Fungibility refers to the property of an asset, commodity, or monetary unit where each unit is identical in both value and functionality, making them mutually interchangeable. In the cryptocurrency domain, fungibility implies that every unit is entirely equivalent to others of its kind, without any unique identifiers or distinguishing characteristics, enabling it to function effectively as a medium of exchange.
DAPP
Decentralized Applications (DApps) are applications that operate on distributed networks like blockchains rather than centralized servers, executing business logic through smart contracts without control by any single entity. DApps typically feature open-source code, transparent operations, immutable records, and often incorporate cryptocurrency tokens as access or utility mechanisms. They consist of frontend user interfaces connected to backend smart contracts, eliminating the central points of control fou
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fungible
Fungibility refers to the property of an asset or commodity where one unit can be completely substituted by another unit of the same type without changing its value or utility. In the blockchain space, fungible tokens are digital assets where each unit is identical, indistinguishable, and interchangeable with any other unit of the same token, such as Bitcoin and most cryptocurrencies.
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Node Definition
A node is a fundamental unit of a blockchain network, referring to any computer or device that connects to the blockchain network and performs specific functions. As core components of a distributed system, nodes are responsible for storing blockchain data copies, validating transactions, and communicating with other nodes through network protocols to collectively maintain the network's security and consistency. Based on functionality, nodes are primarily categorized as full nodes, light nodes, miner nodes,
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Payee Definition
A payee is the party that receives cryptocurrencies, tokens, or other digital assets in blockchain transactions. In blockchain systems, payees receive funds through unique public key addresses (wallet addresses) and can be individual users, smart contracts, decentralized applications (DApps), or any entity with a valid blockchain address.
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