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What is Simplified Payment Verification (SPV)?

Crypto Terms Glossary: What is Simplified Payment Verification (SPV)?

Simplified payment verification (SPV) allows for the running of a light node (or light-client node), more commonly referred to as a crypto wallet. SPV allows a crypto wallet user to verify crypto transactions without needing to download an entire copy of a blockchain or even an entire copy of the block containing the transaction the user wants to verify.

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