Onyx Protocol is a blockchain that enables the streamlined issuance and management of digital assets via smart contracts. It is maintained by a federation of block signers and features a scalable UTXO model for efficient transaction validation. The protocol is governed by Onyx DAO through Onyxcoin (XCN), which allows token holders to vote on protocol updates. This system is designed to minimize intermediary involvement and increase transparency in financial transactions.
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