Onyx goliath testnet onboard
7/2/2025 11:22pm
The launch of Onyx's Goliath testnet is an exciting development that could have significant implications for the blockchain and financial technology space. Here's what you need to know:
1. **Purpose of Goliath**: Goliath is a Layer-1 blockchain designed specifically for financial institutions, aiming to provide a secure, scalable, and high-speed infrastructure for banking and financial services.
2. **Performance Capabilities**: The blockchain is designed to handle transaction speeds comparable to traditional financial networks like Visa, processing around 24,000 transactions per second.
3. **Integration with XCN Ledger**: Goliath is built upon the existing XCN Ledger, which is already being utilized within the Onyx ecosystem as a Layer-3 roll-up solution.
4. **Testnet Deployment and Mainnet Launch**: The testnet deployment for Goliath is scheduled for the third quarter of 2025, with the mainnet launch planned for early 2026.
5. **Incentives**: Onyx has introduced an XCN Ledger Points Program to encourage engagement and adoption within its ecosystem, particularly for bridging specific assets across different blockchains.
The launch of Goliath represents a significant step forward in blockchain-based financial infrastructure, aiming to redefine global finance with a network tailored to banking institutions. Its performance and adoption following the testnet and mainnet phases will be crucial in determining its success and impact on the financial technology landscape.