SPV allows users to validate their transactions without having to be bothered about anyone else’s transactions. SPV ensures that the user’s transactions are in a block and it also provides confirmation or proof of work about the additional blocks are being added to the chain, as reported by Jonald Fyookball on Medium.
Wright, popularly known as Faketoshi, has been reminding his followers about the mention of SPV in Satoshi’s Bitcoin white paper. He had recently tweeted about giving 10 years to everyone to build SPV through Satoshi’s White paper. Wright wrote:
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