Ripple Effect: The Rise of Crypto | Campbell Harvey and Neha Narula
Knowledge at Wharton
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Trust and Innovation in Decentralized Finance
This chapter examines the vital connection between trust and the effectiveness of monetary systems, tracing the emergence of decentralized finance and cryptocurrency from the 2008 financial crisis. It highlights the transformative impact of Bitcoin and other digital currencies, addressing their past challenges and the shift away from traditional banking. The discussion also considers the ongoing evolution of decentralized technologies, the balance between centralization and decentralization, and the future potential of innovations like stablecoins.
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