Fungible Tokens

Fungible Tokens are a type of cryptographic tokens that are identical and similar in nature and functionality. Two different fungible tokens serve the same purpose even when they are divided or exchanged with other fungible tokens of the same type. Fiat currencies or cryptocurrencies are the biggest instances of fungible tokens. On Blockchain, these currencies are represented using Fungible tokens. These tokens can be used as a medium of exchange, can be used for payments etc on Blockchain.

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