EIP is an abbreviation for “Ethereum Improvement Proposal” and stands for Improvement proposals on the Ethereum Network.
EIPs refer to the processes by which Ethereum network upgrades and implementation standards are discussed and developed.
EIPs define certain standards for the Ethereum platform, including basic protocol principles, client APIs, and contract standards.
EIPs provide a technical standard for changes as well as the unit where management takes place in Ethereum. Accordingly, stakeholders in the community are debating to determine whether the standards should be adopted.
EIP processes include five different stages: idea/discussion, draft, review, final call and final decision.
EIPs are expressed by various names according to the technical differences they contain. For example, the Ethereum Gray Glacier update includes the EIP-5133 recommendation.