Onyx Goliath Set to Enhance Financial Transactions with Proposed High-Speed Layer-1 Blockchain Launching in 2026
The post Onyx Goliath Set to Enhance Financial Transactions with Proposed High-Speed Layer-1 Blockchain Launching in 2026 appeared on BitcoinEthereumNews.com.
Onyx has launched Goliath, a new Layer-1 blockchain designed for financial institutions, promising to redefine transaction capabilities in the crypto space. This blockchain aims to achieve transaction speeds on par with Visa, leveraging a Proof-of-Stake consensus model to ensure energy efficiency and scalability. According to Onyx, “Onyx Goliath is a revolutionary Layer 1 blockchain aimed at reshaping global finance,” highlighting the project’s ambitious goal. Onyx introduces Goliath, a Layer-1 blockchain for financial institutions, aiming for Visa-level transaction speeds with a Proof-of-Stake model and a phased rollout. Onyx Goliath Will Provide High-Speed Transactions with Proof-of-Stake Goliath is set to utilize a Proof-of-Stake (PoS) consensus mechanism, which not only enhances transaction speeds but also significantly reduces energy consumption. This method selects validators based on the number of tokens they have staked, making the network both efficient and eco-friendly. Following the latest announcement, Goliath builds upon the foundation established by XCN Ledger, used as a Layer-3 roll-up solution in Onyx’s ecosystem. Operating as an independent Layer-1 blockchain, Goliath aims for interoperability with existing financial networks, which is crucial for institutions reliant on legacy systems. Additionally, Onyx has released a roadmap for Goliath, with a testnet expected in Q3 2025 and a mainnet rollout scheduled for Q1 2026. This structured approach allows for gradual testing and integration of the new blockchain, ensuring stability and performance verification. In tandem with Goliath, Onyx is initiating a Points Program for its Layer-3 XCN Ledger. Participants bridging assets such as WETH, USDT, CBTC, and USDC from the Base blockchain to Onyx will receive incentives, thereby encouraging activity within the Onyx ecosystem. “Onyx Goliath is a revolutionary Layer 1 blockchain aimed at reshaping global finance. Designed for banks and financial institutions, it promises unmatched scalability, security, and speed,” the Onyx team stated on X (formerly Twitter). While Goliath introduces…
Filed under: News - @ March 4, 2025 3:24 am