BSV Blockchain has unveiled its new SPV Wallet, now available in public beta following a successful private testing phase. This open-source, non-custodial hosted wallet is designed as the standardized reference implementation for the BSV ecosystem, offering seamless integration with existing BSV infrastructure.
👉 Discover how SPV Wallet transforms BSV transactions
What Is an SPV Wallet?
An SPV (Simplified Payment Verification) wallet is a lightweight solution that validates transactions without requiring a full node. It serves as the standardized gateway for BSV wallets to interact with the network, particularly when Teranode and Overlay services launch. Key advantages include:
- Cost Efficiency: 100x cheaper to operate than a full node.
- Compliance-Friendly: Direct server-to-counterparty communication for KYC/AML validation.
- Scalability: Optimized for BSV’s high transaction volume (expected to grow exponentially).
"Running SPV Wallet instead of a full node cuts costs significantly by filtering only relevant transactions," notes Darren Kellenschwiler, Technical Lead at BSV Blockchain.
Who Should Use SPV Wallet?
1. Exchanges
- Replace full-node software with SPV Wallet for transaction validation and outbound payments.
- Enhance compliance with configurable domain controls and pre-negotiated KYC checks.
2. Wallet Providers
- Leverage SPV Wallet’s validation functions and Paymail-compatible protocols for secure instant transactions.
3. Businesses
- Integrate plug-and-play wallet capabilities into supply chain, healthcare, or finance apps.
- Align with BSV infrastructure standards for improved security and interoperability.
👉 Explore SPV Wallet’s business applications
Key Features & Roadmap
Core Features:
✔ Create accounts, sign transactions, and check balances.
✔ Send/receive transactions with metadata storage.
✔ CLI, JavaScript, and Go API clients.
Planned Upgrades:
- Mobile wallet app.
- Token and smart contract support.
- Identity manager.
FAQ Section
❓ How does SPV Wallet reduce costs?
By validating only relevant transactions (not the entire blockchain), it slashes operational expenses by 99% compared to full nodes.
❓ Is SPV Wallet compliant with regulations?
Yes, its direct counterparty communication enables pre-transaction KYC/AML checks, meeting jurisdictional requirements.
❓ Can developers customize SPV Wallet?
Absolutely—its open-source design allows modifications while adhering to BSV standards.
Learn More About SPV Wallet
For details, visit the official SPV Wallet page or join the Discord community.
👉 Get started with SPV Wallet today
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