Popular modern cryptocurrencies like Ethereum and Bitcoin have established processes for improvement proposals, standards, and contributions to ecosystems.
Like them, Tezos is an open-source project with hundreds of software engineers working on its development. To organize their work, there was a need for a repository for forming and storing proposals related to Tezos.
What was done
Later on, we proposed another token standard inspired by ERC-223, ERC-777, and ERC-1155, and it is currently in the Draft state.
TZIP makes the development and upgradeability of Tezos a more open-source, transparent platform process. Anyone who wants to contribute and help scale Tezos may use TZIP templates to form a proposal.
This tool maximizes the participatory nature of developing on Tezos and reduces the barrier to entry for developers to build on the platform, increasing its future adoption as the blockchain platform of choice. The specification and standards that the Serokell team have developed are important for structuring future innovations on Tezos.