EIP (Ethereum Improvement Proposal)
By CoinGecko | Updated on Mar 03, 2020
Refers to improvement proposals for Ethereum, used to introduce features or any updates on the Ethereum network. EIPs are akin to design/technical documents with details on the proposal and what needs to be done for a given proposal.
Related Terms
Oracles
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.
Miners
Contributors to a blockchain taking part in the process of mining.
Hyperledger (Hyperledger Foundation)
Hyperledger is an open source collaborative effort to create blockchain technologies hosted by The Linux Foundation since 2016.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.