History and Impact of Ethereum Improvement Proposals (EIPs)
Market Research
2024
Overview
Ethereum Improvement Proposals (EIPs) are the formal mechanism by which changes, upgrades, and standards are proposed and documented for the Ethereum platform. An EIP is typically a design document outlining a new feature or process, along with technical specifications and rationale. The EIP process was introduced by Vitalik Buterin in 2015 (with EIP-1) to ensure transparent, community-driven evolution of Ethereum. EIPs cover core protocol changes (which require network hard forks), standards for applications (like token standards), and meta/process proposals that govern the EIP process itself.