In the Ethereum world, EIP and ERC phrases come up quite often. What exactly is the difference between the two? EIP stands for Ethereum Improvement Proposal. It is a design document that outlines a proposed change or improvement to Ethereum. Once an EIP has been authorized and confirmed by a committee, it becomes an ERC. ERC stands for Ethereum Request for Comment. It is a protocol for proposing and implementing new Ethereum-based tokens, smart contracts, and other related features. EIPs can ...