Search result of BIPS

Bitcoin Improvement Proposals (BIPs) are formal proposals for changes to the Bitcoin protocol, enabling decentralized decision-making and network evolution.

This article aims to define Bitcoin upgrades, trace historical developments to identify certain patterns, analyze current upgrade proposals, and provide readers with key takeaways.

This article analyzes the complexity of Bitcoin upgrades, exploring the community's differing views on upgrades, the history of upgrades, current proposals, and potential alternatives. It provides basic knowledge about Bitcoin upgrades, draws conclusions from historical analysis, and offers insights into the future direction of upgrades.

The decentralized nature of Bitcoin has revolutionized the digital economy. Still, as its use grows, so does the need for enhanced security. This is where OP_VAULT comes in, an innovative feature introducing a mechanism called “covenants” to offer added security and flexibility.

This article introduces five levels of knowledge in the Bitcoin ecosystem, from basic to advanced, explaining Bitcoin-related technologies and concepts in depth.

- Schnorr signatures is a digital signature scheme created in the 1980s by Claus Peter Schnorr. - It was proposed as a replacement for the ECDSA scheme to foster scalability, security, and flexibility on the Bitcoin network. - Schnorr signatures enabled multi-signature transactions and fortifies the Bitcoin network against spam attacks

This article explores OP_VAULT, a Bitcoin feature designed to enhance security by safeguarding funds from loss or unauthorized access. As Bitcoin adoption grows, OP_VAULT introduces "covenants," which let users establish predetermined guidelines for how their cryptocurrency can be used. This feature adds both security and flexibility for protecting digital assets.

The Taproot Upgrade is a recent network upgrade that improved the scalability, privacy, and efficiency of the Bitcoin network.

Solend is a lending protocol in the Solana ecosystem that determines borrowing and lending rates through pool parameters and piecewise functions.

This article analyzes why discounts should be given to these endorsements and whether we should eliminate the discount on witness data by means of a soft fork.

This article introduces three BIP proposals related to Taproot.

Our goal here is to do an overview of all these proposals, figure out what technical patterns they share, figure out what kinds of new opcodes and other soft fork upgrades they need to function, and create a comparison table of how all the parts fit together. Along the way we’ll also define what an L2 protocol actually is, what kind of scaling Lightning is already capable of, and get an understanding of what improvements we need to do to mempools to achieve all this.

The article provides an in-depth exploration of the development history of Bitcoin technology, especially its challenges in handling large-scale applications and transaction scale. The article analyzes the limitations of Bitcoin's original technology, such as the UTXO model, non-Turing complete scripting language, and the history and reasons of Bitcoin forks. Subsequently, the article introduced in detail several key technologies in the development of Bitcoin, including OP_RETURN, Segregated Witness (Segwit), Taproot technology, as well as Schnorr signatures, MAST and Taproot Scripts. The article also discusses new Bitcoin-based protocols such as Ordinals, Inscriptions, and BRC-20, and how they promote the development of the Bitcoin ecosystem. Finally, the article looks forward to the potential applications of new technologies and their possible impact on future development.

This article explores the use of UTXO (Unspent Transaction Output) and the impact of signature size on transaction fees.

This article delves into the concept of Account Abstraction (AA) and its importance in the Ethereum protocol. AA is a proposal aimed at allowing specific Contract Accounts (CAs) to programmatically check the validity of new types of AA transactions, decide whether to pay gas fees on their behalf, and effectively initiate their execution without the need for Externally Owned Accounts (EOAs).