Bitcoin Improvement Proposal (BIP)

A design document proposing changes or standards for Bitcoin.

Type: governance
technology
Also known as: BIP

Definition

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).

Related Terms

Bitcoin (BTC)

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Bitcoin (BTC) is the first and most secure peer-to-peer electronic cash system, underpinned by blockchain technology.

cryptocurrency

btc

SegWit

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A protocol upgrade that separates transaction data into two segments, mitigating transaction malleability and increasing block capacity.

scaling

btc

All terms and definitions may update as the Cryptionary improves.

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