Bitcoin Improvement Proposal (BIP)
What is Bitcoin Improvement Proposal (BIP)?
A Bitcoin Improvement Proposal is a design document for providing features or information to Bitcoin. Since then, the BIP in its revised form has taken over as the norm for formally exchanging thoughts regarding prospective Bitcoin upgrades.
Without a central authority, the BIP process manages the Bitcoin community. BIPs can suggest alterations to the development process, community standards, or the consensus layer of Bitcoin.
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