Simplified Payment Verification

      SPV is the acronym used for Simplified-Payment-Verification.

    Simplified Payment Verification is a mechanism that allows for increased processing of personal transactions by removing the need to verify the transactions of others.

     Implemented by separating the roles of node hierarchically, SPV nodes do not store the entire history of a blockchain, rather they only store the transactions and activities that are local and important to them.

      Related Terms:



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