For those who don’t know, ERC20 is a protocol that allows developers to create tokens on the Ethereum network, whether this is a currency, an asset or a virtual share.
There are thousands of ERC based tokens, and with Coinbase announcing to support the ERC20, it will likely boost the value of some of these tokens, although it has not been indicated when or which coins it will be listing for trade.
Here, we will look at some of the top performing tokens, but why EOS and TRON are currently leading the race.
We’ll start by looking at EOS. This is a blockchain platform where decentralised applications are being developed by Block One. It provides an operating system for applications which include user authentication, cloud storage and server hosting. This, long with TRON are two of the top performing tokens.
So, now lets take a closer look at TRON. TRON is focusing on the entertainment market – a particularly wealthy market. The decentralised platform allows its users to share content as well as compete with existing digital media sharing platforms, by making it easier, and creating a single medium for content creators to be able to share their work.
Other top performing tokens, included VeChain, which is a decentralised platform for business solutions, capable of handling 10,000 transactions per second; OmiseGo (OMG), a peer-to-peer financial transaction platform. The platform targets traditional banking customers and developing countries; and ICON (ICX), who is aiming to ‘hyperconnect the world’. It aims to do this by building a huge decentralised network that allows different blockchains to interact with each other via smart contracts.
It should be noted, that these are just some of the best performing tokens, and is in no way a direct indication or even prediction of which tokens Coinbase will be listing.