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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.

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Related Terms

Non-Fungible Tokens (NFT)
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value
Bearish
A term used to indicate negative sentiment towards the market or an asset, where investors believe that there will be downward price movement.
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
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