Fungibility is the ability for an asset of an equivalent denomination to be interchangeable. Examples of fungible currencies include most fiat currencies such as the US Dollar and some cryptocurrencies, including Bitcoin.
Like fiat currencies, fungible cryptocurrency tokens can be divided into smaller parts and easily exchanged. Individual tokens don’t have unique value and should be worth an identical amount.
Q: What are Fungible Tokens?
A: Fungible tokens are divisible assets which are not unique and can be readily exchanged for another asset of like kind.
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