#fungibility
fungibility
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Why one USDT should be worth any other USDTFungible means interchangeable. One dirham note is as good as any other; you do not care which one you get. The property is so basic to money that we rarely notice it.
On a public blockchain every coin has a visible history, which puts fungibility under pressure. Coins that passed through an address linked to a hack can be frozen by an issuer or refused by a platform, even when the person holding them now did nothing wrong. In practice: know where the funds you receive came from, and keep records of your own transfers. A clean history is part of what keeps your coins spendable.
💬 Did you know coins carry their history with them? Has it ever affected you?
Binance Academy covers this in more depth: https://www.binance.com/en/academy/glossary/fungibility
Next lesson: Real-world assets on-chain, in plain words
Trading crypto from Dubai since 2019.
$USDT $BTC $BNB
#Fungibility #CryptoSafety #CryptoEducation
Why one USDT should be worth any other USDT
Fungible means interchangeable. One dirham note is as good as any other; you do not care which one you get. The property is so basic to money that we rarely notice it.
On a public blockchain every coin has a visible history, which puts fungibility under pressure. Coins that passed through an address linked to a hack can be frozen by an issuer or refused by a platform, even when the person holding them now did nothing wrong. In practice: know where the funds you receive came from, and keep records of your own transfers. A clean history is part of what keeps your coins spendable.
💬 Did you know coins carry their history with them? Has it ever affected you?
Binance Academy covers this in more depth: https://www.binance.com/en/academy/glossary/fungibility
Next lesson: Real-world assets on-chain, in plain words
Trading crypto from Dubai since 2019.
$USDT $BTC $BNB
#Fungibility #CryptoSafety #CryptoEducation
On a public blockchain every coin has a visible history, which puts fungibility under pressure. Coins that passed through an address linked to a hack can be frozen by an issuer or refused by a platform, even when the person holding them now did nothing wrong. In practice: know where the funds you receive came from, and keep records of your own transfers. A clean history is part of what keeps your coins spendable.
💬 Did you know coins carry their history with them? Has it ever affected you?
Binance Academy covers this in more depth: https://www.binance.com/en/academy/glossary/fungibility
Next lesson: Real-world assets on-chain, in plain words
Trading crypto from Dubai since 2019.
$USDT $BTC $BNB
#Fungibility #CryptoSafety #CryptoEducation
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