11000nam 22005533 450 991102707710332120251005110023.01-394-27180-81-394-27179-4(CKB)40427839600041(MiAaPQ)EBC32274225(Au-PeEL)EBL32274225(OCoLC)1535403053(CaSebORM)9781394271771(OCoLC)1535168344(OCoLC-P)1535168344(EXLCZ)994042783960004120250831d2025 uy 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierDecentralized Finance and the End of Traditional Banking1st ed.Newark :John Wiley & Sons, Incorporated,2025.©2025.1 online resource (388 pages)1-394-27177-8 Cover -- Series Page -- Title Page -- Copyright Page -- Contents -- Preface -- Part I: Fundamentals of Cryptocurrency and Blockchain Technology -- Chapter 1 Introduction to Cryptocurrency and Blockchain -- 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 -- Chapter 2 A Journey Into the World of Cryptocurrency and Bitcoin Technology -- 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 Problem of 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 -- Chapter 3 Traditional Finance vs. Decentralized Finance: A Comparative Analysis -- 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 -- Chapter 4 Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions -- 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 -- Chapter 5 The Meltdown Effect: Financial Crises and the Global Economic Ripple -- 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 -- Chapter 6 The Prospective of Decentralized Finance and Its Impact on Traditional Banking -- 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 -- Chapter 7 Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance -- 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 -- Chapter 8 Crypto Airdrops: Marketing Tool for Cryptocurrency Markets -- 8.1 Introduction -- 8.2 Concept of "Crypto Airdrops" -- 8.3 Crypto Airdrops: A Marketing Tool -- 8.4 Discussion -- 8.5 Concluding Remarks -- References -- Chapter 9 Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift -- 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 -- Chapter 10 Stablecoins: The Cornerstone of DeFi -- 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 -- Chapter 11 Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing -- 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 -- Chapter 12 Decentralized Finance's Governance-A Review of Decentralized Autonomous Organizations -- 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 -- Chapter 13 Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model -- 13.1 Introduction -- 13.2 The Current State of UPI -- 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 -- Chapter 14 Perspectives of Consumers Toward Cashless Transactions -- 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 -- Chapter 15 Bitcoin Ascent: Fueling the DeFi Revolution -- 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.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.FinanceTechnological innovationsFinanceTechnological innovations.332.10285Gagandeep1848718Verma Jyoti1848719Singh Amandeep1848720MiAaPQMiAaPQMiAaPQBOOK9911027077103321Decentralized Finance and the End of Traditional Banking4436008UNINA