Bitcoin Improvement Protocol

A Bitcoin Improvement Protocol (BIP) is a design document for introducing features or information to Bitcoin. BIPs are used to propose new features, improvements, or changes to the Bitcoin protocol. They are authored by members of the Bitcoin community and reviewed by developers before being implemented in a new version of the Bitcoin software. BIPs are typically used for network protocol changes, including transaction format changes, consensus rules, or other network-level features. Once a BIP is accepted and implemented, it…