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
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Stale Block
Double mined blocks that are not included in the blockchain.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
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