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bip or bip is an acronym that stands for Bitcoin Improvement proposal and anytime someone creates a proposal the idea is assigned a number today weamp;#39;re going to be looking at bip 39 which outlines a standard way to create and backup a crypto wallet using a nemonic phrase welcome to whiteboard crypto the number one YouTube channel for crypto education here we explain topics of the cryptocurrency world using analogies simple stories and examples so that anyone can easily understand them in this video Iamp;#39;m going to be explaining what bip 39 is and how it works before we get into this video though if youamp;#39;re not sure what a crypto wallet is youamp;#39;ll benefit from the basic understanding of how they work which luckily for you weamp;#39;ve already whipped together one perfect for you titled what is a cryptocurrency wallet after you watch that video in the description youamp;#39;ll know that a wallet Works basically by having a seed phrase which controls the wallet