What is Ethereum Improvement Proposal (EIP)?
Let's find out Ethereum Improvement Proposal (EIP) meaning, definition in crypto, what is Ethereum Improvement Proposal (EIP), and all other detailed facts.
The Ethereum Improvement Proposal (EIP) is a document that illustrates the standards for the Ethereum platform, including the fundamental protocol features, contract standards, and client APIs.
The repository was launched in October of 2015 by a team of core developers including Martin Becxe, Hudson Jameson, and, of course, Vitalik Buterin.
To make a choice on whether to include the changes when an EIP is sent, there are several processes that need to be completed. The steps are:
- Draft: An EIP that is being considered openly.
- Last Call: After the fundamental consideration, an EIP is ready for review.
- Final (Non-core): For approximately two weeks an EIP of being in the last call, all the technical worries have been managed.
- Final (Core): An EIP that Core devs approve or intend to implement in the future in a hard fork.
- Deferred: An EIP that will not be immediately implemented but is being considered to do so in the future.
There are three main types of EIP in total:
- A Standards Track EIP
- A Meta EIP
- An Informational EIP
A Standards Track EIP addressed the modifications that influenced most or all Ethereum implementations, as well as network protocol improvements.
A Meta EIP handles change requests and performs tasks similar to Standard Track EIPs. However, they apply to aspects of the Ethereum protocol that are not covered by the Ethereum protocol.
An Informational EIP gives regulations in developing Ethereum. Users and implementers are able to ignore informational EIPs because they don’t reflect an Ethereum community proposal.
Besides these three main types, there are other ones out there. One of them is the Core EIP which requires a consensus fork, and usually includes debates about non-core development changes. As well as Networking EIP, which includes adjustments in client specifications as well as EPI/RPC standards.
Finally, the ERC EIP is an acronym for application-level standards, which include name registries and token specifications.
The repository was launched in October of 2015 by a team of core developers including Martin Becxe, Hudson Jameson, and, of course, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin<\/strong><\/a>.<\/p>\n<p>To make a choice on whether to include the changes when an EIP is sent, there are several processes that need to be completed. The steps are:<\/p>\n<ul>\n<li>Draft: An EIP that is being considered openly.<\/li>\n<li>Last Call: After the fundamental consideration, an EIP is ready for review.<\/li>\n<li><strong>Final (Non-core):<\/strong> For approximately two weeks an EIP of being in the last call, all the technical worries have been managed.<\/li>\n<li>Final (Core): An EIP that Core devs approve or intend to implement in the future in a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hard-fork-blockchain/">hard fork<\/strong><\/a>.<\/li>\n<li>Deferred: An EIP that will not be immediately implemented but is being considered to do so in the future.<\/li>\n<\/ul>\n<p>There are three main types of EIP in total:<\/p>\n<ul>\n<li>A Standards Track EIP<\/li>\n<li>A Meta EIP<\/li>\n<li>An Informational EIP<\/li>\n<\/ul>\n<p>A Standards Track EIP addressed the modifications that influenced most or all Ethereum implementations, as well as network protocol improvements.<\/p>\n<p>A Meta EIP handles change requests and performs tasks similar to Standard Track EIPs. However, they apply to aspects of the Ethereum protocol that are not covered by the Ethereum protocol.<\/p>\n<p>An Informational EIP gives regulations in developing Ethereum. Users and implementers are able to ignore informational EIPs because they don’t reflect an Ethereum community proposal.<\/p>\n<p>Besides these three main types, there are other ones out there. One of them is the <strong>Core EIP<\/strong> which requires a consensus fork, and usually includes debates about non-core development changes. As well as Networking EIP, which includes adjustments in client specifications as well as EPI\/RPC standards.<\/p>\n<p>Finally, the ERC EIP is an acronym for application-level standards, which include name registries and token specifications.<\/p>","definition":"is a document that depicts the Ethereum platform's standards.","status":"published","meta_title":"What is Ethereum Improvement Proposal (EIP)? Definition & Meaning | Crypto Wiki","meta_description":"Ethereum Improvement Proposal (EIP) meaning: Ethereum Improvement Proposal (EIP) - is a document that depicts the Ethereum platform's standards.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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