Coinbase is thinking of listing Ethereum ERC20 tokens. In this way, some ERC20 tokens will be registered on its platforms. Any token could see its price increase thanks to the growing base of users of the platform.
The ERC20 protocol
Developers use ERC20 to create tokens on the Ethereum network. It is a technical protocol that can also be used in the creation of cryptocurrency, asset, virtual sharing and many applications. Particularly popular in Initial Coin Offering (ICO) and large companies, ERC20 tokens are an easy way to launch a digital currency with ease.ERC-based tokens are in the thousands, with a few hundred available for trading. All ERC tokens are automatically compatible with any wallet or exchange supporting the ERC20 technical standard.
Coinbase has announced its intention to add ERC20 support on March 26, although the exact date and the ERC20 tokens will not be published until later.
The ERC20 tokens
Below is a list of ERC top-tier tokens in terms of market capitalization with details on their respective goals:
EOS (EOS)
In collaboration with Block One and founded by Dan Larimer and Brendan Bloomer, EOS is a Blockchain platform used for the development of decentralized applications (dApp). EOS provides an operating system for applications, specifically in user authentication, cloud storage and server hosting.
TRONix (TRON)
Justin Sun is the founder of TRON. Targeting the global entertainment market with a decentralized content-sharing platform, the platform competes fiercely with digital sharing companies. TRON creates a unique way to share content with consumers.VeChain (VEN)
VeChain was founded in 2015. It focuses on building a decentralized platform on providing solutions for the business world. Its goal is to create a platform that can handle 10,000 transactions per second, which will facilitate business interactions without any intermediaries. VeChain is also making progress in the construction of decentralized applications on its Blockchain.OmiseGo (OMG)
OmiseGo Vitalik Buterin, the founder of Ethereum, as a consultant. OmiseGo operates a decentralized peer-to-peer financial transaction platform that facilitates inter-site financial services, asset classes and applications. OmiseGo targets traditional banking customers and developing countries with its electronic wallet as well as its exchange and payment service.ICON (ICX)
Regarding the ICON projectit tends to "hyperconnecter the world" by building one of the largest decentralized networks in which Blockchains interact with each other through smart contracts. The ICON platform can encompass finance, security, insurance, health, education, trade and more. All can coexist and make transactions with each other.In conclusion
Although the Ethereum World News websitehas established this list by consulting the values of each token, this does not favor the prediction that the tokens will eventually be listed by Coinbase. Binance Coin (BNB) was excluded from this list because Coinbase could make his token one of his direct competitorsAn evaluation of ERC20 tokens in relation to the Coinbase selection process was recently published by Coin Savage. In addition, the list of tokens is available on Etherscan.
What do you think about the main ERC20 Tokens and their respective goals? Comment in the comments section below.