What is Ontology Blockchain? The Most Comprehensive Guide. The world was turned upside down when Satoshi Nakamoto published the Bitcoin whitepaper back on October 31, 2008. Among many things, Bitcoin introduced the world to the blockchain technology. Ever since then, the floodgates have opened, blockchain technology has been adopted by some of the biggest companies in the world. Ethereum showed the world the versatility of blockchain technology.
However, with fast adoption comes problems. The problems come in the fields of scalability and interoperability. Ontology Blockchain, is looking to solve all these and bring blockchains to the next level Before we acquaint ourselves with Ontology, let’s take a closer look at the Scalability and Interoperability problem.
If you’re not already registered on Binance, go to
and create an account...
Then simply click the register button and follow the instructions.
Now you can simply buy crypto using your credit-card or bank account
Simply navigate to this menu by clicking “your mail” in the top banner and then simply click “Buy/Sell Crypto”.
Next you’ll be sent to this screen, here you can either choose to enter the amount of crypto you want, with the choice of Bitcoin (BTC), Ripple (XRP), Binance Coin (BNB), Ethereum (ETH) and Litecoin (LTC) or you can choose to enter the exact amount of USD or EUR you want to spend on your purchase.
Once you’ve entered your order simply click “Buy now” and you’ll then be presented with instruction for the KYC-program of Simplex (Binance’s partner) which is shorthand for Know-Your-Customer. This is a necessary part of being allowed buy crypto through established exchanges and the same thing is required by other exchanges such as Coinbase and Kraken.
After placing your order you’ll receive your crypto in a matter of minutes! Last time I made a purchase it took about 15 minutes for it to show up, but your experience may vary depending on the load of the network! So don’t worry if yours doesn’t show up immediately.
İn this article we wanted to buy some COSMOS, I would click “Exchange” in to upper left-hand corner, then “BTC Markets” since I bought Bitcoin using my credit-card, and then click “ATOM” because that’s what I want!
Now there’s a metric ton of coins on Binance, so if you cannot find the one you want simply use the search function on the right-hand side of the screen to search for whatever you want!
That’s it, now you’ve successfully completed a transaction between — in this case — Bitcoin and Ontology. This process is 100% identical for all other pairs of coins!