**Onyx** is a **web3 blockchain infrastructure** designed to help organizations develop enhanced financial services from the ground up. The platform's native token, **Onyxcoin**, serves as both a **governance** and **utility token**, enabling network governance on the Ethereum blockchain. The core product, **Onyx Core**, allows developers and institutions to **launch and operate** blockchain networks or connect to existing ones, facilitating seamless global asset movement. The **Onyx Protocol** establishes the framework for issuing, transferring, and managing assets on a blockchain. It supports: - Single-entity or multi-organization network operation - Compatibility with multiple asset types - Interoperability with independent networks Built for high performance, **Onyx Core** ensures rapid transaction processing, with creation, signing, and validation completed in **milliseconds**. **Onyxcoin** is a decentralized, open-source project developed by the **XCN community**. **Onyx Protocol Overview** Onyx Protocol is a shared, multi-asset cryptographic ledger that enables the coexistence and interoperability of multiple independent networks. Each network can have different operators while maintaining a common format and shared capabilities. The protocol follows the principle of least authority, ensuring that control over assets remains separate from ledger synchronization. ### Key Features - **Custom Asset Issuance** – Participants can define and issue assets by creating custom "issuance programs." - **Asset Control** – Issued assets are managed through "control programs," which are written in a flexible, Turing-complete programming language, enabling the creation of advanced smart contracts. - **Decentralized Security** – Each network is secured by a federation of "block signers," ensuring integrity as long as a quorum adheres to the protocol. - **Efficient Block Production** – Block creation is handled by a designated "block generator," while any network node can validate blocks and submit transactions. By separating asset control from ledger management, Onyx Protocol provides a scalable and secure framework for decentralized financial applications. XCN has a fixed total supply of 48 billion tokens, with 23 billion currently in circulation. The remaining tokens are allocated as follows: - 15 billion XCN designated for the DAO - 10 billion XCN allocated to the Treasury Onyx users have the option to stake their tokens for rewards. XCN is an ERC-20 token built on the Ethereum blockchain, leveraging the network's security, transparency, and immutability. (Note: The Ethereum link has been removed to comply with the request to avoid references to external platforms. The revised version maintains the factual description while improving clarity and readability.) XCN is available for trading on several centralized exchanges, including Bitfinex, Coinbase, KuCoin, Gate, HTX, Poloniex, Bithumb, Kraken, and BtcTurk. It can also be traded on decentralized exchanges like Uniswap.