Decentralized Finance: The Future of Finance is a set of four courses taught by Campbell R. Harvey (Professor of Finance at the Fuqua School of Business, Duke University, and a Research Associate of the National Bureau of Economic Research) that focus on decentralized finance (DeFi). In this first course, we begin by exploring the origins of DeFi and take a broad historical view from the earliest barter economies, such as the first peer-to-peer exchanges of bartering, to present day. The course also looks at historical examples of money having value even though it is not officially backed.
Decentralized Finance (DeFi) Infrastructure
Decentralized Finance (DeFi) Infrastructure
This course is part of Decentralized Finance (DeFi): The Future of Finance Specialization
Instructor: Cam Harvey
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Beginner level
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Flexible schedule
Approx. 6 hours
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What you'll learn
Articulate the history and origins of decentralized finance
Define the key components of decentralized finance's infrastructure
Explain which problems decentralized finance is designed to solve and how
Identify myths or common misconceptions about decentralized finance
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Assessments
4 assignments
Taught in English
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This course is part of the Decentralized Finance (DeFi): The Future of Finance Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course
This module provides a historical perspective of exchange beginning with early barter, specie currency (backed by, e.g., gold), fiat currency and electronic transfers. The module introduces some of the key problems that have arisen with the current system. It closes with the introduction to Satoshi Nakamoto’s famous 2008 paper which introduced cryptocurrency.
What's included
6 videos2 readings1 assignment
This module introduces the key foundations for DeFi, starting with the mechanics of blockchain including cryptographic hashing. The module then explores the innovation of smart contracting - a key ingredient for DeFi. There is also a discussion of the differences between the first cryptos and stablecoins.
What's included
6 videos1 assignment
This module explores the key problems with today’s legacy financial system which include: inefficiency (costly, slow, and insecure transactions); limited access (many cannot access banks and many that have bank accounts find it difficult to get loans); opacity (it is unclear how healthy our commercial financial institutions are); centralized control (current system is dominated by oligopolies that push prices higher than competitive prices) and interoperability (difficulty in moving funds across different legacy financial institutions).
What's included
5 videos1 assignment
The final module explores various different myths including: all cryptocurrencies are anonymous; blockchains are routinely hacked; quantum computing will destroy all blockchain based currencies; and the crypto ecosystem is so small that it is unlikely to compete with legacy financial institutions.
What's included
2 videos1 assignment
Instructor
Instructor ratings
4.8 (476 ratings)Offered by
Recommended if you're interested in Finance
Duke University
Duke University
The State University of New York
Duke University
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Frequently asked questions
No. Completion of a Coursera course does not earn you academic credit from Duke; therefore, Duke is not able to provide you with a university transcript. However, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.