When you see a Bitcoin machine in Indianapolis, you are seeing the most recent step in a process that has been playing out for several decades. All the way back in the late 90s, the concept of cryptocurrencies was first discussed. It would take more than a decade for the first cryptocurrency, which was Bitcoin, to become a reality.
From a user’s perspective, buying, selling, or investing in Bitcoin is no different than using any other mobile app for payment. You have your Bitcoin wallet, and you can either send or receive Bitcoin. For most people, this is going to be the extent of their interaction with a Bitcoin machine in Indianapolis. While they use the Bitcoin ATM, they can exchange cash for Bitcoin.
Behind the scenes, Bitcoin has a complicated shared public ledger that is known as the blockchain. This ledger has each and every transaction processed using Bitcoin. The authenticity of the transactions is protected using digital signatures that correspond to the address sending them. This means that as a user you have 100 percent control over when you send Bitcoin from your own Bitcoin address.
This control in and of itself is one of the reasons why more Indianapolis residents see Bitcoin as a viable option. It saves them money as well. They don’t have to worry about banking fees when performing transactions.
Learn more about Bitcoin and see how RockItCoin Bitcoin ATM is helping people get access to cryptocurrencies by distributing trustworthy kiosks when you visit their website.
