Simplified Payment Verification (SPV)
A Simplified Payment Verification (SPV) is a way for lightweight apps to check if transactions are valid on the blockchain without needing to download the entire blockchain.
More terms under S
- Sim SwappingSim swapping is a method used by hackers to take control of someone's mobile phone. They do this to access accounts that use two-factor authentication or…
- Simple Agreement for Future Token (SAFT)A Simple Agreement for Future Token (SAFT) is a contract that allows investors to buy rights to a cryptocurrency token that will be launched later. It is…
- Simple Ledger Protocol (SLP)Simple Ledger Protocol (SLP) is a system that lets people create their own tokens on the Bitcoin Cash network. These tokens can represent anything users want.
- SkynetSkynet is a service that uses the Sia blockchain to store files in a decentralized way, meaning your data is spread across many computers instead of being kept…
- SlashingSlashing is a penalty in Proof of Stake (PoS) networks that punishes validators for bad behavior, helping to keep the network secure and honest.
- SlippageSlippage occurs when traders end up paying a different price than they expected because the price changed before their order was completed.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.