Ethereum like bitcoin and dogecoin is a cryptocurrency but the blockchain frequently accepts such non-fungible tokens NFTs which store additional information that enables them to function differently Person tokens that are part of the Ethereum network.

Is bitcoin a non fungible token. Tokens on the Bitcoin blockchain are unique but they are also worth just as much as any other token on the blockchain. Non-fungible tokens are the digital representation of scarce assets. Fungible and Non-Fungible Tokens.

Fungible tokens are divisible and various smaller fractions could be used to pay back a larger amount. Something fungible is worth as much as another thing like it. What is the difference between fungible and non-fungible tokens NFTs.

For example one Cryptokitty is entirely different from another CryptoKitty just like one Pokemon card is different from another. Tokens are available in various types created on different blockchain. The underlying rules that are governing the tokens are the same.

A non-fungible token NFT is a type of cryptographic token that refers to a specific object on a blockchain. CryptoKitties in 2017 is an example of a NFT use cases. That momentum has showed no signs of slowing so far in the second half of the year with the leading Ethereum-based NFT marketplace OpenSea.

Two NFTs from the same emission do not have the same attributes and are not equal. NFTs are unique in nature with varying properties that can be distinguished from each other. Bitcoin is a fungible token.

Banknotes in contrast can be simply exchanged one for another. Carry unique ownership data at the satoshi-level of a bitcoin the smallest unit of the cryptocurrency. The idea was simple.