Three EIPs that could change Ethereum $ETH in the near future: Guide
In Q4, 2022, Ethereum remains the largest platform for decentralized applications , including decentralized finance applications . As such, every upgrade to its codebase is set to affect the crypto journeys of millions of crypto users.
In this review, we are going to cover the concept of an EIP and study some upcoming EIPs that are set to be crucial for the progress and adoption of Ethereum .To be ready for any challenge of the turbulent Web3 segment, Ethereum needs to adjust its codebase.
— While publishing an EIP, its author should unveil its rationale, motivation, technical details and its shortest non-tech review .— Once approved, major EIPs are integrated into Ethereum’s codebase .Ideologically, the EIP reviewing process is a symbol of democracy, transparency, inclusiveness and decentralization of the Ethereum community.Ethereum is the first-ever blockchain that implemented smart contracts or a “hosting platform” for decentralized applications.
An EIP is a design document providing information to the Ethereum community, or describing a new feature for Ethereum or its processes or environment. The EIP should provide a concise technical specification of the feature and a rationale for the feature.
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