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Kinto collaborates with Dynamic to enhance the first layer-2 blockchain with user-owned KYC, offering seamless and secure onboarding and wallet management solutions.
Kinto is a layer-2 Ethereum blockchain, aiming to accelerate the transition to an on-chain financial system. While many layer-2 blockchains have emerged over the last few years, Kinto is unique in that it is the first layer-2 network to have user-owned KYC. This allows the network to protect against sybils and bad actors such as hackers, while remaining decentralized and credibly neutral. It also positions it well to onboard existing financial institutions, which have to abide by strict regulatory and compliance requirements. Furthermore, Kinto has recently launched smart-contract wallet insurance for all users.
Kinto also puts an emphasis on user experience, being the first layer-2 blockchain to implement enforced Account Abstraction at the chain level. Through a partnership with Socket, Kinto has incorporated chain abstraction capabilities that connect its network directly to Ethereum mainnet, Arbitrum, and Base. Not only does this help to prevent liquidity fragmentation, but it also gives developers the ability to integrate any dApp, user or asset across rollups and chains.
By requiring KYC to use the chain and focusing on cross-chain interoperability, Kinto is positioning itself uniquely within the blockchain ecosystem. The combination of security, compliance, and seamless user experience sets Kinto apart from other chains and makes it an attractive option for developers and financial institutions alike.
To meet their goals and excel as a layer-2 blockchain, Kinto needed to work through four main challenges:
To match the needs of Kinto, Dynamic has implemented the following:
Reflecting on the collaboration, here’s what the Kinto team had to say about their experience with implementing Dynamic:
“It is clear that Ethereum is going to be the settlement network of the on-chain financial system. Ethereum is winning due to the sheer multitude of teams that are building infrastructure and applications including dozens of wallet providers across hundreds of chains. There is no easier way to integrate all these ecosystems at once than through Dynamic. It only takes a few lines of code to be plugged to this multi-chain future.” - Ramon Recuero (Co-Founder)
Interested in implementing Dynamic?
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About
Kinto is an L2 focused on providing safe access to financial services. It is only Sybil Resistant blockchain with User-Owned KYC and enforced Account Abstraction.
About the companies
Kinto
Kinto is an L2 focused on providing safe access to financial services. It is only Sybil Resistant blockchain with User-Owned KYC and enforced Account Abstraction.
Region
Category
DeFi
L1 & L2
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