Term

Version Bits

A mechanism for miners to signal readiness for soft-fork upgrades using bits in the block version field (BIP9).

Type:
btc
upgrade
1
definition

Version bits (BIP9) repurpose the block version field for activation signaling. If sufficient signaling is observed within a window, the new rules lock-in for activation.

Example 1.1

"Miners set a specific bit in block versions to indicate support for SegWit; once the threshold was met over a period, the upgrade locked in."

All terms and definitions may update as the Cryptionary improves.