What is a BIP?

Jul 26, 2022

Bitcoin Improvement Proposal (BIP) is a way to pitch an idea on how to change the Bitcoin blockchain. Since Bitcoin does not have a centralized leadership group, it is a way for the community to express ideas, draft and propose technical changes, and to vote for or oppose proposals. The BIP process allows for the network to operate without a leader.

Those who run nodes on the Bitcoin blockchain and make it secure, must agree to any updates. In order for BIP’s to reach consensus, they need a majority vote of over 90%. If BIP’s get approved, the updates will be added to the network.

You can view BIP’s here:

https://github.com/bitcoin/bitcoin

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