A Layer-1 Blockchain for Finance
Onyx launched Goliath, a layer 1 blockchain designed for financial institutions. The project aims to provide banking and financial service providers with scalable and secure infrastructure.
Onyx said Goliath will offer transaction speeds comparable to networks such as Visa, which process 24,000 transactions per second. This is a bold claim, and the mainnet release will reflect that this may be true.
Onyx Goliath will provide proof of verification for high-speed transactions
Goliath will use Proof of Verification (POS) consensus mechanism Supports high-speed transactions. POS reduces energy consumption by selecting a validator based on a fixed token count.
according to announcementthe project is built on XCN Ledger. Onyxcoin has used it as a 3-layer roll-up solution in the Onyx ecosystem.
Goliath will operate independently 1-layer blockchain But it will be interoperable with the existing financial network.
Additionally, Onyx outlines the key milestones for the project. The test network will be deployed in the third quarter of 2025, while the mainnet launch will be conducted in early 2026.
At the same time, Onyx also launched a points program for its 3-layer XCN Ledger. Participants who bridge assets such as Weth, USDT, CBTC and USDC from basic blockchain to Onyx will receive incentives.
“Onyx Goliath is the revolutionary Layer 1 blockchain designed to reshape global finance. It is designed for banks and financial institutions, promising unparalleled scalability, Safetyand speed,” Team Onyx Write On X (formerly Twitter).
Although Goliath will introduce a new blockchain layer, XCN will remain on Ethereum. The token will be bridged to the new network, Maintain compatibility with the Defi platform.
XCN fell more than 11% today, but it saw a sharp drop hours before Goliath announced the news. The crypto market has Seriously beaten todayJust as the Fed’s bearish news combined with other economic hardships, it will bring large pumps all over the big pumps starting this weekend.
Indeed, not long after Onyxcoin jumped this month, Massive Exodus of Old Investors. team Brave efforts To restore this sliding momentum, But it fell 50% in February. Earlier today Whale leader’s breakthrough attempt failedand it looks like Goliath won’t block XCN’s slideshow, either.
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