Onyx announces launch of Layer 1 blockchain Goliath for financial institutions

According to Beincrypto, Onyx announced the launch of Goliath, a Layer 1 blockchain designed specifically for financial institutions, which will provide "transaction speeds comparable to networks such as Visa". It is reported that Visa can process 24000 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 been used 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. Meanwhile, 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 underlying blockchain to Onyx and receive rewards. Although Goliath will introduce a new blockchain layer, XCN will remain on Ethereum. The token will be bridged to a new network to maintain compatibility with DeFi platforms.