ICO Today Magazine News
Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. ETHP is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular ETHP. 1 ETHP is functionally identical to any other 1 ETHP.
Fungibility is an advantage ETHP has over ethereum and almost every other cryptocurrency, due to the privacy inherent in the currency’s blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Our currency has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions ETHP is truly fungible and while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.