Blockchain Interoperability Emerges as Key Driver for Seamless Multichain Token Transfers in Crypto Industry Blockchain interoperability and multichain token transfers are becoming increasingly important in the crypto industry because they enable users to easily transfer assets between different blockchain networks. In the past, transferring assets from one blockchain network to another was often a complex and cumbersome process, which required the use of centralized exchanges or other intermediaries. However, with the advent of interoperability solutions and multichain token standards, such as those being developed by , it is becoming much easier for users to transfer assets across different blockchain networks in a decentralized and trustless way. Pantos Pantos launches beta version of multichain token system with Bitpanda's backing Pantos has the beta version of its multichain token system with Bitpanda's backing. The project provides a cutting-edge solution for asset transfers between different blockchain networks. Pantos seeks to address the current state of insecure and clunky Web3 applications by providing developers with the architecture and tools necessary to build multichain assets. The project is also working to develop an industry standard for multichain token transfers and blockchain interoperability in partnership with the Technical University of Vienna, the University of Hamburg, and the international branch of the Raiffeisen Bank. launched https://twitter.com/PantosIO/status/1625505944690954245?cxt=HHwWisC42evC-o4tAAAA&embedable=true : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking. The author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program Eric Demuth, CEO and co-founder of both and , believes that the project will facilitate significant crypto adoption as the world enters the Web3 era. Pantos has created the PANDAS-20 standard, which eliminates the need for developers to perform maintenance while deploying assets to different blockchains, thus making the development of complex Web3 applications more accessible. Pantos Bitpanda Web3 applications rely on the seamless transfer of assets between different blockchain networks in order to function properly. Ultimately, the development of interoperability solutions and multichain token standards is key to the growth and development of the broader crypto industry. The protocol has its own gas token PAN and is fully decentralized and open-source. Tokens created using Pantos' technology will be usable on any of the supported blockchain networks, providing consumers with the freedom to choose the platform that best suits their digital assets. Pantos' public beta already provides a trustworthy validation mechanism to guarantee a seamless launch. The project's potential to revolutionize asset transfers across multiple blockchain networks has significant implications for the future of the crypto industry, and its impact on Web3 applications and the wider digital asset ecosystem will be worth monitoring. Don’t forget to like and share the story!

The writer has or has previously had a business relationship with companies mentioned in this article.

Pantos Aims to Fix Insecure and Clunky State of Web3 Apps with Multichain Token System

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

$2M Backing and a Vision: How GAM3S.GG is Reshaping Web3 Gaming

Zero-Knowledge Proofs: Questionnaire Result Verification in Smart Contracts

06/03/2018: Biggest Stories in the Cryptosphere

10 Ways Bluzelle is building the Decentralized Internet

10 Essential Essays on Bitcoin

$2M Backing and a Vision: How GAM3S.GG is Reshaping Web3 Gaming

Zero-Knowledge Proofs: Questionnaire Result Verification in Smart Contracts

06/03/2018: Biggest Stories in the Cryptosphere

10 Ways Bluzelle is building the Decentralized Internet

10 Essential Essays on Bitcoin

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps