fungible token

English

Noun

fungible token (plural fungible tokens)

1. A digital asset that can be replaced by another that is identical to it.

   Coordinate term: non-fungible token

   • 2021, Andrew Fai, Smart Collectibles：Unlocking The Value of Non－Fungible Tokens（NFTs）, page 11:

     Fungible tokens, such as Bitcoins, are not Smart Collectibles.