Onyx Introduces Goliath, a Layer-1 Blockchain Specifically Designed to Meet the Needs of Financial Institutions

Onyx has introduced Goliath, a Layer-1 blockchain specifically designed to meet the needs of financial institutions. The initiative aims to provide a secure and scalable infrastructure that can support banking and financial service providers, positioning itself as a high-speed alternative within the sector.

Onyx, the blockchain initiative focused on providing financial institutions with advanced technology, has unveiled plans for a Layer-1 blockchain named Goliath. This initiative aims to offer a high-speed, scalable, and secure infrastructure that can efficiently support banking and financial service providers, positioning itself as a key contender in the sector.

Goliath is designed to operate with transaction speeds comparable to traditional financial networks, such as Visa, which can process approximately 24,000 transactions per second. The project is expected to use a Proof-of-Stake (PoS) consensus mechanism, selecting validators based on the amount of tokens staked, which contributes to transaction efficiency and minimal energy consumption.

Confirming previous reports, Onyx has disclosed that Goliath is built upon its existing XCN Ledger, which is already being utilized as a Layer-3 roll-up solution within the Onyx ecosystem. Despite functioning as an independent Layer-1 blockchain, Goliath will remain interoperable with established financial networks, ensuring seamless integration across platforms.

To provide clarity on the project’s development timeline, Onyx has outlined the following key milestones:

* Testnet deployment is scheduled for the third quarter of 2025.

* Mainnet launch is planned for early 2026.

These phases will determine the blockchain’s ability to deliver on its promises regarding speed, security, and scalability.

In addition to Goliath, Onyx is also focusing on enhancing engagement within its existing Layer-3 XCN Ledger. A newly introduced Points Program will reward participants who bridge specific assets—WETH, USDT, CBTC, and USDC—from the Base blockchain to Onyx. This initiative is expected to encourage broader adoption and utilization of the platform.

Onyx's initiative to launch a Layer-1 blockchain named Goliath, a project designed to provide a high-speed and efficient network for financial institutions, has become a hot topic of discussion. The project, which is being developed by the blockchain startup known for its XCN Ledger and Layer-3 roll-up solutions, aims to offer an alternative to traditional financial systems with its rapid transaction speeds and minimal energy consumption.

Goliath is poised to process transactions at a staggering speed of 24,000 per second, a capability that sets it apart and positions it as a competitive force in the industry. This level of performance is crucial for handling the high volume of transactions typical of financial institutions and large institutions.

The project will use a PoS consensus mechanism, selecting validators based on the amount of tokens staked, which contributes to transaction efficiency and minimal energy consumption. In contrast to Proof-of-Work (PoW) models, PoS consumes significantly less energy, aligning with environmental and sustainability concerns.

Goliath is built upon the XCN Ledger, a Layer-3 roll-up solution already utilized within the Onyx ecosystem. Despite functioning as an independent Layer-1 blockchain, Goliath will remain interoperable with established financial networks, ensuring seamless integration across platforms.

The testnet deployment is scheduled for the third quarter of 2025, followed by the mainnet launch planned for early 2026. These phases will determine the blockchain’s ability to deliver on its promises regarding speed, scalability, and security.

Onyx is also introducing a Points Program as part of its strategy to increase engagement within the XCN Ledger. This program will reward participants who bridge specific assets—WETH, USDT, CBTC, and USDC—from the Base blockchain to Onyx. The initiative is expected to encourage broader adoption and utilization of the platform.

Onyx's initiative to launch a Layer-1 blockchain named Goliath, a project designed to provide a high-speed and efficient network for financial institutions, has become a hot topic of discussion. The project, which is being developed by the blockchain startup known for its XCN Ledger and Layer-3 roll-up solutions, aims to offer an alternative to traditional financial systems with its rapid transaction speeds and minimal energy consumption.

Goliath is poised to process transactions at a staggering speed of 24,000 per second, a capability that sets it apart and positions it as a competitive force in the industry. This level of performance is crucial for handling the high volume of transactions typical of financial institutions and large institutions.

The project will use a PoS consensus mechanism, selecting validators based on the amount of tokens staked, which contributes to transaction efficiency and minimal energy consumption. In contrast to Proof-of-Work (PoW) models, PoS consumes significantly less energy, aligning with environmental and sustainability concerns.

Goliath is built upon the XCN Ledger, a Layer-3 roll-up solution already utilized within the Onyx ecosystem. Despite functioning as an independent Layer-1 blockchain, Goliath will remain interoperable with established financial networks, ensuring seamless integration across platforms.

The testnet deployment is scheduled for the third quarter of 2025, followed by the mainnet launch planned for early 2026. These phases will determine the blockchain’s ability to