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Fungible

Give me the basics

Fungible refers to assets that are interchangeable and have the same value. In the world of cryptocurrency, fungible assets such as Bitcoin or Ethereum are identical in value and can be exchanged for one another without any difference in their characteristics. Each unit of the asset is indistinguishable from any other unit of the same asset. For example, one Bitcoin is equivalent to another Bitcoin, regardless of its origin or history.

In-depth explanation

Fungible refers to assets that are interchangeable and have the same value. In the world of cryptocurrency, fungible assets such as Bitcoin or Ethereum are identical in value and can be exchanged for one another without any difference in their characteristics. Each unit of the asset is indistinguishable from any other unit of the same asset. For example, one Bitcoin is equivalent to another Bitcoin, regardless of its origin or history.