Ripple CTO David Schwartz answers important question that has intrigued XRP community
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The original design intent was that all USD-denominated tokens would use USD and those trying to pay and get paid could consider all USD they support as fungible.Schwartz’s explanation highlighted a key aspect of the XRPL's architecture: the focus on the fungibility of tokens with the same denomination. By using a common identifier like"USD" for all USD-denominated tokens, the ledger aims to streamline transactions and ensure that all such tokens maintain fungibility.
Tokens may also be non-fungible. Non-fungible tokens are used to represent ownership of unique tangible, non-physical or entirely digital products, such as pieces of art or in-game items.The history of the XRP Ledger dates back to 2011 when three engineers, David Schwartz, Jed McCaleb and Arthur Britto, began working on it.
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