Bitpanda’s Pantos Protocol Offers Multi-Chain Token Development
On February 15, it was reported that the multi-chain Token protocol Pantos developed by Bitpanda, the Austrian cryptocurrency trading platform, opened the publ…
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 Austrian-based cryptocurrency trading platform, has developed a token protocol called Pantos. On February 15, 2022, Bitpanda reported that its Pantos protocol had opened the public beta for users. With this new development, users will now have the capability to complete Token encapsulation and create and deploy Token on multiple blockchains. This would allow greater flexibility and accessibility for Token development and deployment.
The public beta for the Pantos protocol currently operates on seven different chains, including Ethereum, Polygon, Avalanche, BNB Chain, Cronos, Cleo, and Fantom. As the beta progresses, more chains will be integrated into the protocol. This means that through the Pantos protocol, developers will now be able to deploy Tokens across multiple chains, making the Token market more accessible to the wider public.
The Pantos protocol is a significant development for the crypto industry as it offers multiple benefits. The protocol’s multi-chain functionality allows for greater flexibility when developing Tokens. Developers no longer need to create a unique Token for each chain they want to deploy on. They can simply deploy one Token on multiple chains. This means reduced development costs and increased efficiency. The Pantos protocol allows users to interact with different yet interconnected ecosystems via the Token bridge. This allows for interoperability, which means users can transfer Tokens between networks seamlessly.
Another essential benefit of the Pantos protocol is that it is designed to bring greater decentralization to the crypto space. This means that there is less reliance on centralized exchanges to conduct transactions. Pantos protocol users can now transact directly with one another across different chains.
In conclusion, Bitpanda’s Pantos protocol beta offers a game-changing development for Token development and deployment. Its multi-chain functionality creates a more decentralized, flexible, and accessible Token market, bringing greater innovation to the crypto space.
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