Zilliqa, a blockchain platform that prioritizes scalability and security, aims to establish a robust ecosystem for decentralized applications (dApps) and cryptocurrencies through its sharding process, native programming language, and governance mechanism. This article addresses two common inquiries: What is Zilliqa (ZIL) and how to acquire Zilliqa (ZIL) with TRY.
What is Zilliqa (ZIL)?
Zilliqa is a blockchain network that enhances scalability through sharding. Sharding involves dividing the network into smaller interconnected Blockchain segments, enabling the processing of more transactions simultaneously. This approach sets Zilliqa apart from other blockchains like Ethereum, Tron, and EOS. Access NEWSLINKER for the latest technology news.
Zilliqa offers a security-focused native programming language called Scilla, allowing developers to create dApps that replicate real-world services. These dApps can execute specific logic through smart contracts and interact with the Zilliqa Blockchain.
ZIL coin, the mainnet asset of Zilliqa, plays a vital role in the network by running programs, facilitating transactions, and incentivizing network participants. This incentive is crucial for upholding the integrity and security of the Blockchain.
The network’s sharding process enhances transaction processing efficiency. Each shard functions as its own Blockchain, processing a portion of the network’s transactions. These shards are then combined into transaction blocks by Directory Service Nodes (DS nodes) and added to the Zilliqa Blockchain.
Zilliqa also employs the Practical Byzantine Fault Tolerance (pBFT) governance mechanism to keep the distributed computer network synchronized. Nodes must stake ZIL coins to operate and vote on changes. Once a consensus is reached, transactions are validated, and nodes receive a portion of the block reward.
How to Buy Zilliqa (ZIL) with TRY?
For investors in Turkey looking to purchase Zilliqa (ZIL), Binance TR is the ideal cryptocurrency exchange. Binance TR offers over 100 cryptocurrencies, including ZIL, for quick buying and selling. To acquire Zilliqa (ZIL) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Creating an account on Binance TR is straightforward. Visit trbinance.com and proceed from the “Create Account” step. You will be prompted to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After providing the required information accurately, email/SMS verification will be conducted for confirmation. Subsequently, proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a crucial security measure that must be completed before engaging in cryptocurrency trading. This process safeguards both the user and the exchange. You can verify your identity either through your phone or the official Binance TR website.
On the Binance TR website, navigate to the “Profile” option, click on “Identity Verification and Limits,” then select “Verify.” Scan the QR code displayed using your phone’s camera and proceed with the verification process on your phone. If unable to scan the QR code, opt for the “Copy URL” option to have the verification address sent to your phone via SMS.
Upon entering the address on your phone or scanning the QR code, a verification screen will appear. Select the appropriate document type, upload the front and back sides of the document, and take a selfie for verification.
After completing all steps accurately, your identity verification process will be finalized promptly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from various banks. Transactions can be made 24/7 from banks such as Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. For other banks, deposits up to 50,000 TL can be made via FAST, while amounts exceeding 50,000 TL are processed during EFT hours.
To deposit funds into your Binance TR account, visit trbinance.com, hover over the “Wallet” option, then click on “Deposit.” Select your preferred bank on the page and proceed with the deposit process. If your bank is not integrated with Binance TR, select the “Other Banks” option.
Choose your bank, follow the instructions for making a transfer, EFT, or FAST, and transfer the desired amount into your Binance TR account using the provided information. Once the transfer is completed, the funds will reflect in your Binance TR account wallet.
How to Buy ZIL Coin with TL on Binance TR?
Following the deposit process, purchase ZIL coin with TL by clicking on the “Buy-Sell” option on the Binance TR website. Enter the desired price and quantity of ZIL, then click “Buy ZIL” to complete the purchase.
What is Binance TR?
Binance TR, the Turkish platform of the world’s largest cryptocurrency exchange, Binance, provides cryptocurrency investors in Turkey with access to fiat-to-crypto and crypto-to-crypto trading services. Leveraging Binance’s technology, security measures, and liquidity, Binance TR offers seamless trading with TRY pairs.
Users can access leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
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Disclaimer: The information presented in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
