This book addresses the main concepts of Decentralized Finance (DeFi) and the well-known economic problem of inflation within traditional financial systems (TradFi). The authors discuss how both systems are connected and describe how they influence each other. Furthermore, new technological developments in the finance sector are considered and explained. The book provides not only a theoretical background to understand how money has evolved over time but also many practical cases and advise to navigate the digital money era. While digitalization and innovation are evolving rapidly, this book aims to be time-independent in its content and in its focus on concepts. The book appeals not only to an academic audience but also to professionals working in the field.

Prof. Dr. Thomas K. Birrer is Professor for Corporate Finance at the Lucerne University of Applied Sciences and Arts (Switzerland). He studied business economics at the Lucerne University of Applied Sciences and Arts and earned his doctorate at the University of Basel (Switzerland). His research focuses on financial technology and innovation, financial markets and financial risk management. Dennis Amstutz, holds a BSc and an MSc in Banking and Finance from Lucerne University of Applied Sciences and Arts (Switzerland). After previously having worked for the Swiss bank Credit Suisse, he has wide-ranging start-up experience and a broad network in Switzerland. He is a passionate crypto investor and an independent crypto fund manager.Patrick Wenger, holds a BSc in Business Engineering and an MSc in Banking and Finance from Lucerne University of Applied Sciences and Arts (Switzerland). He has an extensive network in private and public sectors of Paraguay and implemented a proof-of-concept mining business in the country.