It's a functional decentralized value transfer system. Computerized systems can create wallets and transact without the consent of a third party. Properly secu

It's a functional decentralized value transfer system. Computerized systems can create wallets and transact without the consent of a third party. Properly secured cryptocurrency cannot be seized without the consent of the owner. Edit: your edit is nonsensical - there is no blockchain without crypto - blockchains do not function with the financial incentive because that's what makes potentially-adversarial actors cooperate.