Retrieving "Bitcoin Improvement Proposal" from the archives

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1. Cryptocurrency

   Linked via "Bitcoin Improvement Proposals (BIPs)"

   Governance and Regulation
   Cryptocurrency networks are inherently decentralized, yet governance structures, whether formal or informal, are necessary for protocol upgrades and dispute resolution. For open-source projects like Bitcoin, changes are often proposed through Bitcoin Improvement Proposals (BIPs). Adoption of these changes requires broad community consensus, which can sometimes lead to contentious network splits, or "forks," when disagreements are irreconcilable.
   Regulatory approaches worldwide vary significantly. Some jurisdictions have e…