Ethereum Improvement Proposal (EIP)
The standard process for proposing and specifying changes or standards for the Ethereum ecosystem.
- Type
- ethstandard
- Also known as
- EIP
EIPs document technical standards for Ethereum, including core protocol changes, client APIs, and contract standards like ERC-20 and ERC-721. Each proposal goes through stages: Draft, Review, Last Call, and Final (or Withdrawn/Rejected).
EIP-1559 changed the transaction fee mechanism by introducing a base fee burn and separate tip, affecting ETH’s supply dynamics and user experience.
Categories include Core (consensus and networking), Networking (p2p/RLPx), Interface (JSON-RPC), and ERCs (application standards). Governance occurs through open discussion across repos, calls, and client implementations.
The ERC track produced ERC-20 and ERC-721, enabling fungible tokens and NFTs that wallets and exchanges can support uniformly.
Related Terms
Ethereum (ETH)
→Ethereum (ETH) is a decentralized, open-source blockchain network featuring smart contract functionality.
Ethereum Virtual Machine (EVM)
→The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on the Ethereum blockchain and EVM-compatible networks.
All terms and definitions may update as the Cryptionary improves.
