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Fungible vs Non-Fungibility Cryptocurrency
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[QUOTE="Yugocean, post: 75389, member: 25081"] Cryptocurrencies are decentralized, so they are not recognised or regulated by any government; fiat currency remains fungible because government control it, but cryptocurrencies are made this way. For example, the value of one bitcoin is the same with another bitcoin, no matter how much you divide a Bitcoin, together it will still make the value of Bitcoin. The Best example of fungebility is Fiat currency, five bills or 1$ combined makes it equal to a single 5$ bill. In the same way, 0.5 BTC and 0.5 BTC together will make 1 BTC, both the half bitcoin will remain in equal value; and in same way 0.7 BTC + 0.3 BTC will still make 1 BTC despite both parts have different value, but it calculates to one BTC. Almost every cryptocurrency is fungible, however there are also some non-fungible cryptocurrencies, for example “CryptoKitties”, the value of 2 CryptoKitty is never the same. The Best example of Non-fungebility is Diamond, 10 pices of one large diamond together do not make equal value of that of a large diamond. [/QUOTE]
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