BITCOIN IMPROVEMENT PROPOSAL (BIP)

The Bitcoin Improvement Proposal or simply, BIP, pertains to the technical design document that provides data to the Bitcoin community. The information that the community receives details new proposed features, possible processes, or new environments that impact protocols in Bitcoin. 

The changes that are proposed to the community are submitted through the BIP. The BIP’s author is the one in charge for looking for feedback and consensus for the improvements he or she had proposed. A part of this feedback solicitation is recording the dissent or opposition against the proposed modifications.

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