What is Fungibility? An asset is considered fungible when its units are interchangeable with one another, meaning they are indistinguishable. In other words, an asset class is fungible when each unit of the asset has the same validity and market value. For example, a pound of pure gold is equal to any other pound of pure gold, regardless of the shape. Other examples of fungible asset classes may include commodities, fiat currencies, bonds, precious metals, and cryptocurrencies. However, an equal exchange of a fungible asset does not necessarily mean exchanging of two identical units. As long as the transaction happens between instruments of the same kind and that share the same functionality, it can be considered as an equal exchange. For instance, a five-dollar bill can be exchanged with five one-dollar bills, but they have the same validity. In this example, the US dollar is the fungible asset, while the bills merely represent their underlying value. In general, most cryptocurrencies are considered fungible assets. For example, we may consider Bitcoin fungible because each unit of BTC is equivalent to any other unit, meaning they have the same quality and functionality. So it doesn’t really matter in which block the coins were issued (mined), all Bitcoin units are part of the same blockchain and have the same functionality. Note that if someone forks the blockchain and create a new Bitcoin, those coins won’t be considered original as they would be part of another network. It has been pointed out that due to the inherent traceability of BTC and similar cryptocurrencies, some coins might be less desirable than others - especially if they have been previously used in dubious or illicit activities. This means that some merchants or service provides may deny receiving Bitcoins as payments if they believe those particular coins were used by criminals in the past. Unlike some tend to believe, however, this fact doesn’t remove Bitcoin’s property of fungibility. Traceability and fungibility are two different things and, despite their transactional history, each Bitcoin is still the same in terms of quality, technology, and functionality. Similarly, the US dollar is still a fungible asset, although criminals have been using it for illicit activities for many decades. #learn #news #CryotoFinderX
💡 Bought some $TOMI tokens for mid to long-term holding. It's listed on a quality exchange and backed by a decentralized internet vision, so I'm expecting solid price growth in the coming days✅
Key features of TON 1. Scalability TON is designed to be highly scalable. It can handle millions of transactions per second through a sharding mechanism that allows the network to split into smaller, interconnected blockchains called "shards." Each shard can process transactions independently, which significantly increases the overall capacity of the network.
2. Interoperability TON is designed to be interoperable with other blockchains and DApps. It can easily integrate with other blockchain networks and allow for the seamless transfer of assets and data between them. This feature is crucial for creating a connected and decentralized web where different blockchain networks can work together.
3. Fast transactions TON's architecture is optimized for speed. It uses a PoS consensus mechanism, which is faster and more energy-efficient than the Proof of Work (PoW) system used by Bitcoin. This means that transactions on the TON network are processed almost instantly, making it suitable for everyday use, such as payments, microtransactions, and other financial activities.
4. Decentralization TON is a decentralized network, meaning that it is not controlled by any single entity or organization. Instead, it is governed by its community of users and developers. This decentralization makes TON more resistant to potential attacks and ensures that the network remains open and accessible to everyone.
#BTC☀ Bitcoin has recently broken below the horizontal demand zone of a descending triangle pattern, signaling a potential shift in market sentiment. It is currently in the process of retesting the lower boundary of the triangle.
The Ichimoku Cloud reinforces this bearish outlook, with its indicators showing increased downward momentum. If the retest of the triangle's boundary confirms this bearish bias, we could see a continuation of the decline, potentially leading to a significant drop in price.
Conversely, if Bitcoin fails to sustain below this level during the retest, it may enter a phase of consolidation within the descending triangle.
First of all I bought starknet $STRK at a price of 1.83$ per and now STRK at 2.5$. What next! Should I sell it or hold for next 3.5-4-5$. what's my expectation from starknet and why. Today let's discuss about starknet and the possiblity of future performance of starknet.What is starknet:Starknet is a permissionless, Validity-Rollup, also known as a zero-knowledge rollup (ZK rollup) for Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to achieve massive scale for its computation without compromising on Ethereum’s composability and security.Starknet aims to achieves secure low cost transactions and high performance by using the STARK cryptographic proof system. Starknet contracts and the Starknet OS are written in Cairo, a custom-built and specialized programming language.One of the best L2 ranked in 5 on search.What's incoming:Reduced L1 cost with EIP-4844Ethereum EIP-4844Reduced costs for data availablity on L1Transactions fee market Accelerated transaction finality Reduced transaction costs via volition modeFuture versionStarknet roadmap also clear and very impressive. This is great for L2 scalability. Great development and future plan. Starknet listed with all top exchange including binance, bybit, KuCoin. You can buy it from anywhere.Previously we watched the performance of L2 in market. We hope we will a very good market movement of starknet. I expect at least 5$ in short/mid term, 10-15$ in Long term. And yes! Starknet the next best gem in binance. Starknet $STRK the best gem token#STRKpriceanalysis #L2 #Layer2 #article @Stark Net @CryptoFinderX @Binance News
Last week, investment products related to digital assets, like Bitcoin, received a significant boost with new investments totaling $708 million. 🟢
This increase has brought the total investment in these products to $1.6 billion for the year so far. Additionally, the total value of these digital assets under management worldwide has reached a remarkable $53 billion. 📈
This shows a growing interest and confidence in digital assets among investors.🔥🚀
Although crypto doesn't have a central bank or government, you still need to pay transaction costs to transfer these coins.
Blockchains such as Bitcoin (BTC) have built-in "network fees" that go to BTC miners. Since Bitcoin is a decentralized network, these crypto fees incentivize more people to use their computing power to validate BTC transactions. The higher the hash power is on the Bitcoin blockchain, the more resilient it is against hacks.
Many other blockchains, such as Ethereum (ETH), charge transaction costs known as “gas fees.” Similar to Bitcoin's network fees, these gas payments go to the node operators who confirm transactions on Ethereum's blockchain.
Individuals must also pay transaction fees when using centralised crypto exchanges (CExs). CEXs provide a centralized hub for buying and selling digital assets like stock brokerage websites. Every CEX has a different fee structure, but most charge commissions as well as withdrawal and deposit fees .
Bitcoin has successfully broken above the resistance area and is currently trading above it. There is a potential test of the trendline ahead, which will play a crucial role in determining the next move. The positive development is that BTC has reclaimed the $40,000 level. Expect some sideways movement before the next significant price action.
$Bitcoin price crumbles after spot ETF approval, but ICP, TIA, MNT, SEI and altcoins rebound
BTC price fell to unexpected lows after the spot ETF approval, but bullish price action from altcoins could be an early sign of a reversal. $BTC $ETH $BNB
There was a lot of hype built around the spot Bitcoin BTC
tickers down $42,290
exchange-traded funds, but when regulatory approval did not result in an upside move, traders may have decided to book profits, resulting in a sharp pullback to $41,500.
Some analysts have turned bearish and are projecting targets of $25,000 and lower on Bitcoin. While anything is possible in the markets, levels near $38,000 are likely to attract long-term investors who will keep an eye on the Bitcoin halving and the institutional inflows into the spot Bitcoin ETFs in the coming weeks.
BTC has once again entered the rectangular channel following a bullish move above it. The Ichimoku Cloud and the 100-day Moving Average (MA) are currently acting as support. Further movement within the channel can be anticipated until a definitive breakout or breakdown occurs.$BTC
$ETH looks to be the stronger side after the etf fake news, and btc is chopping . Although ethbtc has some space downside but it's oversold at weekly and daily timeframes so a bounce on ethbtc suggests eth to be the stronger one coming week or two.
#BTC made a clean displacement on daily chart so should not break 40.2k else we might see 33k$.
#ETH IF WE break 2440$ and close a daily candle above, the invalidation level for bulls is 2100. Below 2100, would be a tough time for bulls.
About 1.11 million BTC were accumulated between $42,500 and $43,300 zone in anticipation of the ETF approval. If the ETF is postponed then we see heavy selling pressure around this zone. #BTC #etf #ETFApprovalDreams $BTC