Bitcoin Governance and Politics

11 min readarticle

Understand how Bitcoin evolves through rough consensus and running code.

Governance Participants:

  • •Developers: Propose and code changes
  • •Miners: Signal support and enforce rules
  • •Node Operators: Validate and enforce consensus
  • •Economic Nodes: Exchanges, businesses
  • •Users: Ultimate source of value

BIP Process:

  • •Bitcoin Improvement Proposals
  • •Community discussion
  • •Implementation and testing
  • •Activation mechanisms