Written by Steve Miller
An Ethereum Improvement Proposal (EIP) is the document used to provide information to the Ethereum community regarding requests for enhancements or proposed upgrades to the Ethereum protocol. It is analogous to the Bitcoin Improvement Proposals (BIP).
Proposals are expected to include a rationale for why the feature should be implemented and a technical specification outlining how implementation will occur.
EIPs come in a variety of types including:
Once a proposal is submitted a process kicks off giving the community the opportunity to decide whether it makes sense to include it in Ethereum’s future development. The stages of this process are:
Accepted proposals become standards ensuring any applications, smart contracts, etc. built using them are accessible when interfacing with Ethereum.
What is an EIP? by Tim Beiko