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
TONの主な特徴 1. スケーラビリティ TON は、高度にスケーラブルに設計されています。ネットワークを「シャード」と呼ばれる相互接続された小さなブロックチェーンに分割できるシャーディング メカニズムにより、1 秒あたり数百万件のトランザクションを処理できます。各シャードはトランザクションを独立して処理できるため、ネットワーク全体の容量が大幅に増加します。
2. 相互運用性 TON は、他のブロックチェーンや DApp と相互運用できるように設計されています。他のブロックチェーン ネットワークと簡単に統合でき、それらの間で資産とデータをシームレスに転送できます。この機能は、異なるブロックチェーン ネットワークが連携できる、接続された分散型 Web を作成するために不可欠です。
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