Term
Bitcoin Improvement Proposal (BIP)
A design document proposing changes or standards for Bitcoin.
Type:
governance
technology
Also known as:
BIP
1
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)
→Bitcoin (BTC) is the first and most secure peer-to-peer electronic cash system, underpinned by blockchain technology.
cryptocurrency
btc
SegWit
→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.
