March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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Bitcoin Improvement Proposals (BIPs)
These documents are used to propose or inform the Bitcoin community about the improvements suggested, the design issues, or information about some aspects of the bitcoin ecosystem. There are three types of Bitcoin improvement proposals, abbreviated as BIPs:
- Standard BIP: Used to describe the major changes that have a major impact on the Bitcoin system, for example, block size changes, network protocol changes, or transaction verification changes.
- Process BIP: A major difference between standard and process BIPs is that standard BIPs cover protocol changes, whereas process BIPs usually deal with proposing a change in a process that is outside the core Bitcoin protocol. These are implemented only after ...
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