There are very few frameworks available that can chart cryptocurrency’s rapid development since 2008, despite all the innovations in fintech. This is a world that still struggles to comprehend where its origins are. The blockchain technology has advanced far beyond its initial form.

Some argue that the real revolution is still to come. The revolutionary technology-fueled financial service DeFi (decentralized financing) is poised to challenge all banks, central and commercial. These institutions failed to adjust to changing financial forms and were initially resistant to them. However, this centralized system of middlemen with unnecessary checks and balances is now obsolete.

When you consider the current technology, it is not feasible. DeFi can bring all of the financial history onto a blockchain and then create even more. DeFi can do everything traditional finance cannot, but much more efficiently. You can use it for loans, bank accounts and mortgages as well as transfers and transfer. This includes stocks, options, futures and bonds. Tokenization allows assets to be broken down and traded on a Blockchain marketplace.

In ‘Beyond Bitcoin: Decentralised Finance And The End Of Banks’, tech and finance entrepreneurs and authors Steven Boykey Sidley and Simon Dingle argue that DeFi – which enables all manner of financial transactions to take place directly, person to person, without the involvement of financial institutions – will redesign the cogs and wheels in the engines of trust, and make the remarkable rise of Bitcoin look pedestrian by comparison. This will displace and disrupt fine, respectable businesses and entire industries. It will affect everyone – anybody who ever applied for or had a banking account.

In the book, Sidley and Dingle explain for the first time for the general reader how DeFi works, introduce the organizations and individuals – many, such as Ethereum’s Vitalik Buterin, still in their twenties – that comprise the new industry, and identify the likely winners and losers in the coming revolution. There is no stone unturned. All aspects of DeFi are covered by the authors, which include staking, centralized and decentralized exchanges as well as legacy financial models such yield farming, NFTs stablecoins, mining regulations, smart contracts, and legacy financial models.

Beyond Bitcoin provides a complete overview of the ecosystem as well as a context to explain why DeFi, and its many advantages. Adoption is a matter of understanding. Many still don’t understand the space, due to misconceptions around what cryptocurrency and DeFi really bring to the table. Many of these myths arise from false narratives. When civilians actually take the time to understand the terminology and their implications, they can fall apart. Beyond Bitcoin is a time-saver.

It’s the type of book that is sorely needed but hard to find. Two prominent entrepreneurs, who have been heavily involved with financial technology and authorship, provide a chronological overview of crypto’s history from 2008 through today. Although it is universally appealing, some people might find it useful.

Scholars and academics prefer to hold books. The majority of information pertinent to the industry can be found online in small bits here and there. Now, it’s been condensed down to an easy-to-read format that is simple yet highly engaging. This publication covers all the recent developments in decentralized financing.

It’s an excellent book to hand to people who are dubious or believe crypto to be no more than a passing fad. If you’re still skeptical about DeFi and the world of cryptocurrencies, you might not be after you finish.

Amazon has the book available as a paperback, audiobook and Kindle Kindle. It’s also sold by many retailers in paperback, and on over five continents. ICON Books published this text.

Steven Boykey Sidley

Steven Boykey Sidley is an American citizen who has extensive experience in finance and technology. He is also an award-winning playwright and novelist. He is an American citizen.

He lives with his wife, and two of their children in Johannesburg. Steven holds a Master’s degree in Computer Science (UCLA) and is currently partnered with Bridge Capital.

Simon Dingle

Simon is a cryptocurrency expert and founder of several fintech companies. His diverse career includes journalism, broadcasting and design. He currently heads Venox Digital Assets, which is a company that operates in the Defi sector. Simon is a founding member of many fintech firms and founded the cryptocurrency exchange Luno. He also opened Curve, a banking service.

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