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106: Web 3.0 | Words to Know

People of Product

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Decentralized Decentralized Financing - What's the Difference?

There are a two main kinds of tokens. Fungible meaning readily exchanged with one another, and non-fungable which means you can only own one thing at a time. There are governance tokens that i can use in depending on how many governmant tokens I have. And so when we get to de automos or das, those are often governed by these types of tokens. That's ah, again, skipping ahead before going into the token system. Wantto imant to pase you por just on second. So keep ou just w nee. We call it a foundational piece of technology, like a theorium,. A bit coin is similar but different.

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