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
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
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