Onyx Announces Launch of Layer 1 Blockchain Goliath
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, and the mainnet will be released in early 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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