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==Abstract==
-BIP stands for Bitcoin Improvement Proposal. A BIP is a design document providing information to the Bitcoin community, or describing a new feature for Bitcoin or its processes or environment. The BIP should provide a concise technical specification of the feature and a rationale for the feature.
+A Bitcoin Improvement Proposal (BIP) is a design document providing information to the Bitcoin community, or describing a new feature for Bitcoin or its processes or environment. The BIP should provide a concise technical specification of the feature and a rationale for the feature.
We intend BIPs to be the primary mechanisms for proposing new features, for collecting community input on an issue, and for documenting the design decisions that have gone into Bitcoin. The BIP author is responsible for building consensus within the community and documenting dissenting opinions.
Because the BIPs are maintained as text files in a versioned repository, their revision history is the historical record of the feature proposal.
-This BIP describes objective criteria that can be used to determine when a BIP Status should be changed, to ensure it is a reliable metric documenting actual usage of the proposal. It also adds a way for final comment on completed BIPs, by adding to them a reference to a wiki page and summary of the tone thereof. Finally, it extends the list of allowable BIP licenses to include many more popular options.
+This particular BIP replaces BIP 1 with a more well-defined and clear process.
==Copyright==