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README.md
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-# Bittensor Improvement Template / BIT
+# Bittensor Improvement Proposal (BIP)
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-Bittensor Improvement Templates provide a standardized process for the Bittensor
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-community to propose and discuss changes to the protocol. BITs were inspired by
+Bittensor Improvement Proposals provide a standardized process for the Bittensor
+community to propose and discuss changes to the protocol. BIPs were inspired by
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the Ethereum ecosystem's EIPs
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