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
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Dominance
Typically refers to Bitcoins' market capitalization dominance.
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