Celestia (TIA) specializes in data availability by adopting a modular approach to solve scalability issues of traditional monolithic blockchains like Bitcoin and Ethereum. This allows developers more flexibility and cost-effectiveness while enabling any Layer 2 Blockchain to publish transaction data interoperably. Despite being in its early stages, Celestia aims to make significant strides in blockchain scalability with ambitious goals such as increasing block size and supporting millions of rollups and nodes.
What is Celestia (TIA)?
Blockchain scalability is a well-known challenge often defined by the blockchain trilemma, emphasizing trade-offs between decentralization, scalability, and security. Traditional blockchain networks like Bitcoin and Ethereum struggle with scalability due to their monolithic structures, handling all tasks such as execution, settlement, consensus, and data availability within the same chain. As data volume increases in these networks, data availability becomes a bottleneck for scalability, forcing compromises on decentralization or security.
To address this issue, modular blockchains like Celestia focus on specific tasks while leaving others to separate chains. For example, Celestia specializes in data availability by ensuring transaction data is accessible and verifiable without needing full nodes to store the entire blockchain. It achieves this through erasure coding and data availability sampling, making it highly scalable.
Celestia’s modular approach offers various advantages, including greater accessibility for developers to experiment with customized blockchains and applications. It also reduces the overhead associated with blockchain and backup distribution, making it more cost-effective. Additionally, Celestia promotes interoperability by allowing any Layer 2 blockchain network or rollup to publish transaction data independently of the main network used for consensus.
Despite its innovative approach, Celestia is still in its early stages and may face challenges such as occasional instability or low performance. Moreover, it competes with already efficient monolithic blockchains like Solana. However, Celestia has ambitious goals, including increasing block size, supporting one million rollups, and having one billion light nodes running on smartphones.
How to Buy Celestia (TIA) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Celestia (TIA). More than 100 cryptocurrencies, including TIA, can be traded on Binance TR, where accounts can be quickly created. To buy Celestia (TIA) 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. Visit the trbinance.com website and proceed from the “Create Account” step. In the first step of account creation, 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, an email/SMS verification will be conducted to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify Your 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 choose to complete the verification process from your phone or through the official Binance TR website. Note that you will need your phone to verify your identity on 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 “Verify.” Next, 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, click the “Copy URL” option to send the identity verification address 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. Continue by first tapping the “Identity” option.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, tap the “Upload Front” option to continue. After taking a photo of the front side of the document according to the selected document type, tap the “Upload Back” option and take a photo of the back side of the document. Ensure the images are clear and the information in the photos is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Ensure your face fills the camera area as much as possible once 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 uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts. Deposits over 50,000 TL from other banks are processed within EFT hours. Deposits up to 50,000 TL from other banks can be made 24/7 via FAST.
To deposit money into your Binance TR account, first go to the trbinance.com website, hover over the “Wallet” option at the top left of the homepage, and click the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all banks. When you click 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 transfer the amount you want to deposit into your Binance TR account using the information shown on the bank’s page via transfer, EFT, or FAST.
After your bank completes the transfer, the funds you sent will automatically reflect in your Binance TR account wallet.
How to Buy TIA Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to TIA coin purchase step by clicking the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking this option, the following page will open. On this page, type “TIA” in the search box on the right side and click the TIA/TRY option from the results to go to the TL to TIA purchase page.
Now the following TIA trading page will open. In the red-marked area on this page, enter the price at which you want to buy TIA in the first box and the number of TIA you want to buy in the second box. After entering the amount, click the “Buy TIA” button to complete your purchase.
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 trading services from fiat to crypto and crypto to crypto. 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 can access market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
