Bitcoin Improvement Proposal (BIP)

A Bitcoin Improvement Proposal (BIP) is a formal document used by developers and the Bitcoin community to suggest changes or enhancements to Bitcoin's software and protocols. Think of it as a proposal for improving how Bitcoin works, whether by adding new features, fixing issues, or refining existing processes. Once a BIP is written, it undergoes review and discussion before being accepted, rejected, or modified by the community. This collaborative process helps ensure that Bitcoin remains secure, efficient, and adaptable to future needs.