CRYPTOASSETS AND FINANCIAL DECENTRALIZATION

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Exploring the emergence of cryptocurrency, the book delves into its decentralized nature and the security provided by encryption techniques, which eliminate the need for a central authority. It highlights how cryptocurrencies, like Bitcoin, revolutionized the concept of digital assets by allowing scarcity and trade without centralized oversight. The narrative also discusses the rise of decentralized finance (DeFi), which leverages new technologies to enhance transaction speed and security, positioning it as a transformative force in the financial landscape.