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Pantos Launches Beta Version of Encryption Protocol for Cross-Chain Token Deployment

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It is reported that Pantos is an encryption protocol designed to allow tokens to be deployed on multiple blockchain networks. It said that its beta version has…

Pantos Launches Beta Version of Encryption Protocol for Cross-Chain Token Deployment

It is reported that Pantos is an encryption protocol designed to allow tokens to be deployed on multiple blockchain networks. It said that its beta version has been launched. Pantos test network supports seven chains: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom. （CoinDesk）

Multi-chain token system Pantos launched a beta version

Analysis based on this information:


Pantos, an encryption protocol designed to enable the deployment of tokens on multiple blockchain networks, has launched its beta version. This protocol aims to provide a solution to the current fragmentation and incompatibility issues that exist in the cryptocurrency ecosystem. The fragmentation is due to the lack of a common standard for blockchain networks, which inhibits the interoperability of different blockchain networks with each other.

By introducing a standard protocol, Pantos thus aims to create a seamless and efficient exchange of tokens across multiple blockchain networks. Pantos is designed to be cross-functional and compatible with various chains, making it a unique and valuable tool for developers looking to deploy tokens beyond a single blockchain network.

The beta version of Pantos has been launched with support for seven different chains, including Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom. With this compatibility, Pantos has demonstrated its versatility and ability to enable developers to deploy tokens across multiple blockchain networks seamlessly.

Pantos uses a unique mechanism called ‘token atomic swaps’ which enables the exchange of tokens across different blockchain networks without the need for an exchange. Through this mechanism, Pantos enables a direct exchange of tokens between the chains supported on its network. This is not only efficient but also cheaper compared to the traditional exchange process that involves fees and additional processes such as KYC verification.

Pantos is set to revolutionize the cryptocurrency world by introducing a standard protocol that will enable developers to deploy tokens seamlessly across multiple blockchain networks. By facilitating cross-functional token deployment, Pantos will enable developers to leverage the unique benefits provided by different blockchain networks, thus opening up new possibilities for innovation in the cryptocurrency space.

Overall, the launch of the beta version of Pantos represents a significant milestone in the development of cross-chain token deployment. The protocol’s compatibility with various blockchain networks and its unique mechanism of token atomic swaps position it to be a valuable tool for developers looking to deploy tokens beyond a single blockchain networt.

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