Bitcoin Improvement Proposal (BIP)

governance

technology

A design document proposing changes or standards for Bitcoin.

Acronym: BIP
Also known as: BIP

definition

Bitcoin Improvement Proposals (BIPs) standardize processes and propose protocol changes. They include standards for wallets, addresses, and soft/hard fork changes. Well-known BIPs include BIP-32 (HD wallets), BIP-39 (mnemonic seeds), and BIP-84 (Bech32 derivation paths).

Conceptual links

Related terms

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The first widely adopted cryptocurrency, using proof of work and a fixed 21 million coin supply.

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