The roots of Ethereum can be traced back to a team of four people at a Swiss company back in 2014. It was initially a crowd-funded project where people bought an Ethereum value token called and ether. They bought the ether using another type of digital currency called bitcoin.
The Characteristics of Ethereum
The validity of any cryptocurrency is provided by a blockchain. A blockchain is a list of records that is continuously growing. They are secured with cryptography and resistant to modification.
It is a little different from bitcoin in that Ethereum uses state transitions, and it does not rely on UTXOx (unspent transaction outputs.) To spend or receive Ether, you need a cryptocurrency wallet that will store your “keys.” An Ether account isn’t linked to a person but is instead linked to an address.
Ethereum in Philadelphia
For those that live in the Philadelphia metro area, selling and withdrawing Ethereum is now possible at RockItCoin ATMs! There are currently seven different ATM locations doting the city, and some of our most popular ones can be found at:
- Look At Me Now Barber Shop & Beauty Salon- Located on S 69th Street and open from 9 am-9 pm every day except Sunday. This is a one-way, buy-only kiosk that supports Ethereum and other major cryptocurrencies.
- Sunoco- Located on Ridge Ave and open from 24 hours a day. This is a one-way kiosk that supports Ethereum and other major cryptocurrencies.
- Ten Minute Oil Change- Located on Roosevelt Blvd and open 24 hours per day. This is a one-way kiosk that supports Ethereum and other major cryptocurrencies.
- Shell- Located on E Hunting Park Ave and open 24 hours per day. This is a one-way kiosk that supports Ethereum and other major cryptocurrencies.
- PNP Gas & Food Mart- Located on Rising Sun Avenue and open 24 hours per day. This one-way kiosk supports Ethereum and other major cryptocurrencies.
- American Auto Wash- Located on Scattergood Street and open 24 hours per day. This is a one-way kiosk that supports Ethereum and other major cryptocurrencies.
RockItCoin and Ethereum
RockItCoin wants to make cryptocurrency understandable and accessible to those that live in Pennsylvania and the rest of the country which is why we have ATMs where you can buy and sell Ethereum in the Philadelphia area. You can find your nearest kiosk in the city or anywhere else you happen to be by using our interactive map. If you have any questions on using an ATM, feel free to call or text us at 1-888-70-BITCOIN.
