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What does Fungible mean?

fungible adjectiveSave WordTo save this word, you'll need to log in.Log In fun·​gi·​ble | \ ˈfən-jə-bəl \Definition of fungible (Entry 1 of 2)1: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an accountOil, wheat, and lumber are fungible commodities.fungible goodsSource:.

What does Token mean?

token nounSave WordTo save this word, you'll need to log in.Log In to·​ken | \ ˈtō-kən \Definition of token (Entry 1 of 2)1a: a piece resembling a coin issued for use (as for fare on a bus) by a particular group on specified termsb: a piece resembling a coin issued as money by some person or body other than a de jure governmentc: a unit of a cryptocurrencyBitcoin tokensSource:.

What does Service mean?

service noun (1)Save WordTo save this word, you'll need to log in.Log In ser·​vice | \ ˈsər-vəs \Definition of service (Entry 1 of 5)1a: the occupation or function of servingin active serviceb: employment as a servantentered his service2a: the work performed by one that servesgood serviceb: HELP, USE, BENEFITglad to be of servicec: contribution to the welfare of othersd: disposal for useI'm entirely at your.

What does a Fungible or NonFungible Token Do; What is the Nature, Quality, Character, Purpose, Feature, Extent or Function?

FUNGIBLE to obtain information (ingress function)NONFUNGIBLE to distribute information (egress function)Source: A. K. (Anoop) Bungay; Founder of MQCC™ (www.mqcc.org)URL to this MQCC Definition®

TERMINOLOGY: Correct or Incorrect: NFT or FNFT?

FNFT is the best term. NFT is an incomplete designation because it ignores the inherent and opposing fungible nature of tokens, not merely the non-fungible nature, so FNFT is complete (intensional) designation because it includes both senses. Source: A. K.