Bitpanda and the Technical University Vienna start Pantos, the first multi-blockchain Tokensystem

Vienna (OTS) - Seamless cross-chain token transfers between multiple blockchains will be possible soon: Bitpanda, Europe’s leading retail broker for digital currencies, has started to develop an open-source-project named Pantos, together with scientists of the Technical University Vienna, the Academy of Sciences, and the Research Institute for Future Cryptoeconomics (RIAT). Pantos will be financed by a Technology ICO, which will be capped at 1500 BTC to ensure the development of open-source technology that should enable a key technology for a token-based environment - the Token Atomic Swap Technology (TAST).

Pantos wants to solve the blockchain fragmentation problem. After Bitcoin, many digital currencies based on the blockchain technology have been launched, each with their own specifications and protocols. A future with multiple blockchain networks is very likely. "The various networks compete not only for investment, resources and market share - but also for knowledge. This is where Pantos comes into play: With the new technology and the PAN Token, for the first time, it is intended to enable valuable transfers of tokens across several blockchains,“ say the founders of Bitpanda Eric Demuth, Paul Klanschek and Christian Trummer. With it’s open source approach, Pantos will enable sustainable collaborations between blockchain projects and common technical standards for cross-blockchain transfers can be set.

Pantos will be initially launched on Ethereum, with Bitcoin, Litecoin, Lisk, Komodo and Wave, all first blockchain-generation, support expected to follow soon. The three founders add: "It is particularly important to us, that the associated Technology ICO finances the new technology and research, which is why it is limited to 1500 BTC, to provide an open-source technology for the industry. It is deliberately not a start-up financing system.”

Enabling Real-Time Arbitrage.

Pantos will enable near-real-time arbitrage trading, resulting in increased volumes across all decentralised marketplaces and an expected increase in demand for PAN tokens. Traders will be able to exploit the resulting price differences between pairs of ‘digital currencies’.

A new metric: Blockchain Domination Index.

The flexible portability functions allow the PAN token to form a common denominator  and thus, the introduction of a new unit designed for the crypto-economy. The Blockchain Domination Index displays the token usage and distribution among all supported blockchains in real time. Thanks to PAN, this allows the significance of each blockchain to be measured on the basis of genuine usage.

Who’s Bitpanda.

Bitpanda’s founding members are digital currency enthusiasts since the emergence of Bitcoin. Back in 2013 it was difficult to buy digital currencies in Europe, which led them to their visionary idea of Bitpanda. Since then, Bitpanda.com has grown to become Europe’s leading retail broker for digital currencies, currently offering Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple, and fully integrated EUR trading, including in-house-developed wallet solutions for all assets.

Pantos’ supporters.

Pantos is being supported and advised by some of the most respected projects and people in the global blockchain space. For the full list you can check out pantos.io or the Pantos Visionpaper.

Where to learn more.

You can find more information and a press kit on www.pantos.io 

Press Contact: press@pantos.io

Facebook: https://www.facebook.com/PantosIO

Twitter: https://twitter.com/PantosIO

YouTube: https://www.youtube.com/channel/UCs8FmLFt5PmF4fp5PjUAW6A

LinkedIn: https://www.linkedin.com/company/pantos_io/

Medium: https://medium.com/@PantosIO

Rückfragen & Kontakt:

Greenberg Advisory
Mag. Georg Baldauf
+43 650 301 5888
gb@greenberg-advisory.com
www.greenberg-advisory.com

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