Onyx announces the launch of Layer1 blockchain Goliath
Onyx has announced the launch of Goliath, a Layer1 blockchain designed specifically for financial institutions, promising "transaction speeds comparable to networks like Visa."
It is reported that Visa can process 24,000 transactions per second. Goliath will use Proof of Stake (PoS) consensus mechanism to support high-speed transactions.
According to the announcement, the project is built on top of 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 this project. The testnet will be deployed in the third quarter of 2025 and the mainnet is expected to be launched at the beginning of 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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