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
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
Market Maker
Participant of the market who creates buy and orders
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
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