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NO, it isn't!
Asatru is just ONE of the Heathen beliefs whose believers hon our Norse or Germanic gods like Odin and Thor.
Asatru is a religion which formed simultaneously in Iceland and America, Started by two individuals; Stephen McNallen in USA and Sweinbjorn Beintensson in Iceland. Asatru has pretty structured rituals, borrowed from Wicca and ritual magic and it incorporates many practices that were never part of the historic Heathenry. On the other hand, Asatru practitioners don't practice magic at all - magic is an essential component of original Heathen world-view.
All Asatru are "Norse Heathen polytheists", but not all "Norse Heathen polytheists" are Asatru.
I am a Norse Heathern polytheist, but I'm not Asatru.
Apart from Asatru, you have eclectic Norse Heathens, Heathen reconstructionists, Forn Sed, Norse shamans etc.
Other paths of Heathenry include Irminism (Germanic Heathenry), Odinism, Theodism - Anglo-Saxon Heathenry etc, North Italian (Lombard) Heathenry, etc...
Asatru is just one of them.
Asatru IS NOT a correct reconstruction of the original Norse polytheist belief, it's a belief made anew on the basis of the original Norse polytheism. It incorporates many new and foreign elements.
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