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Submit a ProposalDecentralized Finance and the End of Traditional Banking
 | Edited by Jyoti Verma, Amandeep Singh and Gagandeep Copyright: 2025 | Expected Pub Date:2025/09/30 ISBN: 9781394271771 | Hardcover | 386 pages |
One Line Description
This book provides the essential knowledge needed to navigate the revolutionary future of finance with confidence through its comprehensive and accessible exploration of decentralized finance.
Audience
Academics, finance professionals, policymakers and regulators working with decentralized finance to revolutionize the world of banking.
Academics, finance professionals, policymakers and regulators working with decentralized finance to revolutionize the world of banking.
Description
This book is an in-depth exploration of the transformative power of decentralized finance (DeFi) and its potential to revolutionize the global financial system through in-depth analyses of the rise of DeFi, covering a wide range of topics such as cryptocurrencies, blockchain technology, smart contracts, decentralized exchanges, stablecoins, governance, and more. The volume offers readers a comprehensive understanding of the various aspects and components of the decentralized finance ecosystem. Adopting a forward-looking approach, the book examines the long-term implications for the financial industry, regulatory bodies, and the global economy. It explores the potential consequences of this paradigm shift, equipping readers with the knowledge to navigate the future of finance with confidence. By striking a balance between technical accuracy and accessibility, this book ensures that readers from various backgrounds will gain a comprehensive understanding of the complex concepts associated with DeFi.
Readers will find the book:
• Introduces the emerging DeFi ecosystem and its potential to transform the financial industry, providing a glimpse into the future of finance;
• Provides practical advice on how to invest in DeFi and navigate the rapidly evolving landscape, offering insights into the DeFi revolution and how to generate higher returns;
• Offers a comprehensive, in-depth exploration of the technologies driving DeFi, from blockchain technology to smart contracts;
• Explains how DeFi is challenging the traditional banking model and disrupting the financial industry, making it a must-read for anyone interested in the future of finance.
Back to Top
This book is an in-depth exploration of the transformative power of decentralized finance (DeFi) and its potential to revolutionize the global financial system through in-depth analyses of the rise of DeFi, covering a wide range of topics such as cryptocurrencies, blockchain technology, smart contracts, decentralized exchanges, stablecoins, governance, and more. The volume offers readers a comprehensive understanding of the various aspects and components of the decentralized finance ecosystem. Adopting a forward-looking approach, the book examines the long-term implications for the financial industry, regulatory bodies, and the global economy. It explores the potential consequences of this paradigm shift, equipping readers with the knowledge to navigate the future of finance with confidence. By striking a balance between technical accuracy and accessibility, this book ensures that readers from various backgrounds will gain a comprehensive understanding of the complex concepts associated with DeFi.
Readers will find the book:
• Introduces the emerging DeFi ecosystem and its potential to transform the financial industry, providing a glimpse into the future of finance;
• Provides practical advice on how to invest in DeFi and navigate the rapidly evolving landscape, offering insights into the DeFi revolution and how to generate higher returns;
• Offers a comprehensive, in-depth exploration of the technologies driving DeFi, from blockchain technology to smart contracts;
• Explains how DeFi is challenging the traditional banking model and disrupting the financial industry, making it a must-read for anyone interested in the future of finance.
Back to Top
Author / Editor Details
Jyoti Verma, PhD is an associate professor in the Chitkara Business School at Chitkara University. She has authored one book, edited two books, numerous book chapters, and over 30 research papers in various national and international journals and conferences. Her core expertise is in the areas of service quality, blockchain, and behavioral finance.
Jyoti Verma, PhD is an associate professor in the Chitkara Business School at Chitkara University. She has authored one book, edited two books, numerous book chapters, and over 30 research papers in various national and international journals and conferences. Her core expertise is in the areas of service quality, blockchain, and behavioral finance.
Amandeep Singh, PhD is a professor in the Chitkara Business School at Chitkara University with over 16 years of teaching experience. He has published 48 research papers in various journals and conferences and edited over 10 books. His main areas of research are consumer sciences and business innovations.
Gagandeep, PhD is an assistant professor in marketing at Chitkara University with over 14 years of research and teaching experience. He has published over ten research papers. His areas of interest include marketing research, research methodology, management science, applied operations research, marketing management, and strategic management.
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Table of Contents
Preface
Part I: Fundamentals of Cryptocurrency and Blockchain Technology
1. Introduction to Cryptocurrency and Blockchain
Vinita Choudhary, Neha Kamboj and Sonal Trivedi
1.1 Introduction
1.2 Introduction to Blockchain
1.2.1 Meaning of Blockchain Technology
1.2.2 Development of Blockchain Technology
1.2.3 Key Aspects of Blockchain Technology
1.2.4 Adoption of Blockchain Technology
1.2.5 The Issues Related to Blockchain Technology
1.3 Introduction to Cryptocurrency
1.3.1 Characteristics of Cryptocurrency
1.3.2 Comparison of Cryptocurrency with Other Assets
1.3.3 Features of the Indian Crypto Market
1.3.4 Indian Cryptocurrency Market Development and History
1.3.5 Indian Crypto Exchanges
1.3.6 Regulation of Cryptocurrency Market in India
1.3.7 Impact of Indian Cryptocurrency Market
1.4 Bitcoin
1.5 Conclusion
References
2. A Journey Into the World of Cryptocurrency and Bitcoin Technology
Anju Rohilla, Priya Jindal and Ansh Jindal
2.1 Introduction
2.2 Statement of Problem
2.3 Literature Review
2.4 Cryptocurrency
2.5 Characteristics of Cryptocurrency
2.6 Problems Associated with Traditional Banking
2.7 Evolution of Cryptocurrency
2.8 Major Phases of Bitcoin (Cryptocurrency) Development
2.9 Cryptocurrency Proven as Solution to the Problembof Tradition Financial System
2.10 Advantages of Cryptocurrency
2.11 Categories of Cryptocurrency and Their Applications
2.12 The Implications of Cryptocurrency
2.13 Challenges
2.14 Conclusion
References
Part II: Evolution and Disruption in Finance
3. Traditional Finance vs. Decentralized Finance: A Comparative Analysis
Divya Bansal and Naboshree Bhattacharya
3.1 Introduction
3.1.1 Traditional Approach to Financial Management
3.2 The Modern Approach to Financial Management
3.3 Alternative Financing and Risks
3.4 Crowdfunding
3.5 Traditional Finance Theory and Decision-Making Models
3.6 Decentralized Finance
3.6.1 Main Components of DeFi
3.6.2 Benefits of DeFi
3.6.3 Risks and Limitations in DeFi
3.6.4 Key Metrics
3.7 Decentralized Finance and Traditional Finance
3.7.1 The Main Distinctions Are
3.8 Identifying and Managing Risk in Decentralized Finance
3.9 Conclusion
References
4. Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions
Rakhi Arora and Animesh Singh
4.1 Introduction
4.2 Review of Literature
4.3 Objectives
4.4 Methodology
4.5 Transformation of Banking Sector: A Way to Digital Banking
4.5.1 Phase 1 (1991–2000): Liberalization and Modernization
4.5.2 Phase 2: Digital Integration and Financial Inclusion (2000–2010)
4.5.3 Phase 3: FinTech Disruption and Innovation (2010–2020)
4.5.4 Phase 4: Consolidation and Future Outlook (2020 onward)
4.5.5 Competitive Rivalry
4.5.6 Adoption of Latest Technology
4.5.7 Market Positioning
4.6 Trends in Digital Banking
4.6.1 Mobile Banking
4.6.2 Digital Wallet
4.6.3 Social Media
4.6.4 Biometrics
4.6.5 Cloud
4.6.6 Peer-to Peer (P2P) Lending and Payments
4.6.7 Blockchain
4.7 Challenges of Digital Banking
4.7.1 Cybersecurity Issues
4.7.2 Customer Education and Adoption
4.7.3 Regulatory Compliance
4.7.4 Technical Infrastructure and Integration
4.7.5 Customer Trust and Data Privacy
4.7.6 Operational Resilience
4.8 Conclusion
References
5. The Meltdown Effect: Financial Crises and the Global Economic Ripple
Mukul Bhatnagar, Sanjay Taneja, Pawan Kumar and Ercan Ozen
5.1 Introduction
5.1.1 Background
5.1.2 The Question and Problem of Research
5.1.3 Importance of the Research
5.2 Anatomy of Financial Crises
5.3 Historical Case Studies
5.4 Global Economic Impact
5.5 Policy Responses and Mitigation Strategies
5.6 Global Resilience and Recovery
5.6.1 Resilience Factors
5.6.2 Global Recovery Efforts
5.7 Conclusion
References
Part III: The Prospective of Decentralized Finance and Its Components
6. The Prospective of Decentralized Finance and Its Impact on Traditional Banking
Vivek Sharma and Sanjay Taneja
6.1 Introduction to Decentralized Finance
6.2 Market Size of Decentralized Finance Market
6.3 Brief Historical Background of DeFi
6.4 Key Features
6.5 Concept of Smart Contracts
6.6 Key Applications of Smart Contracts
6.7 Adaptability of Decentralized Finance Across the Globe
6.8 Some Other Types of Financial Systems
6.9 Benefits of Decentralized Finance
6.10 Risks and Challenges Posed by Decentralized Finance
6.11 Opportunities of Decentralized Finance in the Banking World
6.12 Conclusion
References
7. Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance
Arvinder Kaur, Harmanpreet Kaur and Aarti Dangwal
7.1 Introduction
7.2 Decentralized Applications (dApps) Categories
7.3 Centralized vs Decentralized Finance
7.4 Comparison of Traditional Financial System and Decentralized Finance System
7.5 Centralized Exchange vs Decentralized Exchange
7.5.1 Decentralized Exchange
7.5.2 Centralized Exchange
7.6 Conclusion
References
8. Crypto Airdrops: Marketing Tool for Cryptocurrency Markets
Shivani Inder
8.1 Introduction
8.2 Concept of “Crypto Airdrops”
8.3 Crypto Airdrops: A Marketing Tool
8.4 Discussion
8.5 Concluding Remarks
References
9. Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift
Jyoti Verma, Anjali Sharma and Gagandeep
9.1 Background
9.2 Decentralized Exchanges (DEXs)
9.2.1 Core Principles of Decentralized Exchanges
9.2.2 Types of Decentralized Exchanges
9.3 Comparative Analysis Between Decentralized Exchanges and Centralized Exchanges
9.4 Advantages of Decentralized Exchanges (DEXs)
9.5 Growing Trend of Decentralized Exchanges
9.6 Challenges and Risks Associated with DEXs
9.7 Implications for the Global Economic System
9.8 Conclusion
References
10. Stablecoins: The Cornerstone of DeFi
Reepu, Pawan Kumar, Sanjay Taneja and Ercan Ozen
10.1 Introduction
10.2 Types of Stablecoins
10.2.1 Fiat-Backed Stablecoins
10.2.2 Crypto-Backed Stablecoins
10.2.3 Algorithmic Stablecoins
10.3 Importance of DeFi
10.4 Use Cases in DeFi Protocols
10.5 Challenges and Risks with Stablecoins
10.6 Future Developments
10.7 Conclusion
References
11. Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing
Nikhil Modi and Sridhar Manohar
11.1 Introduction
11.2 Traditional Investment and Trading Opportunities
11.2.1 Based on Financial Assets
11.2.2 Based on Physical Assets
11.2.3 Based on Marketable Assets
11.3 Trust and Transparency in Blockchain Technology
11.4 Growth of Cryptocurrency
11.5 Financial Freedom and Asset Growth Opportunity
11.6 Stable and Altcoins
11.7 Factors Affecting Investment Behaviors
11.8 Role of Speculators and Traders in Volatility
11.9 Stock Trading and Crypto Trading
11.10 Machine Learning Techniques in Price Predictions
11.11 Global and Emerging Economy Millennial Investment Interests
11.12 Implications
11.13 Conclusion with Future Research
References
Part IV: Governance, Future of Banking and Consumer Perspectives
12. Decentralized Finance’s Governance—A Review of Decentralized Autonomous Organizations
Shikha Singh, Deepa Gupta, Mukul Gupta and Roshan Kumar
12.1 Introduction
12.2 Evidence and Consequences of Unregulated Governance
12.3 Essential Elements of DeFi Governance
12.4 Decentralized Autonomous Organizations (DAOs)
12.4.1 Leading DeFi DAOs: Maker DAO
12.4.2 The Voting Procedure and Governance Structure of Maker
12.4.3 Leading DeFi DAOs: Synthetix
12.4.4 The Leading DeFi DAO: Metronome
12.5 Governance Tokens’ Role in DeFi
12.5.1 veTokens
12.5.2 Case Studies in DeFi Governance
12.6 Challenges and Future for DeFi Governance
12.7 Implications for Managers and Practitioners
12.8 Conclusion
References
13. Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model
Rashmi Aggarwal, Tanvi Verma, Ishaan Sharma, Ashwin Kumar and Jatin Verma
13.1 Introduction
13.2 The Current State of UPI 229
13.3 How the UPI Infrastructure Works
13.4 How UPI Dethroned the Status Quo
13.5 Analyzing the Cost of Running the UPI System
13.6 Exploring the Possibility of an MDR System
13.7 Conclusion
References
14. Perspectives of Consumers Toward Cashless Transactions
Priya Jindal and Deepa Sharma
14.1 Introduction
14.2 Cashless Payment Methods
14.3 Current Status of Cashless Economy on a Global Level
14.4 Importance of Cashless Transactions
14.5 Challenges to Cashless Transactions
14.6 Digital Payment Development
14.7 Perspectives of Consumers Toward Cashless Transactions
14.8 Recommendations
14.9 Scope of Future Research
14.10 Conclusion
References
15. Bitcoin Ascent: Fueling the DeFi Revolution
Harmanpreet Kaur and Arvinder Kaur
15.1 Introduction
15.1.1 Definition of Bitcoin
15.1.2 Blockchain Technology
15.1.3 Decentralization
15.1.4 Mining
15.1.5 Bitcoin Wallets
15.1.6 Bitcoin Transactions
15.1.7 Supply Limit
15.1.8 Volatility and Price
15.1.9 Use Cases
15.1.10 Adoption and Regulation
15.2 Pre-Bitcoin Financial Landscape
15.2.1 Centralized and Traditional Finance
15.3 Glimpse About Bitcoin
15.3.1 Whitepaper Publication (August 2008)
15.3.2 Genesis Block and Mining Begins
15.3.3 First Bitcoin Transaction
15.3.4 Early Development and Mining
15.3.5 Bitcoin Software Release
15.3.6 Creation of BitcoinTalk Forum
15.3.7 First Exchange Right
15.3.8 Widespread Adoption and Growth
15.4 Rise of Bitcoin
15.4.1 Early Days and Genesis of Bitcoin (2009–2012)
15.4.2 First Major Price Surge (2013)
15.4.3 Mt. Gox Collapse and Regulatory Development (2014–2015)
15.4.4 Bull Market and Mass Adoption (2016–2017)
15.4.5 Price Explosion and Market Maturation (2017–2019)
15.4.6 Resurgence and Widespread Recognition
15.5 Bitcoin’s Impact on Finance
15.5.1 Decentralization and Innovation
15.5.2 Financial Inclusion
15.5.3 Hedging Against Inflation and Store of Value
15.5.4 Diversification
15.5.5 Blockchain Technology Development
15.5.6 Rise of Cryptocurrency Exchanges
15.5.7 Empowerment of Individuals
15.5.8 Financial Awareness and Education
15.6 Future of DeFi and Bitcoin
15.6.1 Increased Adoption and Store of Value
15.6.2 Cross-Chain Solutions and Institutional Adoption
15.6.3 Enhanced Security Measures
15.6.4 Layer 2 Solutions
15.6.5 Regulatory Evolution
15.6.6 Innovation in Product and Services
15.6.7 Global Financial Inclusion
15.7 Conclusion
References
16. Future of Decentralized Finance—Disruption of the Global Banking System
Divya Bansal and Naboshree Bhattacharya
16.1 Introduction
16.2 Overview of DeFi
16.3 DeFi and Central Banking System
16.4 DeFi and Banks
16.5 Risk Associated with DeFi
16.5.1 Technology Risk
16.5.2 Liquidity Risk
16.5.3 Product Risk
16.6 Decentralized Financing is the Future
16.7 Conclusion
References
Part V: Integration with Emerging Technologies
17. Wallets in Metaverse: Building Block for Virtual World
Gurtej Singh and Shivani Inder
17.1 Introduction
17.2 Metaverse Wallets
17.3 Features of Wallets in Metaverse
17.4 Significance of Wallets in Metaverse
17.5 Categories of Wallets in Metaverse
17.6 Use Cases for Metaverse Wallets
17.7 Concerns on Metaverse Wallets
17.8 Conclusion
References
18. Examining the Convergence of Virtual and Traditional Assets in Crypto Collisions
Gagandeep and Gioia Arnone
18.1 Introduction
18.2 Literature Review
18.3 Methodology
18.4 Descriptive Statistics and Data
18.5 Results and Discussion
18.6 Conditional Volatilities of Assets and Cryptocurrencies
18.7 Association Between Conditional Volatilities of Cryptocurrencies, Assets, and US Indices
18.8 Cryptocurrency and WTI Dynamic Correlations
18.9 Gold, Cryptocurrency, and US Indices: Changing Associations
18.10 Conclusion
References
19. Decentralized Dynamics: Navigating Governance in DeFi Realms
Gagandeep and Jyoti Verma
19.1 Introduction
19.1.1 Overview of DeFi (Decentralized Finance)
19.1.2 Importance of Governance in DeFi Ecosystems
19.1.3 Evolution of Decentralized Autonomous Organizations (DAOs)
19.2 Foundations of DeFi Governance
19.2.1 Principles of Decentralization
19.2.2 The Role of Smart Contracts in Governance
19.2.3 Governance Tokenomics and Distribution
19.3 The Governance Token Landscape
19.3.1 Types of Governance Tokens
19.3.2 Token Staking and Voting Power
19.3.3 Token Distribution Models
19.4 Decentralized Autonomous Organizations (DAOs)
19.4.1 Understanding DAOs in DeFi
19.4.2 DAO Structures and Models
19.4.3 Case Studies of Successful DAO Implementations
19.5 Proposal Mechanisms and Voting Systems
19.5.1 Introducing Proposals in DeFi
19.5.2 Voting Mechanisms and Quorum
19.5.3 Decision Execution Through Smart Contracts
19.6 Challenges and Risks in DeFi Governance
19.6.1 Coordination Challenges
19.6.2 Security Concerns and Vulnerabilities
19.6.3 Governance Attacks and Mitigation Strategies
19.7 Case Studies in DeFi Governance
19.7.1 Examining Successful Governance Decisions
19.7.2 Learning from Governance Failures
19.7.3 Notable Examples of Community-Led Governance
19.8 The Future of DeFi Governance
19.8.1 Emerging Trends in DeFi Governance
19.9 Conclusion
19.9.1 Recap of Key Governance Concepts
19.9.2 Looking Ahead: The Dynamic Landscape of DeFi Governance
References
Index
Back to Top
Preface
Part I: Fundamentals of Cryptocurrency and Blockchain Technology
1. Introduction to Cryptocurrency and Blockchain
Vinita Choudhary, Neha Kamboj and Sonal Trivedi
1.1 Introduction
1.2 Introduction to Blockchain
1.2.1 Meaning of Blockchain Technology
1.2.2 Development of Blockchain Technology
1.2.3 Key Aspects of Blockchain Technology
1.2.4 Adoption of Blockchain Technology
1.2.5 The Issues Related to Blockchain Technology
1.3 Introduction to Cryptocurrency
1.3.1 Characteristics of Cryptocurrency
1.3.2 Comparison of Cryptocurrency with Other Assets
1.3.3 Features of the Indian Crypto Market
1.3.4 Indian Cryptocurrency Market Development and History
1.3.5 Indian Crypto Exchanges
1.3.6 Regulation of Cryptocurrency Market in India
1.3.7 Impact of Indian Cryptocurrency Market
1.4 Bitcoin
1.5 Conclusion
References
2. A Journey Into the World of Cryptocurrency and Bitcoin Technology
Anju Rohilla, Priya Jindal and Ansh Jindal
2.1 Introduction
2.2 Statement of Problem
2.3 Literature Review
2.4 Cryptocurrency
2.5 Characteristics of Cryptocurrency
2.6 Problems Associated with Traditional Banking
2.7 Evolution of Cryptocurrency
2.8 Major Phases of Bitcoin (Cryptocurrency) Development
2.9 Cryptocurrency Proven as Solution to the Problembof Tradition Financial System
2.10 Advantages of Cryptocurrency
2.11 Categories of Cryptocurrency and Their Applications
2.12 The Implications of Cryptocurrency
2.13 Challenges
2.14 Conclusion
References
Part II: Evolution and Disruption in Finance
3. Traditional Finance vs. Decentralized Finance: A Comparative Analysis
Divya Bansal and Naboshree Bhattacharya
3.1 Introduction
3.1.1 Traditional Approach to Financial Management
3.2 The Modern Approach to Financial Management
3.3 Alternative Financing and Risks
3.4 Crowdfunding
3.5 Traditional Finance Theory and Decision-Making Models
3.6 Decentralized Finance
3.6.1 Main Components of DeFi
3.6.2 Benefits of DeFi
3.6.3 Risks and Limitations in DeFi
3.6.4 Key Metrics
3.7 Decentralized Finance and Traditional Finance
3.7.1 The Main Distinctions Are
3.8 Identifying and Managing Risk in Decentralized Finance
3.9 Conclusion
References
4. Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions
Rakhi Arora and Animesh Singh
4.1 Introduction
4.2 Review of Literature
4.3 Objectives
4.4 Methodology
4.5 Transformation of Banking Sector: A Way to Digital Banking
4.5.1 Phase 1 (1991–2000): Liberalization and Modernization
4.5.2 Phase 2: Digital Integration and Financial Inclusion (2000–2010)
4.5.3 Phase 3: FinTech Disruption and Innovation (2010–2020)
4.5.4 Phase 4: Consolidation and Future Outlook (2020 onward)
4.5.5 Competitive Rivalry
4.5.6 Adoption of Latest Technology
4.5.7 Market Positioning
4.6 Trends in Digital Banking
4.6.1 Mobile Banking
4.6.2 Digital Wallet
4.6.3 Social Media
4.6.4 Biometrics
4.6.5 Cloud
4.6.6 Peer-to Peer (P2P) Lending and Payments
4.6.7 Blockchain
4.7 Challenges of Digital Banking
4.7.1 Cybersecurity Issues
4.7.2 Customer Education and Adoption
4.7.3 Regulatory Compliance
4.7.4 Technical Infrastructure and Integration
4.7.5 Customer Trust and Data Privacy
4.7.6 Operational Resilience
4.8 Conclusion
References
5. The Meltdown Effect: Financial Crises and the Global Economic Ripple
Mukul Bhatnagar, Sanjay Taneja, Pawan Kumar and Ercan Ozen
5.1 Introduction
5.1.1 Background
5.1.2 The Question and Problem of Research
5.1.3 Importance of the Research
5.2 Anatomy of Financial Crises
5.3 Historical Case Studies
5.4 Global Economic Impact
5.5 Policy Responses and Mitigation Strategies
5.6 Global Resilience and Recovery
5.6.1 Resilience Factors
5.6.2 Global Recovery Efforts
5.7 Conclusion
References
Part III: The Prospective of Decentralized Finance and Its Components
6. The Prospective of Decentralized Finance and Its Impact on Traditional Banking
Vivek Sharma and Sanjay Taneja
6.1 Introduction to Decentralized Finance
6.2 Market Size of Decentralized Finance Market
6.3 Brief Historical Background of DeFi
6.4 Key Features
6.5 Concept of Smart Contracts
6.6 Key Applications of Smart Contracts
6.7 Adaptability of Decentralized Finance Across the Globe
6.8 Some Other Types of Financial Systems
6.9 Benefits of Decentralized Finance
6.10 Risks and Challenges Posed by Decentralized Finance
6.11 Opportunities of Decentralized Finance in the Banking World
6.12 Conclusion
References
7. Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance
Arvinder Kaur, Harmanpreet Kaur and Aarti Dangwal
7.1 Introduction
7.2 Decentralized Applications (dApps) Categories
7.3 Centralized vs Decentralized Finance
7.4 Comparison of Traditional Financial System and Decentralized Finance System
7.5 Centralized Exchange vs Decentralized Exchange
7.5.1 Decentralized Exchange
7.5.2 Centralized Exchange
7.6 Conclusion
References
8. Crypto Airdrops: Marketing Tool for Cryptocurrency Markets
Shivani Inder
8.1 Introduction
8.2 Concept of “Crypto Airdrops”
8.3 Crypto Airdrops: A Marketing Tool
8.4 Discussion
8.5 Concluding Remarks
References
9. Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift
Jyoti Verma, Anjali Sharma and Gagandeep
9.1 Background
9.2 Decentralized Exchanges (DEXs)
9.2.1 Core Principles of Decentralized Exchanges
9.2.2 Types of Decentralized Exchanges
9.3 Comparative Analysis Between Decentralized Exchanges and Centralized Exchanges
9.4 Advantages of Decentralized Exchanges (DEXs)
9.5 Growing Trend of Decentralized Exchanges
9.6 Challenges and Risks Associated with DEXs
9.7 Implications for the Global Economic System
9.8 Conclusion
References
10. Stablecoins: The Cornerstone of DeFi
Reepu, Pawan Kumar, Sanjay Taneja and Ercan Ozen
10.1 Introduction
10.2 Types of Stablecoins
10.2.1 Fiat-Backed Stablecoins
10.2.2 Crypto-Backed Stablecoins
10.2.3 Algorithmic Stablecoins
10.3 Importance of DeFi
10.4 Use Cases in DeFi Protocols
10.5 Challenges and Risks with Stablecoins
10.6 Future Developments
10.7 Conclusion
References
11. Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing
Nikhil Modi and Sridhar Manohar
11.1 Introduction
11.2 Traditional Investment and Trading Opportunities
11.2.1 Based on Financial Assets
11.2.2 Based on Physical Assets
11.2.3 Based on Marketable Assets
11.3 Trust and Transparency in Blockchain Technology
11.4 Growth of Cryptocurrency
11.5 Financial Freedom and Asset Growth Opportunity
11.6 Stable and Altcoins
11.7 Factors Affecting Investment Behaviors
11.8 Role of Speculators and Traders in Volatility
11.9 Stock Trading and Crypto Trading
11.10 Machine Learning Techniques in Price Predictions
11.11 Global and Emerging Economy Millennial Investment Interests
11.12 Implications
11.13 Conclusion with Future Research
References
Part IV: Governance, Future of Banking and Consumer Perspectives
12. Decentralized Finance’s Governance—A Review of Decentralized Autonomous Organizations
Shikha Singh, Deepa Gupta, Mukul Gupta and Roshan Kumar
12.1 Introduction
12.2 Evidence and Consequences of Unregulated Governance
12.3 Essential Elements of DeFi Governance
12.4 Decentralized Autonomous Organizations (DAOs)
12.4.1 Leading DeFi DAOs: Maker DAO
12.4.2 The Voting Procedure and Governance Structure of Maker
12.4.3 Leading DeFi DAOs: Synthetix
12.4.4 The Leading DeFi DAO: Metronome
12.5 Governance Tokens’ Role in DeFi
12.5.1 veTokens
12.5.2 Case Studies in DeFi Governance
12.6 Challenges and Future for DeFi Governance
12.7 Implications for Managers and Practitioners
12.8 Conclusion
References
13. Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model
Rashmi Aggarwal, Tanvi Verma, Ishaan Sharma, Ashwin Kumar and Jatin Verma
13.1 Introduction
13.2 The Current State of UPI 229
13.3 How the UPI Infrastructure Works
13.4 How UPI Dethroned the Status Quo
13.5 Analyzing the Cost of Running the UPI System
13.6 Exploring the Possibility of an MDR System
13.7 Conclusion
References
14. Perspectives of Consumers Toward Cashless Transactions
Priya Jindal and Deepa Sharma
14.1 Introduction
14.2 Cashless Payment Methods
14.3 Current Status of Cashless Economy on a Global Level
14.4 Importance of Cashless Transactions
14.5 Challenges to Cashless Transactions
14.6 Digital Payment Development
14.7 Perspectives of Consumers Toward Cashless Transactions
14.8 Recommendations
14.9 Scope of Future Research
14.10 Conclusion
References
15. Bitcoin Ascent: Fueling the DeFi Revolution
Harmanpreet Kaur and Arvinder Kaur
15.1 Introduction
15.1.1 Definition of Bitcoin
15.1.2 Blockchain Technology
15.1.3 Decentralization
15.1.4 Mining
15.1.5 Bitcoin Wallets
15.1.6 Bitcoin Transactions
15.1.7 Supply Limit
15.1.8 Volatility and Price
15.1.9 Use Cases
15.1.10 Adoption and Regulation
15.2 Pre-Bitcoin Financial Landscape
15.2.1 Centralized and Traditional Finance
15.3 Glimpse About Bitcoin
15.3.1 Whitepaper Publication (August 2008)
15.3.2 Genesis Block and Mining Begins
15.3.3 First Bitcoin Transaction
15.3.4 Early Development and Mining
15.3.5 Bitcoin Software Release
15.3.6 Creation of BitcoinTalk Forum
15.3.7 First Exchange Right
15.3.8 Widespread Adoption and Growth
15.4 Rise of Bitcoin
15.4.1 Early Days and Genesis of Bitcoin (2009–2012)
15.4.2 First Major Price Surge (2013)
15.4.3 Mt. Gox Collapse and Regulatory Development (2014–2015)
15.4.4 Bull Market and Mass Adoption (2016–2017)
15.4.5 Price Explosion and Market Maturation (2017–2019)
15.4.6 Resurgence and Widespread Recognition
15.5 Bitcoin’s Impact on Finance
15.5.1 Decentralization and Innovation
15.5.2 Financial Inclusion
15.5.3 Hedging Against Inflation and Store of Value
15.5.4 Diversification
15.5.5 Blockchain Technology Development
15.5.6 Rise of Cryptocurrency Exchanges
15.5.7 Empowerment of Individuals
15.5.8 Financial Awareness and Education
15.6 Future of DeFi and Bitcoin
15.6.1 Increased Adoption and Store of Value
15.6.2 Cross-Chain Solutions and Institutional Adoption
15.6.3 Enhanced Security Measures
15.6.4 Layer 2 Solutions
15.6.5 Regulatory Evolution
15.6.6 Innovation in Product and Services
15.6.7 Global Financial Inclusion
15.7 Conclusion
References
16. Future of Decentralized Finance—Disruption of the Global Banking System
Divya Bansal and Naboshree Bhattacharya
16.1 Introduction
16.2 Overview of DeFi
16.3 DeFi and Central Banking System
16.4 DeFi and Banks
16.5 Risk Associated with DeFi
16.5.1 Technology Risk
16.5.2 Liquidity Risk
16.5.3 Product Risk
16.6 Decentralized Financing is the Future
16.7 Conclusion
References
Part V: Integration with Emerging Technologies
17. Wallets in Metaverse: Building Block for Virtual World
Gurtej Singh and Shivani Inder
17.1 Introduction
17.2 Metaverse Wallets
17.3 Features of Wallets in Metaverse
17.4 Significance of Wallets in Metaverse
17.5 Categories of Wallets in Metaverse
17.6 Use Cases for Metaverse Wallets
17.7 Concerns on Metaverse Wallets
17.8 Conclusion
References
18. Examining the Convergence of Virtual and Traditional Assets in Crypto Collisions
Gagandeep and Gioia Arnone
18.1 Introduction
18.2 Literature Review
18.3 Methodology
18.4 Descriptive Statistics and Data
18.5 Results and Discussion
18.6 Conditional Volatilities of Assets and Cryptocurrencies
18.7 Association Between Conditional Volatilities of Cryptocurrencies, Assets, and US Indices
18.8 Cryptocurrency and WTI Dynamic Correlations
18.9 Gold, Cryptocurrency, and US Indices: Changing Associations
18.10 Conclusion
References
19. Decentralized Dynamics: Navigating Governance in DeFi Realms
Gagandeep and Jyoti Verma
19.1 Introduction
19.1.1 Overview of DeFi (Decentralized Finance)
19.1.2 Importance of Governance in DeFi Ecosystems
19.1.3 Evolution of Decentralized Autonomous Organizations (DAOs)
19.2 Foundations of DeFi Governance
19.2.1 Principles of Decentralization
19.2.2 The Role of Smart Contracts in Governance
19.2.3 Governance Tokenomics and Distribution
19.3 The Governance Token Landscape
19.3.1 Types of Governance Tokens
19.3.2 Token Staking and Voting Power
19.3.3 Token Distribution Models
19.4 Decentralized Autonomous Organizations (DAOs)
19.4.1 Understanding DAOs in DeFi
19.4.2 DAO Structures and Models
19.4.3 Case Studies of Successful DAO Implementations
19.5 Proposal Mechanisms and Voting Systems
19.5.1 Introducing Proposals in DeFi
19.5.2 Voting Mechanisms and Quorum
19.5.3 Decision Execution Through Smart Contracts
19.6 Challenges and Risks in DeFi Governance
19.6.1 Coordination Challenges
19.6.2 Security Concerns and Vulnerabilities
19.6.3 Governance Attacks and Mitigation Strategies
19.7 Case Studies in DeFi Governance
19.7.1 Examining Successful Governance Decisions
19.7.2 Learning from Governance Failures
19.7.3 Notable Examples of Community-Led Governance
19.8 The Future of DeFi Governance
19.8.1 Emerging Trends in DeFi Governance
19.9 Conclusion
19.9.1 Recap of Key Governance Concepts
19.9.2 Looking Ahead: The Dynamic Landscape of DeFi Governance
References
Index
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