The standard process for proposing and specifying changes or standards for the Ethereum ecosystem.
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 Each proposal goes through stages: Draft, Review, Last Call, and Final (or Withdrawn/Rejected).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.
All terms and definitions may update as the Cryptionary improves.