Bitcoin Improvement Proposals (BIPs)

Bitcoin Improvement Proposals (BIPs) are formal suggestions from the Bitcoin community for enhancing the Bitcoin protocol. They detail proposed changes or new features and serve as a collaborative way to develop and implement improvements. BIPs are reviewed, discussed, and refined before approval, ensuring that innovations are carefully considered and maintain network security and stability. This process allows Bitcoin to evolve responsibly, addressing technical, security, or usability issues through community consensus and transparent documentation.