EIP (Ethereum Improvement Proposal)

An Ethereum Improvement Proposal (EIP) is a formal document that outlines technical specifications or ideas for improving the Ethereum blockchain. It serves as a way for developers and the community to propose changes, enhancements, or new features to the Ethereum ecosystem. Each EIP describes the issue being addressed, the proposed solution, and its potential impacts. EIPs help facilitate discussions and decisions within the Ethereum community, ensuring that updates are well-considered and transparent. This process encourages collaboration and innovation, guiding the evolution of Ethereum over time.