Decentralized Finance: Origin, Purpose and Potential Since the inception of the internet, there has been a demand for a currency system that was not controlled by any central authority. A system that was transparent, secure, and resistant to censorship. A system that could be used by anyone, anywhere, without the need for intermediaries. And so, the idea of a decentralized algorithmic currency was born. The first decentralized algorithmic currency was Bitcoin, which was created in 2009 by an ...