Source: TheMerkle.com
To understand the transformative impact of decentralized finance (DeFi), it’s important to explore its journey from conceptualization to modern-day innovation.
The Pre-Bitcoin Era
DeFi’s roots trace back to cryptographic advancements like RSA public-key cryptography in 1978, which laid the foundation for secure digital interactions. Early digital currency experiments such as DigiCash and E-Gold further explored the potential for decentralized financial systems.
The Birth of Smart Contracts
In 1994, computer scientist Nick Szabo
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Source: TheMerkle.com
