fungible token

English

Noun

fungible token (plural fungible tokens)

  1. A digital asset that can be replaced by another that is identical to it.
    Coordinate term: non-fungible token
    • 2021, Andrew Fai, Smart Collectibles：Unlocking The Value of Non－Fungible Tokens（NFTs）, page 11:
      Fungible tokens, such as Bitcoins, are not Smart Collectibles.
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