Blockchain Cryptocurrency Ethereum The Favorite ERC20 Tokens By Melkizedek Owuor Posted on July 4, 20187 min read0 0 ERC20 tokens are smart contracts that run on the Ethereum blockchain. ERC is an abbreviation for Ethereum Request for Comments. ERC20 has 6 functions and 2 events. This standard was created to enable interoperability (the ability of computer systems or software to exchange and make use of information). The functions describe how tokens can be transferred. The functions also help define how token-related data can be accessed.Tron (TRX)It is a blockchain-based protocol with a focus on entertainment. The token allows users to freely publish, store & own data. The data is stored in a decentralized autonomous form and users decide on the distribution, subscription, and push of their contents. Thus the content creators are enabled to release, circulate, and deal with digital assets.I like Tron because I love to write. The platform will provide me with a better platform to have total control over my data. I’ll also have the opportunity of interacting with digital assets.Status (SNT)This is an open source messaging platform and mobile browser that allows users to interact with decentralized applications. The platform allows users to verify digital identity, trade in digital asset exchange, form digital companies, share owned content, among others.I like SNT because I’d like to form or get involved with digital companies.Ethos (ETHOS)This is a people-powered cryptocurrency platform which is dedicated to providing consumers, developers, and businesses with a unified wallet and API solution to power the financial applications of the future. They also help to accelerate the adoption of blockchain technology for consumers and financial institutions.Ethos help to accelerate the adoption of blockchain technology. I’d also like to use the platform to learn more about unified wallets and API solutions for financial applications. I’d like to be financially free.Veritaseum (VERI)This is a wallet interface which is based on smart contracts. It allows anyone to create, enter, and manage smart contracts without intermediaries or third parties. It also allows users to interact with real-world products based blockchain technology and smart contracts. The VERI tokens can be used by users to interact with VERI wallet interface.I like the idea behind smart contracts and VERI gives me the freedom of interacting with smart contracts — creating, enter, and manage smart contracts.Wings (WINGS)Wings is a decentralized platform which allows users to create, join, and manage projects.I’m currently poor at managing projects. WINGS will allow me to create or collaborate on projects.Soarcoin (SOAR)This is a cryptocurrency which is working on top of Ethereum. It is designed to be used in digital wallets with the aim of improving efficiency and transparency of all the payments and transactions.I like SOAR because it helps to shed light in the payment systems, a single problem which has led to Kenya losing a lot of money. I’ll use the knowledge to improve my efficiency as far as finances are concerned.The selection is based on Melkizedek‘s interests. You can choose your own ERC20 tokens based on your interests. Visit Eidoo.io for a variety of ERC20 tokens, their descriptions, and values.