I have been hearing, in a lot of instances, about bitcoin or other cryptos being fungible but never really understood the term and the significance it have. Why is it important that a crypto is fungible?
Sidra Arshad Answered question December 29, 2023
Both fiat and cryptocurrencies are predominantly used for transactions and are fungible slope unblocked, meaning that each unit is interchangeable. As they are produced using blockchain technology, NFTs enable transparent ownership transfers.
Christine Kent Answered question May 17, 2023