Zilliqa is a blockchain platform focused on scalability and security. Through the sharding process, native programming language, and governance mechanism, Zilliqa aims to create a robust ecosystem for decentralized applications (dApps) and cryptocurrencies. In this article, you can find answers to two frequently asked questions: What is Zilliqa (ZIL) and how to buy Zilliqa (ZIL) with TRY.
What is Zilliqa (ZIL)?
Zilliqa is a Blockchain network designed to enhance scalability using a process called sharding. Sharding involves splitting the network into smaller interconnected Blockchain segments, allowing more transactions to be processed simultaneously. This approach distinguishes Zilliqa from other Blockchains like Ethereum, Tron, and EOS.
One of Zilliqa’s most important features is its security-focused native programming language, Scilla. Developers can use Scilla to create decentralized applications (dApps) that mimic 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 crucial role in the network. It is used to run programs, send transactions, and incentivize network participants who support the network. This incentive is essential for maintaining the integrity and security of the Blockchain.
The network’s sharding process allows transactions to be processed more efficiently. Each shard acts as its own Blockchain and processes 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 uses the Practical Byzantine Fault Tolerance (pBFT) governance mechanism. This mechanism ensures that the distributed computer network remains synchronized. Nodes participating in the network must stake ZIL coins to operate and vote on changes. Once a consensus is reached among the nodes, transactions are validated, and nodes are rewarded with a portion of the block reward.
How to Buy Zilliqa (ZIL) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Zilliqa (ZIL). Over 100 cryptocurrencies, including ZIL, can be bought and sold quickly on Binance TR. To buy Zilliqa (ZIL) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. You need to go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. First, continue by tapping on the “Identity” option.
Then a screen like the one below will open. To continue with the verification process, first select the document type that is suitable for you.
After selecting the document type, continue by tapping on the “Upload Front Side” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible after the camera opens.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make seamless 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 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com and hover over the “Wallet” option in the top left corner of the homepage, then click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue with the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ZIL Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of buying ZIL coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. You can go to the ZIL/TRY purchase page by typing “ZIL” in the search box on the right side of this page and clicking on the ZIL/TRY option from the results.
Now the ZIL trading page will open as shown below. In the red-marked area on this page, you need to enter the price at which you want to buy ZIL in the first box and the number of ZIL you want to buy in the second box. After entering the amount, you can complete your purchase by clicking on the “Buy ZIL” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities through Binance TR.
