Zilliqa is a non-permissioned, general-purpose blockchain network-based cryptocurrency. Known for its most significant feature of processing thousands of transactions per second, Zilliqa aims to solve the scalability issues that plague most blockchain networks. It leverages sharding technology as a second-layer solution, enhancing its capability for high transaction throughput.
What is Zilliqa Coin?
So, what makes Zilliqa Coin so special? Sharding technology, which has frequently been discussed in previous years, is not exclusively used by ZIL Coin but also by other cryptocurrencies and blockchain networks. Sharding enables transaction capacities per second that many blockchain networks cannot achieve, effectively solving the scalability issue.
As of October 2020, Zilliqa Coin took a step towards the DeFi sector, supporting staking and yield farming. The project, which started development in 2017, quickly entered the list of the top 100 cryptocurrencies, indicating its successful progression.
ZIL Coin continually expands its use-cases with solutions aimed at supply chain management. So, how exactly does one acquire Zilliqa Coin? Purchasing ZIL Coin through the Binance cryptocurrency exchange is the straightforward approach.
How to Buy Zilliqa Coin?
So, how and where exactly does one buy ZIL Coin? As expected, it can be purchased through Binance.
- To buy ZIL, first, deposit USD balance to the exchange or buy a cryptocurrency that can be used instead. For this, go to the Binance homepage, click on the “Buy Crypto” option in the top left corner, and then the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to trade, and then choose Tether, i.e., USDT, in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option again in the top left and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, enter ZIL in the search button, and select the ZIL/USDT pair that appears below.
- Then, go to the middle “BUY ZIL” tab, enter the amount you want to buy.
- Enter the desired amount and confirm the transaction to complete the ZIL purchase.
