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

Central Ledger

Central data repository of a company or bank

Stale Block

Double mined blocks that are not included in the blockchain.

Hybrid PoW/PoS

It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.

Gas

A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.

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