Loading...
bip 2017-10-30T22:50:01+00:00

What is Bitcoin Improvement Proposal (BIP)?

Bitcoin Improvement Proposals come about when the current state of the network is struggling to keep up with increasing transactions and other ever changing factors. They can be proposed by anyone due to the code being open source, and anyone being able to write and propose improvements. ​All are proposed to make the transaction times faster and in turn enhance user experience.

There are many different forms of improvements proposed, and it often causes a divide in the community over which route the currency should go down. Most recently, an August 1st 2017 deadline was set for which BIP should be taken, and ultimately it’s the miners who collectively decide. Each proposal requires a certain percentage acceptance to take effect.

 

Recent cryptocurrency news

  • Buy Bitcoin Billboard - Promote crypto campaign

Would You Like To Help Promote Cryptocurrency to The Public?

November 6th, 2018|0 Comments

Now's your chance to help increase awareness and adoption of cryptocurrency and help promote crypto to the world! The bitGuru cryptocurrency marketing campaign is 'an ambitious project' aiming to raise funds from fellow cryptocurrency investors [...]

  • Ethermium exchange

Introducing the Cryptocurrency Exchange EtherMium

November 2nd, 2018|0 Comments

Recently, people began to focus more on their anonymity, with regard to which an increasing number of decentralized services appear in the cryptocurrency space, designed to meet the needs of the community. One of them [...]

  • Domain Names Are Crucial For Mass Adoption

NNS Mainnet has launched

October 17th, 2018|0 Comments

The Neo Name service is finally live after months of testing. Users can now bid on .neo domain names to use instead of their public key. NNS launched on November the 9th and users can [...]

  • Mastercard May Be About To Enable Bitcoin Transactions

Mastercard May Be About To Enable Bitcoin Transactions

October 10th, 2018|0 Comments

Bitcoin and cryptocurrencies has gained unprecedented media attention since being launched in 2009. Many have debated as to whether or not bitcoin will make into mainstream markets, and many have argued that bitcoin needs to [...]