Onyx Announces Launch of Goliath, a Layer 1 Blockchain for Financial Institutions

PANews reported on March 4 that according to Beincrypto, Onyx announced the launch of Goliath, a Layer1 blockchain designed for financial institutions, which will provide "transaction speeds comparable to networks such as Visa". It is reported that Visa can process 24,000 transactions per second. Goliath will use the Proof of Stake (PoS) consensus mechanism to support high-speed transactions. According to the announcement, the project is built on the XCN Ledger. Onyxcoin has already used it as a Layer-3 aggregation solution in the Onyx ecosystem. Goliath will operate as an independent Layer-1 blockchain, but will still maintain interoperability with existing financial networks.

In addition, Onyx has set key milestones for the project. The testnet will be deployed in the third quarter of 2025, while the mainnet will be released in early 2026. At the same time, Onyx is also launching a points program for its Layer-3 XCN Ledger. Participants will bridge assets such as WETH, USDT, CBTC, and USDC from the base blockchain to Onyx and receive rewards. Although Goliath will introduce a new blockchain layer, XCN will continue to remain on Ethereum. The token will be bridged to the new network to maintain compatibility with DeFi platforms.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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