Onyx announces the launch of the Layer1 blockchain Goliath for financial institutions

2025-03-04 12:05:46

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ChainCatcher news, according to Beincrypto, Onyx has announced the launch of Goliath, a Layer 1 blockchain designed specifically for financial institutions, which will provide "transaction speeds comparable to networks like Visa." It is reported that Visa can process 24,000 transactions per second. Goliath will use a Proof of Stake (PoS) consensus mechanism to support high-speed transactions. According to the announcement, the project is built on the XCN Ledger. Onyx coin has already been used as a Layer-3 aggregation solution within 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 is expected to launch in early 2026. Meanwhile, Onyx is also launching a rewards program for its Layer-3 XCN Ledger. Participants will bridge assets such as WETH, USDT, CBTC, and USDC from the underlying blockchain to Onyx and receive rewards. While Goliath will introduce a new blockchain layer, XCN will remain on Ethereum. The token will bridge to the new network to maintain compatibility with DeFi platforms.

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