coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

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.

Share this with a friend!

Related Terms

Bull Market
A bull market indicates the direction of the market going in an upward trend.
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Full Node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
Fear, Uncertainty and Doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.