Fungibility refers to the property of an asset, commodity, or monetary unit where each unit is identical in both value and functionality, making them mutually interchangeable. In the cryptocurrency domain, fungibility implies that every unit is entirely equivalent to others of its kind, without any unique identifiers or distinguishing characteristics, enabling it to function effectively as a medium of exchange.
Define Epoch
An Epoch is a fixed time unit in blockchain networks defined by either a predetermined number of blocks or a specific time interval, used to organize network activities such as staking reward distribution, validator rotation, or protocol parameter adjustments. Epoch lengths vary across blockchains, with Bitcoin's epochs occurring every 210,000 blocks (approximately four years), while Proof of Stake networks like Ethereum 2.0 have shorter epochs lasting hours or days.
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