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
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Variable Buy/Sell Tax
On-chain buy sell tax rate that is not fixed, whereby it is possible for contract owners to change at will.
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