Fungibility Is Where The Value of Cryptocurrency Really Lies

The ideas of combining advanced cryptography and money are by no means new. However, the concept of completely decentralizing this activity, reducing costs, and expediting settlement were the additional pillars that made cryptocurrency stand out as a viable application to resolving many problems associated with classical financial services.  Whether it was high fees, sluggish cross-border fungibility, or security, cryptocurrency in its purest form was designed to tackle each of these challenges head on. Cryptocurrencies were lauded as the ultimate leveler of an imbalanced system.

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