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What is a bip proposal?
A Bitcoin Improvement Proposal, or BIP, is a technical document that proposes changes, ideas, or enhancements to the core Bitcoin blockchain. These BIPs can range from general community guidelines to major changes to the protocol. However, each BIP usually focuses on making one key change to the blockchain.
What are the three types of Bitcoin improvement proposals?
Overall, there are three types of Bitcoin Improvement Proposals: Standards Track BIPs, Process BIPs and Informational BIPs.
How do I submit a Bitcoin improvement proposal?
Become familiar with the BIP process To submit a Bitcoin improvement proposal, you need to understand the BIP process. Here's how: Read and understand the BIP documentation available on the Bitcoin website. Familiarize yourself with the different types of BIPs, such as standards track, informational, and process.
How are changes in Bitcoin approved?
An editor reviews the proposal and ensures that it meets the necessary criteria. Once approved, the BIP goes through a voting process by the Bitcoin community. A 95% majority vote is required for the proposal to be implemented. If approved, the changes are integrated into future updates of the Bitcoin Core software.
What is the purpose of a BIP?
A behavior intervention plan (or BIP) is a formal, written plan that teaches and rewards good behavior. The purpose is to prevent or stop misbehavior. A BIP can be a single page or many pages.