Non-Fungible Tokens vs. Fungible Tokens
tags: Blockchain,Ethereum source: “Graphical Guide to Understanding Uniswap - EthHub.” Accessed August 23, 2022. https://docs.ethhub.io/guides/graphical-guide-for-understanding-uniswap/. ERC20 tokens are the most common type of token built on top of Ethereum. They are fungible in nature, meaning that there isn’t a distinction between individual tokens. For example, if I have 100 metal marbles in my hand that are all the same size and color, it doesn’t matter which one I give you. In the same way, if I have 100 of the same ERC20 token, it doesn’t matter which one I give you. This contrasts with ERC721 tokens which are non-fungible tokens (NFTs) such as cryptokitties. ...