A note from Daniel

Tokens come in two overarching types: fungible tokens, like bitcoin and ether, and non-fungible tokens, also known as NFTs. Fungible tokens are interchangeable. One token in a set of fungible tokens can be swapped for any other token in the same set. It's apples to apples. Money is similarly fungible. If someone has $10, they don't care which $10 bill they have, just that they have $10. With NFTs, each token is unique, in the same way many objects in the physical world are unique. I have a set of books— different titles, different authors on my bookshelf that are distinct and, despite all being books, are not interchangeable with one another. These are non-fungible.

Daniel Read Write Own, page 74 · March 2, 2024 Save to shelf
Notes like this take four seconds in Booksense. Scan the paragraph, it lands on the right page, and comes back for review later. Take your first note

More from readers of Read Write Own

More from Daniel

See their profile

Stop losing the best parts of what you read.

Booksense pushes your highlights back to you for review, so a note from page 174 is still yours a year later. Free on iOS.

Daniel on Booksense 5,999 notes 387 hours of reading