6 May, 2019
Fungible TokenPosted on : by : BlockGlossary
Meaning of Fungible Token
Let’s simplify this for you, if you own a pet (Cat) and fiat ($1,000 bill) and the Cat is also worth the $1,000. Now, you want to purchase something worth $300. You can easily drop your $1,000 bill and get a balance of $700 bill but you cannot decide to sell part of your Pet (Cat) and keep the other part as balance (like cutting off the head and keeping the other body part? – No!). Thus, your $1,000 bill is Fungible (examples includes ERC20 Tokens on Ethereum Blockchain).
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