An In-Depth Analysis of Decentralized Finance (DeFi): A Historical and Future Perspective
Decentralized Finance (DeFi), leveraging blockchain to disrupt traditional financial systems, offers direct control over finances, challenging centralized banking. It traces back to barter systems and has evolved through money, paper currency, and modern banking. DeFi introduces innovations like cryptocurrencies, smart contracts, and decentralized exchanges, reshaping the financial landscape.