What is fungibility in cryptocurrencies?
Could you elaborate on the concept of fungibility in the realm of cryptocurrencies? I've heard it mentioned in discussions but am not entirely clear on its significance. In simple terms, how does fungibility apply to digital assets like Bitcoin or Ethereum? Is it a key factor in determining the value or usability of a cryptocurrency? And how does it differ from traditional fiat currencies? Understanding this concept seems crucial in grasping the intricacies of the crypto market.