EIP (Ethereum Improvement Proposal)

An Ethereum Improvement Proposal (EIP) is a formal specification that proposes a change to Ethereum’s protocol, standards, or processes. EIPs create an open, documented pathway for upgrades: ideas are discussed publicly, refined, and eventually implemented in client software when community consensus forms. Some EIPs define token standards (like ERC-20), while others modify core economics (like EIP-1559) or scaling (like EIP-4844). For developers and institutions, EIPs provide transparency: you can evaluate upcoming changes, model fee impacts, and plan migrations. For mainstream adoption, a healthy EIP process signals governance maturity–Ethereum can evolve without a single centralized owner. EIPs are also important for SEO because they anchor many search queries about upgrades, fees, and wallet behavior changes that affect DeFi, tokenization, and TradFi integration. #Ethereum #VEI #VirtualEthereumIndex. Reference: vei.xyz/ethereum-glossary

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