what is a fungible token ethereum

Last Updated on November 2, 2023 by Paganoto

Fungible Tokens – Creating an ERC20 Token on Ethereum

Fungible Tokens – Creating an ERC20 Token on Ethereum

Fungible tokens imply that there is equal value between the assets being considered. The definition of fungible is "mutually interchangeable". Fungible tokens have the following properties: interchangeable – a fungible token can be exchanged with other tokens of the same type.

Fungible vs nonfungible tokens: What is the difference?

Fungible vs nonfungible tokens: What is the difference?

However, cryptocurrencies are payment coins that have their own blockchains. Bitcoin, Ether (ETH) and Litecoin are examples of cryptocurrencies that function on …

Non-fungible tokens (NFT) | ethereum.org

Non-fungible tokens (NFT) | ethereum.org

Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are …

ERC-721 Non-Fungible Token Standard | ethereum.org

ERC-721 Non-Fungible Token Standard | ethereum.org

A Non-Fungible Token (NFT) is used to identify something or someone in a unique way. This type of Token is perfect to be used on platforms that offer …

Non-Fungible Token (NFT) Definition – Investopedia

Non-Fungible Token (NFT) Definition – Investopedia

What Is a Non-Fungible Token (NFT)? … Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that …

Difference Between Fungible and Non Fungible Tokens

Difference Between Fungible and Non Fungible Tokens

Fungible tokens use ERC20 standard which is one of the most significant Ethereum tokens based on blockchain technology, similar to ether, Bitcoin, and Bitcoin …

NFTs, explained – The Verge

NFTs, explained – The Verge

NFTs, or non-fungible tokens, have been A Thing for a while now, but what’s the … Ethereum is a cryptocurrency, like bitcoin or dogecoin, …

Fungible vs. Non Fungible Tokens: All You Need to Know

Fungible vs. Non Fungible Tokens: All You Need to Know

How do NFTs work? · Every token features a unique identifier directly linked to one Ethereum address. · They cannot be directly interchanged or …

The Difference between Fungible and Non-Fungible Tokens

The Difference between Fungible and Non-Fungible Tokens

ERC-20 is the specific set of rules, and ERC refers to ‘Ethereum Request for Comment.’ The foundations of ERC-20 rely on elements such as …

What is ERC-721? The Ethereum NFT Token Standard – Decrypt

What is ERC-721? The Ethereum NFT Token Standard – Decrypt

ERC-721 is a token standard on Ethereum for non-fungible tokens (NFTs). Fungible means interchangeable and replaceable; Bitcoin is fungible …