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
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Market Maker
Participant of the market who creates buy and orders
Bounty
Public tasks available for anyone for a reward
Lightning Network
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.
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