Five basic features of a cryptovalut:
Independence: Cryptovalutes have no issuer (e.g. central bank, like national currencies), are not controlled by governments, organizations, or
private companies.
Decentralisation: the network consists of nodes with identical rights, each user having access to the Internet and adequate space.
the disk must be able to create its own node.
Open-source: Crypted source code is open-source, anyone can browse it, propose changes and use it for their needs
At the same time ensuring privacy: the crypted blockchain network is public, anyone can check the transaction, the balance of a given public address. Crypted users do not need to verify their identity with any documents, they are pseudo-anonymous
Resistance to censorship: cryptographers are not centrally controlled, no one can prohibit or block specific transactions within the network
Cryptovalutes also don't give in to inflation
What is a crypto?
A cryptovalued is a value exchange unit that always occurs in the digital version in the form of lines of source code.
It is also tax free, but it contains, for example, the minimum exchange fee on which you sell a crypted one
What is an exchange
An exchange is a place where the buying and selling of a given cryptovalued entity at a certain price takes place.
A sold cryptovalue is transferred to your virtual wallet where you get it in your chosen currency.
e.g:
PLN
USD