Layer2 network Kinto has migrated to the Arbitrum ecosystem

ChainCatcher news, the Layer2 network Kinto has migrated to the Arbitrum ecosystem through the Arbitrum Nitro technology stack. This migration took place after changes in the structure of the Arbitrum Orbit chain ecosystem, which will grant the Arbitrum Foundation greater autonomy in negotiating Layer2 deployments.

Kinto stated that it can support modern financial institutions and decentralized protocols by building a Layer2 that complies with KYC standards. It also aims to reduce the risks of DeFi vulnerabilities and provide built-in insurance for all smart contracts.