Bitcoin Improvement Proposal (BIP)
By CoinGecko | Updated on Mar 03, 2020
Initially proposed and described by Amir Takir in 2011, Bitcoin Improvement Proposal (BIP) now refers to any proposal submitted by developers to be used to improve Bitcoin either through new features, parameter changes or bug fixes.
Related Terms
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Mining Reward
The reward resulting from contributing computing resources to process transactions
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