Term of the Moment

application suite


Look Up Another Term


Definition: fungible token


A representation of something interchangeable on a token-based blockchain, typically Ethereum or a blockchain modeled after Ethereum. A cryptocurrency coin is an example of a fungible token because any one coin can be exchanged for any other, whether the same type or not. In contrast, a non-fungible token represents a very specific item such as a work of art (see non-fungible token).