ETHEREUM IMPROVEMENT PROPOSAL

Ethereum Improvement proposals or simply, EIPs pertain to the standards for the Ethereum platform. This includes the specifications of the cryptocurrency’s core protocol, the client APIs, and the standards of a contract. The document details the potential new features or processes for Ethereum. 

The ideas within the EIP are exhaustively discussed within a repository. Before being declared final, the EIP goes through a multi-levelled process that involves a loop of proposition and feedback. The author of the EIP takes notes on the possible affirmations and oppositions that surround the technical accuracy of the contents of the EIP. 

Just about anyone who is a member of the Ethereum community is capable of creating an EIP. With consideration to the high technical standards needed to form a well-informed EIP, authors of EIPs are usually application or protocol developers.

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