EIP

EIP is an Ethereum Improvement Proposal, a standardized format for suggesting network changes or new features on the Ethereum blockchain. Developers and community members submit EIPs to propose upgrades, optimizations, or new protocols. Each EIP undergoes a review and discussion process, ensuring transparency and community consensus before implementation. The proposals cover various aspects, from technical improvements and security enhancements to new application standards. Once approved, EIPs become integral to Ethereum's evolution, driving innovation and maintaining its competitive edge in the blockchain ecosystem.