Aptos (APT), initiated by Avery Ching and Mo Shaikh in October 2022, represents a Layer-1 Blockchain that prioritizes both transactional volume and security. It harnesses the Move programming language and the AptosBFT consensus mechanism, originally developed by Meta’s Diem team. This setup facilitates parallel transaction execution, achieving an impressive 160,000 transactions per second (tps). The APT coin serves various functions within the ecosystem, including payment for transaction fees, network operations, validator incentives, and engagement in on-chain governance.
In this article, we address two commonly asked questions: What defines Aptos (APT) and how can one acquire Aptos (APT) using Turkish Lira (TRY).
Contents:
1. What is Aptos (APT)?
2. How to Buy Aptos (APT) with TRY?
3. How to Create an Account on Binance TR?
4. How to Verify Your Account on Binance TR?
5. How to Deposit TRY on Binance TR?
6. How to Purchase APT Coin with TRY on Binance TR?
7. What is Binance TR?
**What is Aptos (APT)?**
Launched in October 2022 by Avery Ching and Mo Shaikh, Aptos stands as a Layer-1 Blockchain designed to excel in scalability, security, and reliability. Its distinguishing features include the employment of the AptosBFT consensus mechanism bolstered by the Move programming language. This technological framework empowers Aptos to efficiently manage high-volume transactions securely.
Setting itself apart from other Blockchains, Aptos leverages the Move programming language developed by Meta’s Diem team. This innovation enables parallel transaction execution through the Block-STM engine, significantly enhancing transactional efficiency. The network achieves an impressive throughput of 160,000 transactions per second (tps), marking a substantial advancement over traditional Blockchain architectures.
Aptos adopts a modular approach to transaction processing, ensuring both high throughput and low latency. This modular design encompasses critical components such as smart contract execution, consensus mechanism, parallel transaction processing, client interfaces, and validator management. Such versatility ensures flexibility and resilience, catering to the dynamic needs of users.
The AptosBFT consensus mechanism amalgamates elements of Byzantine Fault Tolerance (BFT) and Proof of Stake (PoS). Derived from Meta’s LibraBFT, this mechanism enhances scalability and speed. Validators process transactions in batches, while clients can submit transactions and verify proofs. Staking forms a central part of the consensus process, necessitating ownership of at least 1 million coins to participate, thereby reinforcing trust and security.
Aptos boasts exceptional performance metrics, achieving a transaction speed of 160,000 tps with a block finality time of less than one second. The network has successfully generated over 100 million blocks, with a transaction speed of five seconds per block. Transaction costs on Aptos remain economical, with typical money transfers costing approximately 0.00055 APT and DeFi transactions costing 0.005 APT, resulting in transaction fees of less than $0.01.
The primary asset on Aptos, APT, fulfills multiple roles within the network. It is used for paying transaction fees and network charges, incentivizing validator nodes, and participating in on-chain governance. To become a validator, one must possess at least 1 million APT coins.
**How to Buy Aptos (APT) with TRY?**
For investors in Turkey seeking to acquire Aptos (APT), Binance TR serves as the most suitable cryptocurrency exchange. Binance TR allows swift account creation and offers trading capabilities for over 100 cryptocurrencies, including APT. To purchase Aptos (APT) with Turkish Lira (TRY) on Binance TR, follow the steps below:
**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” option. During the initial stage, input basic details such as email address, phone number, full name, date of birth, nationality, and T.C. identity number.
**How to Verify Your Account on Binance TR?**
Account verification on Binance TR is a crucial security step required before commencing cryptocurrency trading. This process safeguards both users and the exchange. Verification can be completed via the Binance TR website using your phone. Navigate to the “Profile” section, select “Identity Verification and Limits,” and click “Verify.” Follow the prompts to scan the QR code with your phone’s camera to continue the verification process.
**How to Deposit TRY on Binance TR?**
Depositing Turkish Lira (TRY) into your Binance TR account is convenient and available 24/7 from major banks such as Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. For deposits from other banks, transactions up to 50,000 TRY can be processed instantly via FAST, while deposits exceeding this amount are subject to EFT hours.
To deposit funds, visit trbinance.com, hover over the “Wallet” option, and select “Deposit.” Choose your preferred bank from the list and follow the provided instructions to complete the deposit.
**How to Purchase APT Coin with TRY on Binance TR?**
After completing the deposit process, initiate the purchase of APT coin by selecting the “Buy-Sell” option from the top left menu on the Binance TR website. Enter “APT” in the search bar, select the APT/TRY trading pair, and proceed with entering the purchase details. Once confirmed, click “Buy APT” to finalize your transaction.
**What is Binance TR?**
Binance, the world’s largest cryptocurrency exchange by trading volume, introduced Binance TR in 2020 specifically for cryptocurrency investors in Turkey. Headquartered in Istanbul and accessible via trbinance.com, Binance TR leverages Binance’s cutting-edge technology, robust security measures, and liquidity provided through the Binance Cloud infrastructure. The platform facilitates seamless fiat-to-crypto and crypto-to-crypto trading, allowing users to deposit and withdraw Turkish Lira (TRY) via bank channels and trade various cryptocurrencies paired with TRY.
Users on Binance TR benefit from market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls—all supported by Binance’s core functionalities.
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Disclaimer: This article does not constitute investment advice. Cryptocurrencies are subject to high volatility and risk; investors should conduct their own research before making decisions.
