Fungible Tokens

Fungible tokens are digital assets that are interchangeable and indistinguishable from one another, much like coins or banknotes. Each token is identical in value to another token of the same type, meaning one token can be exchanged for another without any loss of value.
Fungible tokens are used in blockchain technologies and cryptocurrencies, where they can represent various assets like currencies, commodities, or even voting rights. The value and utility of these tokens are derived from their equivalence and divisibility, allowing for seamless transactions.
Examples include Bitcoin, Ethereum, or any standard token that adheres to protocols like ERC-20 on the Ethereum blockchain.