Can a Crypto Wallet be Lightweight, Private, AND Secure? The SPV Model Leads the Way.
Channel: Decred
Date: 2024-01-18

People need mobile wallets that are fast to set up, easy to use and very secure. All too often, mobile wallets make extreme security sacrifices in order to slightly improve ease of use. One example of a bad security practice is when a wallet has to trust a centralised node. 

This is a trust model that processes all wallet information, sent and received, through a single point of failure. A wallet using Simplified Payment Verification (SPV) challenges this convention by providing a high level of security whilst improving the user experience. 

Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

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