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
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Microtransaction
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
