Ocean Protocol Enables Secure and Transparent Data Sharing

Ocean Protocol (OCEAN) is a revolutionary Blockchain-based platform that facilitates secure and transparent data exchange. Setting itself apart with a decentralized marketplace for data assets and services, Ocean Protocol enables secure and transparent data exchange for individuals and organizations. This article delves into two key questions: What is Ocean Protocol (OCEAN) and how can one purchase Ocean Protocol (OCEAN) using Turkish Lira?
What is Ocean Protocol (OCEAN)?
Ocean Protocol represents a decentralized protocol operating on the Ethereum Blockchain, aimed at addressing challenges related to data sharing and monetization. The protocol empowers data owners, publishers, and consumers to engage in a secure and transparent marketplace where data assets are tokenized as ‘datatokens’ and seamlessly traded. Dive into the latest technology news on NEWSLINKER.
Comprising of data publishers, data consumers, and the Ocean Market, Ocean Protocol is a multifaceted platform that transforms data into NFTs, making them available for sale on the Ocean Market. Data consumers utilize DataTokens to access and purchase data sets from this marketplace. The Ocean Market acts as the intermediary facilitating the seamless exchange of data assets between data publishers and consumers.
Ocean Protocol introduces various innovative features that distinguish it in the data-sharing landscape:
– Web3 Development: Ocean Protocol fuels the advancement of Web3, a decentralized internet network.
– OCEAN Marketplace: A decentralized exchange (DEX) for data empowers data providers to sell and provide access to their data sets.
– Data Tokenization: Data tokenization converts data sets into Ethereum ERC-20 tokens, enabling clients to access and trade data assets.
– Collaboration: Ocean Protocol collaborates with esteemed organizations and countries like Gaia-X and BMW to bolster network adoption.
Balancing data commercialization and privacy protection, Ocean Protocol offers a suite of products including the data ecosystem platform and data marketplace, providing users with tools to securely upload, store, regulate access to, and monetize their data. However, limitations include reliance on the Ethereum network, limiting usability for users on other networks, and inherent scalability challenges of the Ethereum Blockchain.
How to Buy Ocean Protocol (OCEAN) with TRY?
For investors in Turkey seeking to purchase Ocean Protocol (OCEAN), Binance TR proves to be the optimal cryptocurrency exchange. Binance TR offers trading of over 100 cryptocurrencies, including OCEAN, with a swift account setup process. Follow the steps below to buy Ocean Protocol (OCEAN) with Turkish Lira on Binance TR.
How to Open an Account on Binance TR?
Creating an account on Binance TR is a straightforward process. Visit trbinance.com and progress from the “Create Account” section. During the initial account creation step, provide basic details such as email address, phone number, name, date of birth, nationality, and Turkish ID number.
After furnishing the required information accurately, email/SMS verification will be conducted to validate the details. Subsequently, proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is a crucial security measure that must be completed before initiating cryptocurrency trading and during account setup. This verification process is imperative for safeguarding both the user and the cryptocurrency exchange. Identity verification can be completed either via phone or the official Binance TR website. Note that even if you choose to verify through the website, you will need your phone.
At the Binance TR website, hover over the “Profile” tab at the top right, select “Identity Verification and Limits” from the drop-down menu, and click on “Verify.” Following this step, you will be required to scan the QR code displayed using your phone’s camera and proceed with the verification process on your phone. If scanning the QR code is not feasible, click on “Copy URL” to receive the identity verification link via SMS on your phone.
Upon entering the link on your phone or scanning the QR code, a screen similar to the one below will appear. Tap on the “Identity” option to proceed.
Subsequently, a screen akin to the one below will surface. Opt for the appropriate document type to continue with the verification process.
After selecting the document type, tap on “Upload Front Side” to proceed. Capture a photo of the front side of the document as per the selected document type, then tap on “Upload Back Side,” capture a photo of the back side of the document, and upload it. Ensure that the images are clear and the information is legible when capturing photos of the front and back sides of your ID card or driver’s license.
Proceed to the “Selfie” option. Your phone’s front camera will activate, prompting you to scan your face. Position your face within the camera area as best as possible once the camera is activated.
Upon accurately completing all these steps, your identity verification process will be finalized promptly.
How to Deposit TL on Binance TR?
Depositing Turkish Lira into your Binance TR account is hassle-free and can be done from all banks. You can deposit TL round the clock and conduct uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 using FAST. Deposits exceeding 50,000 TL from other banks are processed during EFT hours.
To deposit funds into your Binance TR account, navigate to trbinance.com, hover over the “Wallet” section at the top left of the homepage, and select the “Deposit” option from the drop-down menu.
Next, a page resembling the one below will appear, enabling you to proceed with the deposit process by choosing your preferred bank. If your bank is not integrated with Binance TR yet, continue by clicking on the “Other Banks” option.
In this instance, we will continue using Vakıfbank, but the process remains the same for all other banks. Upon selecting the Vakıfbank option, you will be presented with an account name and IBAN address for transfer, EFT, or FAST. Simply transfer the desired amount into your Binance TR account using the information provided on your preferred bank’s page.
Once your bank processes the transfer, the funds will automatically reflect in your Binance TR account wallet.
How to Buy OCEAN Coin with TL on Binance TR?
After depositing funds, proceed to purchase OCEAN coin with Turkish Lira by selecting the “Buy-Sell” option in the top left menu on the Binance TR website.
Following this selection, you will be directed to the purchase page. Type “OCEAN” in the search bar on the right side of the page, then click on the OCEAN/TRY option from the results to access the OCEAN purchase page.
Subsequently, the OCEAN trading page will load. Enter the desired price for purchasing OCEAN in the first box highlighted in red, and input the quantity of OCEAN you wish to purchase in the second box. After entering the requisite details, finalize your purchase by clicking the “Buy OCEAN” button.
What is Binance TR?
In 2020, Binance, the world’s leading cryptocurrency exchange in terms of trading volume, introduced its platform Binance TR for cryptocurrency enthusiasts in Turkey. Headquartered in Istanbul, the cryptocurrency exchange can be accessed at trbinance.com.
Binance TR leverages Binance’s cutting-edge technology, stringent security measures, and liquidity provided by the Binance Cloud infrastructure to offer fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish Lira (TRY) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Supported by Binance’s core functionalities, Binance TR provides users with access to top-notch spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls.
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Disclaimer: The information presented in this article does not constitute investment advice. Investors should be cognizant of the high volatility and associated risks of cryptocurrencies and conduct thorough research before making investment decisions.