Onyx presented Goliath, a layer-1 blockchain designed for financial institutions. The project aims to provide a scalable and secure infrastructure for banks and financial service providers.
Onyx says that Goliath will offer transaction speeds comparable to networks like Visa, which deals 24,000 transactions per second. This is a daring affirmation, and the launch of Mainnet will reflect how true it could be.
Onyx Goliath will provide high -speed transactions with proof of putting
Goliath will use a mechanism for proof of implementation (POS) to support high -speed transactions. The POS reduces energy consumption by selecting validators according to the number of ladies marked.
According to the announcement, the project is based on XCN Ledger. Onyxcoin already uses it as a layer 3 withdrawal solution in the onyx ecosystem.
Goliath will operate independently as a layer 1 blockchain but will remain interoperable with existing financial networks.
In addition, Onyx described the key stages of the project. The Testnet will be deployed in the third quarter of 2025, while the launch of the Mainnet will take place in early 2026.
Meanwhile, Onyx is also launching a point program for its big book XCN Layer 3. Participants who fill assets like WETH, USDT, CBTC and USDC from the basic blockchain in Onyx will receive incentives.
“Onyx Goliath is a revolutionary blockchain of layer 1 aimed at reshaping world finance. Designed for banks and financial institutions, it promises an unequaled scalability, security and speed, “wrote the ONYX team on X (formerly Twitter).
While Goliath will introduce a new layer of blockchain, XCN will remain on Ethereum. The token will be reduced to the new network, maintaining compatibility with the DEFI platforms.
XCN fell by more than 11% today, but a major drop took place a few hours before Goliath’s announcement. The cryptography market has taken a serious blow today, because Bearish news from the Federal Reserve has combined with other economic problems for craters the great pump of this weekend.
Indeed, shortly after Onyxcoin jumped this month, there was a massive exodus of former investors. The team made a valiant effort to find this sliding momentum, but it slipped 50% in February. Earlier in the day, an attempted escape led by whales failed, and it also does not seem that Goliath will do a lot to stop XCN’s slideshow.
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