Ethereum Improvement Proposal (EIP)

An Ethereum Improvement Proposal (EIP) is a formal document outlining ideas for enhancing the Ethereum network. It can suggest technical improvements, changes to features, or new standards for developers. Each EIP undergoes discussion and review within the community, and if accepted, it helps inform updates to the Ethereum protocol. This collaborative process allows the Ethereum network to evolve, ensuring it remains innovative and effective for users and developers alike. Essentially, EIPs serve as a roadmap for future development, highlighting the community's collective vision for the platform.