Definition ∞ Fungible digital assets are digital units where each individual unit is entirely identical and interchangeable with any other unit of the same asset class. Cryptocurrencies such as Bitcoin and Ethereum serve as prominent examples of this characteristic. They possess uniform value.
Context ∞ The concept of fungibility is a fundamental attribute distinguishing various digital assets, enabling their widespread acceptance as mediums of exchange and reliable units of account. This property is essential for the seamless operation of digital economies and the liquidity of cryptocurrency markets.
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