SPV

Simplified Payment Verification

Simplified Payment Verification

Merkle Trees

...itcoin node must store the entire blockchain (approximately 15GB as of 2013), a simplified payment verification (SPV) node only needs to download block headers containing Merkle roots, requir...

References and Further Reading

...izational governance through smart contracts. Key technical components include simplified payment verification (SPV) for light clients, Merkle trees for efficient data verification, and Patr...

Technology Stack

...ther transactions using the same infrastructure -- full nodes, block explorers, SPV wallets -- that they use for Bitcoin itself. The second layer is the Omni Laye...