"Onyx Goliath: Revolutionizing Finance with High-Speed Blockchain in 2026"

Coin WorldMonday, Mar 3, 2025 8:41 pm ET
1min read

Onyx Goliath, a revolutionary Layer-1 blockchain, is set to enhance financial transactions with its proposed high-speed launch in 2026. Designed specifically for financial institutions, this blockchain aims to redefine transaction capabilities in the crypto space by achieving speeds on par with Visa. Leveraging a Proof-of-Stake consensus model, Onyx Goliath promises energy efficiency and scalability, making it an attractive option for banks and financial institutions looking to adopt blockchain technology.

Onyx Goliath will 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. Additionally, 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.

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.

The Onyx team has stated that 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. While Goliath introduces a new dimension to Onyx’s offerings, the existing XCN will continue to operate on the Ethereum network. This strategic decision ensures that the token remains compatible with various DeFi platforms while paving the way for enhanced functionality through the new blockchain.

Despite the optimistic outlook for Goliath, the XCN token saw a decline of over 11% following the announcement, highlighting ongoing market volatility. This dip was exacerbated by broader bearish sentiments emerging from the Federal Reserve, leading to a general downturn in the crypto