Since our last project update three weeks ago we made significant progress and are now very happy to share with you that we just published the first Technical White Paper on Token Atomic Swap Technology (TAST).
First TAST Technical White Paper
In this paper, we extensively describe the current state of the art around the TAST project, and describe which blockchains and technologies are suitable for it. Furthermore, we identify the current research goals and challenges.
In the future, we will provide you with monthly TAST updates and reports. And we can now as well give you a quick progress report and outlook: We are currently working on a pull-based cross-chain token transfer protocol called PXTT. The PXTT protocol will allow the transfer of tokens across blockchains, given certain smart contract capabilities. These transfers are currently decentralized to a high degree, i.e., only certain special cases require a central authority. In the long term goal of TAST, we would like to reduce the requirements of these transfers to the blockchain capabilities, and decentralize this process completely.
Publishing the PXTT protocol
We plan on publishing the PXTT protocol in its rough outlines in the next Technical White Paper, together with the prototype description, and also aim to publish the detailed PXTT description in a well respected scientific journal such as the Ledger journal. In the meantime, initial planning of a potential TAST research prototype has started, and we are confident that within the coming months, we will see substantial development there.
Pantos ERC20 Withdrawal Integration on Bitpanda
While the scientific aspect of Pantos is making significant steps forward, we are also happy to share with you that you will be able to withdraw PAN as an ERC20 token soon. As you already know, PAN is a multi-blockchain token, which will be able to exist on multiple platforms and blockchains using TAST. Ethereum will be the first platform where this will be possible.
We are looking for talented developers
Here at Bitpanda and Pantos we are constantly looking for talented people to join our amazing teams. If you are interested, take a look at our career page if you want to work with us as for example Blockchain Developer (m/f) or Python Developer (m/f) and shape the future of the cryptocurrency industry.
As the first multi-blockchain token system, Pantos aims to bring blockchain projects closer together, improve communication between developers, researchers and users, and set innovative standards for cross-chain token transfers.
The goal is to serve as a lighthouse project in an increasingly fragmented blockchain space. With multiple blockchains serving all kinds of different purposes, Pantos is seeking to allow these projects to talk to one another in a standardised way. This will speed up innovation by creating a link between blockchains which then can scale together.
To get the latest news on the progress of the Pantos project you can follow our official channels: