Pantos Protocol is making impressive strides in its plans to be fully functional with usable products.
pantos protocolThe blockchain network designed by the team behind Bitpanda Blockchain has announced the release of its highly innovative MultiChain Token Creator as it seeks to empower developers within its ecosystem. As contained in a press release shared with Coinspeaker, the team said that the MultiChain Token Creator is ideal for creating cryptocurrencies that can be deployed and function on different networks.
is the whole idea behind the development of Pantos One of the ultimate developments in the blockchain industry is to enable a wider token economy. As one of its main flagship products, Multichain Token Creator will empower developers by creating more opportunities for them.
Blockchain systems are generally known to be highly interoperable, however, developing tools to help drive this innovation is almost as difficult. Thus, we see projects launching tokens that are confined within their primary underlying blockchain. This largely restricts the economics of cryptocurrency, and limits users from reaping the true benefits that tokens can be linked to multiple protocols.
Pantos is looking to fix this by launching the Multichain Token Creator.
“Our MultiChain Token Creator is a defining innovation in the blockchain space, providing developers and projects with an easy way to adopt a revolutionary MultiChain Token standard that drives unparalleled cross-chain collaboration and opens up endless possibilities for the future of decentralized technology is,” said Marius Ciortan, director of product engineering at Pantos.
As described in the release, the product is on its way to be displayed at the upcoming EDCON conference in Montenegro. The conference will be held from May 19th to May 23rd, an occasion which will also lead the team to unveil the Pantos Digital Asset Standard (PANDAS). The digital currencies being created by Multichain Token Creator will be created using Pandas.
Pantos protocol and stable development
Pantos Protocol is making impressive strides in its plans to be fully functional with usable products. The project was conceived by the BitPanda team in partnership with TU Wien in Austria. After months of development, the Technical University of Hamburg has joined the initiative to develop an open standard for blockchain interoperability.
Functionalities designed for the Pantos protocol to demonstrate include, but are not limited to, token sending, wrapping native coins of supported chains, and creation and deployment of native multichain tokens. A unique incentive that developers get for all these features is that they can all be done with a few simple clicks.
With thousands of different blockchain protocols out there today, the Pantos protocol is launching with immediate support Ethereum (ETH), polygon (matic), avalanche (AVAX), BNB, Cronos (CRO), Celo, and Fantom (FTM). In the near future, the team plans to expand the reach of the protocol to more EVM-compatible blockchains for wider adoption.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves to write about real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain-based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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