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
Mainnet
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
PFP
It means both 'profile pic' and 'picture for proof'.
Whitepaper
An introductory paper to consicely explain an issue and a possible solution on the issue.
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