Jyoti Verma, PhD is an associate professor in the Chitkara Business School at Chitkara University. She has authored one book, edited two books, numerous book chapters, and over 30 research papers in various national and international journals and conferences. Her core expertise is in the areas of service quality, blockchain, and behavioral finance. Amandeep Singh, PhD is a professor in the Chitkara Business School at Chitkara University with over 16 years of teaching experience. He has published 48 research papers in various journals and conferences and edited over 10 books. His main areas of research are consumer sciences and business innovations. Gagandeep, PhD is an assistant professor in marketing at Chitkara University with over 14 years of research and teaching experience. He has published over ten research papers. His areas of interest include marketing research, research methodology, management science, applied operations research, marketing management, and strategic management.

• Preface xviiPart I: Fundamentals of Cryptocurrency and Blockchain Technology 11 Introduction to Cryptocurrency and Blockchain 3Vinita Choudhary, Neha Kamboj and Sonal Trivedi2 A Journey Into the World of Cryptocurrency and Bitcoin Technology 21Anju Rohilla, Priya Jindal and Ansh JindalPart II: Evolution and Disruption in Finance 393 Traditional Finance vs. Decentralized Finance: A Comparative Analysis 41Divya Bansal and Naboshree Bhattacharya4 Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions 61Rakhi Arora and Animesh Singh5 The Meltdown Effect: Financial Crises and the Global Economic Ripple 81Mukul Bhatnagar, Sanjay Taneja, Pawan Kumar and Ercan OzenPart III: The Prospective of Decentralized Finance and Its Components 996 The Prospective of Decentralized Finance and Its Impact on Traditional Banking 101Vivek Sharma and Sanjay Taneja7 Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance 115Arvinder Kaur, Harmanpreet Kaur and Aarti Dangwal8 Crypto Airdrops: Marketing Tool for Cryptocurrency Markets 135Shivani Inder9 Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift 149Jyoti Verma, Anjali Sharma and Gagandeep10 Stablecoins: The Cornerstone of DeFi 165Reepu, Pawan Kumar, Sanjay Taneja and Ercan Ozen11 Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing 179Nikhil Modi and Sridhar ManoharPart IV: Governance, Future of Banking and Consumer Perspectives 19912 Decentralized Finance's Governance—A Review of Decentralized Autonomous Organizations 201Shikha Singh, Deepa Gupta, Mukul Gupta and Roshan Kumar13 Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model 227Rashmi Aggarwal, Tanvi Verma, Ishaan Sharma, Ashwin Kumar and Jatin Verma14 Perspectives of Consumers Toward Cashless Transactions 241Priya Jindal and Deepa Sharma15 Bitcoin Ascent: Fueling the DeFi Revolution 259Harmanpreet Kaur and Arvinder Kaur16 Future of Decentralized Finance—Disruption of the Global Banking System 277Divya Bansal and Naboshree BhattacharyaPart V: Integration with Emerging Technologies 28917 Wallets in Metaverse: Building Block for Virtual World 291Gurtej Singh and Shivani Inder18 Examining the Convergence of Virtual and Traditional Assets in Crypto Collisions 313Gagandeep and Gioia Arnone19 Decentralized Dynamics: Navigating Governance in DeFi Realms 339Gagandeep and Jyoti VermaReferences 359Index 363

Jyoti Verma, PhD is an associate professor in the Chitkara Business School at Chitkara University. She has authored one book, edited two books, numerous book chapters, and over 30 research papers in various national and international journals and conferences. Her core expertise is in the areas of service quality, blockchain, and behavioral finance. Amandeep Singh, PhD is a professor in the Chitkara Business School at Chitkara University with over 16 years of teaching experience. He has published 48 research papers in various journals and conferences and edited over 10 books. His main areas of research are consumer sciences and business innovations. Gagandeep, PhD is an assistant professor in marketing at Chitkara University with over 14 years of research and teaching experience. He has published over ten research papers. His areas of interest include marketing research, research methodology, management science, applied operations research, marketing management, and strategic management.

• Preface xviiPart I: Fundamentals of Cryptocurrency and Blockchain Technology 11 Introduction to Cryptocurrency and Blockchain 3Vinita Choudhary, Neha Kamboj and Sonal Trivedi2 A Journey Into the World of Cryptocurrency and Bitcoin Technology 21Anju Rohilla, Priya Jindal and Ansh JindalPart II: Evolution and Disruption in Finance 393 Traditional Finance vs. Decentralized Finance: A Comparative Analysis 41Divya Bansal and Naboshree Bhattacharya4 Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions 61Rakhi Arora and Animesh Singh5 The Meltdown Effect: Financial Crises and the Global Economic Ripple 81Mukul Bhatnagar, Sanjay Taneja, Pawan Kumar and Ercan OzenPart III: The Prospective of Decentralized Finance and Its Components 996 The Prospective of Decentralized Finance and Its Impact on Traditional Banking 101Vivek Sharma and Sanjay Taneja7 Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance 115Arvinder Kaur, Harmanpreet Kaur and Aarti Dangwal8 Crypto Airdrops: Marketing Tool for Cryptocurrency Markets 135Shivani Inder9 Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift 149Jyoti Verma, Anjali Sharma and Gagandeep10 Stablecoins: The Cornerstone of DeFi 165Reepu, Pawan Kumar, Sanjay Taneja and Ercan Ozen11 Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing 179Nikhil Modi and Sridhar ManoharPart IV: Governance, Future of Banking and Consumer Perspectives 19912 Decentralized Finance's Governance—A Review of Decentralized Autonomous Organizations 201Shikha Singh, Deepa Gupta, Mukul Gupta and Roshan Kumar13 Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model 227Rashmi Aggarwal, Tanvi Verma, Ishaan Sharma, Ashwin Kumar and Jatin Verma14 Perspectives of Consumers Toward Cashless Transactions 241Priya Jindal and Deepa Sharma15 Bitcoin Ascent: Fueling the DeFi Revolution 259Harmanpreet Kaur and Arvinder Kaur16 Future of Decentralized Finance—Disruption of the Global Banking System 277Divya Bansal and Naboshree BhattacharyaPart V: Integration with Emerging Technologies 28917 Wallets in Metaverse: Building Block for Virtual World 291Gurtej Singh and Shivani Inder18 Examining the Convergence of Virtual and Traditional Assets in Crypto Collisions 313Gagandeep and Gioia Arnone19 Decentralized Dynamics: Navigating Governance in DeFi Realms 339Gagandeep and Jyoti VermaReferences 359Index 363

Jyoti Verma, PhD is an associate professor in the Chitkara Business School at Chitkara University. She has authored one book, edited two books, numerous book chapters, and over 30 research papers in various national and international journals and conferences. Her core expertise is in the areas of service quality, blockchain, and behavioral finance. Amandeep Singh, PhD is a professor in the Chitkara Business School at Chitkara University with over 16 years of teaching experience. He has published 48 research papers in various journals and conferences and edited over 10 books. His main areas of research are consumer sciences and business innovations. Gagandeep, PhD is an assistant professor in marketing at Chitkara University with over 14 years of research and teaching experience. He has published over ten research papers. His areas of interest include marketing research, research methodology, management science, applied operations research, marketing management, and strategic management.

• Preface xviiPart I: Fundamentals of Cryptocurrency and Blockchain Technology 11 Introduction to Cryptocurrency and Blockchain 3Vinita Choudhary, Neha Kamboj and Sonal Trivedi2 A Journey Into the World of Cryptocurrency and Bitcoin Technology 21Anju Rohilla, Priya Jindal and Ansh JindalPart II: Evolution and Disruption in Finance 393 Traditional Finance vs. Decentralized Finance: A Comparative Analysis 41Divya Bansal and Naboshree Bhattacharya4 Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions 61Rakhi Arora and Animesh Singh5 The Meltdown Effect: Financial Crises and the Global Economic Ripple 81Mukul Bhatnagar, Sanjay Taneja, Pawan Kumar and Ercan OzenPart III: The Prospective of Decentralized Finance and Its Components 996 The Prospective of Decentralized Finance and Its Impact on Traditional Banking 101Vivek Sharma and Sanjay Taneja7 Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance 115Arvinder Kaur, Harmanpreet Kaur and Aarti Dangwal8 Crypto Airdrops: Marketing Tool for Cryptocurrency Markets 135Shivani Inder9 Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift 149Jyoti Verma, Anjali Sharma and Gagandeep10 Stablecoins: The Cornerstone of DeFi 165Reepu, Pawan Kumar, Sanjay Taneja and Ercan Ozen11 Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing 179Nikhil Modi and Sridhar ManoharPart IV: Governance, Future of Banking and Consumer Perspectives 19912 Decentralized Finance's Governance—A Review of Decentralized Autonomous Organizations 201Shikha Singh, Deepa Gupta, Mukul Gupta and Roshan Kumar13 Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model 227Rashmi Aggarwal, Tanvi Verma, Ishaan Sharma, Ashwin Kumar and Jatin Verma14 Perspectives of Consumers Toward Cashless Transactions 241Priya Jindal and Deepa Sharma15 Bitcoin Ascent: Fueling the DeFi Revolution 259Harmanpreet Kaur and Arvinder Kaur16 Future of Decentralized Finance—Disruption of the Global Banking System 277Divya Bansal and Naboshree BhattacharyaPart V: Integration with Emerging Technologies 28917 Wallets in Metaverse: Building Block for Virtual World 291Gurtej Singh and Shivani Inder18 Examining the Convergence of Virtual and Traditional Assets in Crypto Collisions 313Gagandeep and Gioia Arnone19 Decentralized Dynamics: Navigating Governance in DeFi Realms 339Gagandeep and Jyoti VermaReferences 359Index 363