EIP stands for Ethereum Improvement Proposal. An EIP is an informative document describing proposed changes or new features for Ethereum, which typically contains the technical specifications of the proposal and the rationale behind it. In addition, EIP authors are responsible for building consensus within the community and documenting dissenting opinions. Anyone can create an EIP. EIP-1 details the requirements and recommendations for submitting EIPs.
EIP also serves as a governance mechanism for Ethereum because EIP is instrumental in facilitating making changes to Ethereum and documenting them. It is a process in which Ethereum community members propose, evaluate and implement network updates.
A Standards Track EIP describes any change that affects most or all Ethereum implementations, such as a change to the network protocol or a change in block or transaction validity rules. Standards Track EIPs can be further broken down into the following categories:
A Meta EIP describes a process surrounding Ethereum. Meta EIPs are like Standards Track EIPs but apply to areas other than the Ethereum protocol. They may propose an implementation, but not to Ethereum’s codebase. They often require community consensus. Unlike Informational EIPs, they are more than recommendations, and users are typically not free to ignore them. Examples include changes to the tools or environment used in Ethereum development.
An Informational EIP describes an Ethereum design issue or provides general guidelines or information to the Ethereum community but does not propose a new feature. Informational EIPs do not necessarily represent Ethereum community consensus or a recommendation, so users and implementers are free to ignore Informational EIPs or follow their advice.
EIP Editors maintain and manage the EIPs. For example, EIP Editors check new EIP submissions to see if they are sound, complete, and free of grammar errors, assign EIP numbers, etc. But EIP Editors only perform administrative and editorial tasks. They don’t pass judgment on EIPs.
The current EIP editors are:

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