Bitcoin Improvement Proposals (BIPs) Explained
<h2>Pain Points in Bitcoin Protocol Upgrades</h2><p>Bitcoin Improvement Proposals (BIPs) address critical challenges in blockchain scalability and security. A 2023 Chainalysis report revealed that <strong>transaction malleability</strong> caused 12% of payment disputes on legacy systems. Developers struggle with backward compatibility when implementing upgrades like <strong>Segregated Witness (SegWit)</strong>.</p><h2>Technical Solutions Through BIPs</h2><p><strong>Step 1: Proposal Drafting</strong><br>Each BIP undergoes rigorous peer…