Softstack Completes Audit on Pantos’ Cross-Chain Infrastructure, Boosting Security for Seamless Blockchain Interoperability.
Softstack, a leader in blockchain security and Web3 innovation, has announced the successful completion of a comprehensive security audit for Pantos, the multi-blockchain token system designed to bring secure and seamless interoperability to the digital asset world. The audit aimed to enhance the security and robustness of Pantos’ Validator and Service Nodes, as well as its on-chain smart contracts, all critical components of its cross-chain technology.
Uncovering and Mitigating Potential Vulnerabilities
Pantos provides a unique infrastructure for cross-chain asset transfers, enabling users to securely move digital assets across different blockchain networks. In this complex environment, softstack’s audit assessed both the Validator Node and Service Node structures responsible for validating and initiating cross-chain transactions, as well as Pantos’ core smart contracts. This thorough review involved testing for vulnerabilities, identifying risks, and recommending improvements across the codebase.
Softstack’s team used a variety of advanced testing methodologies, including both automated and manual analysis, to conduct an complete security evaluation.
We’re pleased to have completed this comprehensive security audit with softstack as a key milestone for the Pantos ecosystem”— Juan M. Tirado, Engineering Manager at Pantos
Read More : Navigating the Future: Key IT Trends in Financial Services
“Our mission was to ensure that Pantos’ infrastructure not only meets but exceeds industry standards, allowing users to transact confidently across multiple blockchains,” said Yannik Heinze, CEO at softstack.
Key Findings and Enhanced Security
The audit fulfilled significant insights:
• Zero Critical Issues were identified, showcasing Pantos’ already solid approach to security.
• Several Medium and Low-Severity Issues were found and either resolved or recommendations were provided to Pantos to mitigate these risks. Notable improvements included enhanced error handling and concurrency management, along with implementing a slashing mechanism to bolster accountability within the staking system.
• Optimizations in Smart Contracts were also suggested, ensuring more efficient gas usage and protection against potential resource-intensive operations.
With these enhancements, Pantos’ infrastructure is better equipped to deliver secure, efficient, and scalable cross-chain services for the growing blockchain ecosystem.
Read More : Global Fintech Series Interview with Tanya Thomas, EVP for EMEA, Q4
[To share your insights with us, please write to psen@itechseries.com ]
