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Fungible Tokens vs. Non-Fungible Tokens

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Jay Thakar
2019-01-24

Fungible 
Tokens

Non-fungible 
Tokens
Interchangeable
A token can be exchanged for any other token with the same value. An EUR coin can be used for another EUR coin, with no difference to the user.
Non-interchangeable
NFTs cannot be replaced with other tokens of the same type. If you lend the token to someone, you would expect them to return the same token, just as a museum that lends a Picasso painting to another museum for an exhibition. The other museum cannot simply return another Picasso painting.
Uniform
Tokens of the same type are identical in specification, each token is identical to another token of the same type.
Unique
Non-fungible assets have unique information or attributes that make them irreplaceable or impossible to swap. Each token is unique and differs from other tokens of the same class. While Train tickets from and to the same destination look the same, each one has different passenger names, departure times and seat numbers, and therefore not easily transferable.
Divisible
FTs are divisible into smaller amounts. It does not matter which unit you get as long as it has the same value. Changing bills for coins is a good example. Fungible tokens are divisible meaning you can send a fraction of token to someone else.

Non-divisible
Cannot be divided, the elementary unit is the token. You cannot trade your university certificate with a university certificate of that same university but anybody cannot divide it into diffearent parts.

 

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