Banks have been around for hundreds of years. The first banks started out as places that held gold in deposit and gave you a receipt that you could use to get your gold back. From there, some banker got the wild idea to make the note itself transferable to other people. Paper money was born.
Decentralized finance has been booming this summer. What is decentralized finance and how does it compare with the legacy financial system?
Cryptocurrency has only been around for about ten years and only recently has it really begun to capture mainstream appeal.