Ethereum Improvement Proposals (EIPs)

Ethereum Improvement Proposals (EIPs) are formal documents that outline new features, changes, or enhancements for the Ethereum network. They serve as a way for developers and the community to propose and share ideas about how to improve Ethereum's functionality, security, and efficiency. Each EIP is reviewed and discussed by the community, and if accepted, it can lead to updates in the Ethereum software. Essentially, EIPs are crucial for the ongoing development and evolution of Ethereum, ensuring that it adapts to new challenges and opportunities in the blockchain space.