryptocurrency trading platform, opened the publ…

Bitpanda Launches Public Beta for Pantos Token Protocol

On February 15, it was reported that the multi-chain Token protocol Pantos developed by Bitpanda, the Austrian cryptocurrency trading platform, opened the public beta. Users can use the new Token standard to complete the Token encapsulation and create and deploy Token in multiple blockchains. At present, the beta will be carried out on seven chains, including Ethereum, Polygon, Avalanche, BNB Chain, Cronos, Cleo and Fantom, and will be eventually integrated into other chains.

The public beta of the multi-chain Token protocol Pantos under Bitpanda, an encrypted trading platform

Interpretation of the news:


Bitpanda, an Austria-based cryptocurrency trading platform, has recently launched its public beta for its multi-chain Token protocol called Pantos. The Pantos protocol enables users to perform Token encapsulation, deploy, and create Tokens across different blockchain networks. At present, this beta version supports seven blockchain platforms, including Ethereum, Polygon, Avalanche, BNB Chain, Cronos, Cleo, and Fantom. However, the company aims to integrate more blockchain networks in the future.

The Pantos Token protocol is a unique approach to blockchain technology, as it addresses the issue of interoperability. It is a cross-chain protocol that enables the interconnection of various blockchain platforms, allowing users to transfer assets between them. With this innovation, Bitpanda aims to eliminate the limitations of blockchain technology and provide users with a more efficient and seamless experience.

The public beta launch of Pantos Token protocol is an essential step towards the development of a more interconnected blockchain infrastructure. The ability to create, deploy, and encapsulate Tokens across multiple blockchain platforms is a significant milestone for the cryptocurrency ecosystem. This development takes us one step closer to a world where different blockchain networks can communicate with each other, creating a decentralized ecosystem that can serve a wider range of use cases.

The Pantos Token protocol puts Bitpanda on the forefront of the emerging blockchain market, providing a solution to several of the significant barriers to adoption of decentralized technology. With Pantos, users can enjoy reduced transaction fees and faster transaction times regardless of the blockchain network they’re using. It is through these kinds of innovations that we can have a better chance of reaching mainstream adoption of blockchain technology.

In conclusion, Pantos Token protocol is a substantial development in the blockchain market, enabling blockchain networks to be more interconnected to create seamless experiences for users. Bitpanda has taken a significant step by launching its public beta, which supports seven blockchain networks with the aim to integrate more in the future. The Pantos Token protocol has significant potential to drive blockchain adoption, allowing for wider usage of blockchain technology across various sectors.

References:
https://pantos.io/
https://bitpanda.com/en/pantos
https://www.cryptopolitan.com/bitpandas-pantos-provides-cross-chain-solution/
https://www.coindesk.com/crypto-unicorn-bitpanda-eyes-global-expansion-with-open-eu-market-accesszone
https://www.bitpanda.com/en/pantos

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