**What is Fungibility?**
Fungibility refers to an asset's ability to have its units interchangeable and indistinguishable from one another, meaning they hold the same validity and market value. For instance, one pound of pure gold is equivalent to any other pound of pure gold, just as a $5 bill can be exchanged for five $1 bills.
Most cryptocurrencies, like
$BTC , are considered fungible since each unit has the same quality and functionality. However, due to the traceability of cryptocurrencies, some coins may be viewed differently based on their transaction history. Despite this, fungibility remains intact as each unit maintains its core properties, regardless of its past use.
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