Ethereum Improvement Proposals (EIPs) are pivotal documents that propel the evolution of Ethereum by defining technical standards, guidelines, and proposals for system enhancements. Given their critical importance, ensuring their integrity, accessibility, and transparency must be a priority.
As a standard, EIP final documents have been primarily stored on GitHub, which is an off-chain platform. While GitHub serves its purpose effectively, it stands in contrast to Ethereum's foundational principle of decentralization. Off-chain storage introduces risks associated with centralization, such as potential censorship, loss of data, or control by a single entity. As Ethereum seeks to uphold its core principles, these risks present significant challenges.
A natural solution to these challenges is the tokenization of EIPs' final documents. By etching these documents directly onto the Ethereum blockchain itself, it ensures that they are stored immutably and permanently. Furthermore, tokenizing EIPs eliminates reliance on centralized off-chain platforms like GitHub.
Tokenizing EIPs reinforces Ethereum's commitment to being a fully on-chain L1 blockchain, ensuring that its critical documents are safeguarded within its blockchain itself. Blockchain-based storage guarantees the long-term availability of these documents, making it cryptographically impossible for any single entity or event to exert undue control or influence.
Integrity and Immutability: Once tokenized and stored on the blockchain, EIPs' final documents cannot be altered or deleted, preserving their integrity and historical accuracy.
Censorship Resistance: Storing EIPs on the Ethereum blockchain itself cryptographically protects them from censorship.
Long-term Preservation: Blockchain storage's decentralized nature ensures that EIPs are preserved indefinitely, safeguarding Ethereum’s history.
In conclusion, tokenizing EIPs and storing directly onto the Ethereum blockchain itself could symbolically represents a pivotal evolution for Ethereum, setting a precedent for the on-chain storage of critical documents while reaffirming its L1’s foundational principles: decentralization, censorship resistance, and immutability.
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Please note that this article does not advocate for IPFS-based storage methods but emphasizes using the Ethereum blockchain as the primary data storage layer, as proposed by the Xyxyx Launchpad through the A4 model.
To further understand this article, we recommend reading our previous blog post.