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The official Bitbns App is now available:
Buy Zilliqa (ZIL) in India
How to Buy Zilliqa (ZIL) in India
Register and Sign up on Bitbns.
Fill in your details like email ID, and phone number.
Check the box 'I agree to Bitbns Terms of Service’.
Click on ‘Register’.
Upload a scanned copy of your Aadhaar card and PAN card for KYC verification.
Fill in your bank details.
An OTP would be sent to your registered phone number and email ID for further verification.
Enter the OTP and click on submit.
Enabling 2-Factor authentication for making withdrawals is mandatory.
Download Google Authenticator from google play.
Enable 2-factor authentication and secure your account.
A private key is provided to you, as you enable 2-factor authentication. This key should be properly saved (apart from being saved on user’s device), as it facilitates in tracking the account back in case of system failure. It also provides more security against lost devices and system hacks.
Scan the QR code using the Google authenticator and enter the OTP to authenticate.
Upon submission, login to your account.
Deposit INR into your account to start buying Zilliqa.
You can use NEFT/RTGS/IMPS for transferring funds to your Bitbns account.
You also get an option to make an intra-transfer of your crypto coin, Zilliqa (ZIL) between other crypto wallets, in the Bitbns account within 10 minutes.
Enjoy Lucrative Trading of Zilliqa at Bitbns.
About Zilliqa (ZIL)
Zilliqa is a new platform and one of the first public blockchains that is designed to implement sharding. This feature allows linear scaling with the increasing size of the blockchain.
While scalability is a major issue with existing blockchain technologies, Zilliqa changes the way blockchain reaches consensus. Ideally, there is no limit to the number of transactions that Zilliqa can process per second. But, depending on the nodes, Zilliqa can process thousands of transactions per second. Zilliqa also supports smart contracts, but running smart contracts on a sharded network is a major challenge for Zilliqa.
Zilliqa’s Take on Scalability Problem
Scalability is a key challenge for existing blockchain technologies. The more nodes on the network, the harder to reach the consensus. Other solutions focus on increasing the block size or moving some information off-chain, in order to effectively establish consensus on more transactions. However, these solutions don’t fundamentally fix the scalability issue.
Zilliqa involves re-imagining the blockchain from scratch. Their new model implements a hybrid consensus protocol. This protocol facilitates the network’s throughput to grow with every 600 new nodes that join.
Bitbns is one of the top performing crypto trading exchanges in India that boasts a stronghold in the crypto market today. Since its inception, the young trading platform has launched multiple cryptocurrencies and even announced various money-spinning flash sales for the investors. The overall response from the traders, buyers and investors has been commendable.
This is the reason that the young exchange keeps launching new crypto coins very frequently. If you also wish to buy Zilliqa and trade it at lucrative prices, then sign up with Bitbns today.