Tokens on BSV

Fungible Tokens

Fungible tokens on the BSV blockchain are identical and interchangeable units, akin to traditional currencies. They can represent various digital assets, including:

• Satoshis: The smallest unit of Bitcoin, enabling microtransactions.

• BSV Tokens: Tokens that can be utilized for transactions, trading, or as a store of value.

These tokens facilitate seamless transactions and can be easily exchanged without loss of value, making them ideal for everyday use in digital economies.

Non-Fungible Tokens

Non-fungible tokens (NFTs) on BSV represent unique assets, providing proof of ownership and authenticity. Key aspects include:

• Digital Twins: NFTs can serve as digital representations of physical items, such as art or collectibles.

• Provenance and Authenticity: They verify the originality of assets, which is crucial in luxury markets to prevent fraud.

Unlike many NFTs on other blockchains that rely on external links, BSV allows data to be stored directly on-chain, ensuring permanence and integrity of the asset's information.