Austrian cryptocurrency platform Bitpanda cooperates with the Vienna University of technology to develop platforms with open source code called “Pantos”:
“We are pleased to announce our newest project Pantos. It is an open research project, which aims to promote cooperation between the blockchain projects and establish new innovative standards for the decentralised transmission of tokens of different blockchains.”
The project also involves researchers from Austrian research Institute cryptoeconomy (RIAT).
Pantos aims to solve the problem of fragmentation of the Blockchain. After Bitcoin was launched many digital currency based on Blockchain technology, each of which has its own specifications and protocols. Most likely, the future only for multiple blockchains:
“Different networks not only compete for investment resources and market share, but also for knowledge. It applies here Pantos for the first time with new technology and marker PAN it is intended to ensure the transmission of valuable tokens via multiple blockchains”.
System Pantos will be funded by the ICO new token called PAN, limited to 1,500 BTC ($14.8 million at the time of publication). As emphasized by the developers Bitpanda, ICO will Fund the development of technologies that can be freely used via a license with open source.
Original Pantos will be run on the Ethereum platform. In the near future will also be support for cryptocurrency Bitcoin, Litecoin, Lisk, Komodo.