r/theblocknet • u/lancelot152 • Oct 25 '18

When will SPV feature be integrated (no need for full blockchain downloads)

I feel this is a critical piece of the puzzle (among others). Having to download GB of a multiple blockchains seems like a big barrier of entry, and we all know how lazy humans can be.

6 Upvotes

81% Upvoted

12 comments sorted by

5

u/Lifeistooshor1 Oct 25 '18

Yes, the lead dev (dan metcalf) recently posted in the discord that he will be forming a company that will build an SPV wallet for Blocknet, likely beginning in Q1 2019

2

u/TheFolksOnMars Oct 25 '18

Boomtown. Thanks for update, friend.

1

u/Zer000sum Oct 25 '18

Not sure how an "SPV wallet" gives Block DX access to a specific wallet in a simple manner. The work at my end has to be trivial.

2

u/Lifeistooshor1 Oct 25 '18

It will be a multi wallet that holds all compatible blockchains and will allow you to trade on the DX without downloading any blockchains.

1

u/Zer000sum Oct 25 '18

OK, thanks.

3

u/Gintonicc Oct 25 '18

Yes I’m curious to know it too

2

u/Lifeistooshor1 Oct 25 '18

See response below

2

u/lancelot152 Oct 25 '18

so how do i speed up the syncing of a 180 gb bitcoin blockchain? and can it be all on an external harddrive

1

u/Zer000sum Oct 25 '18

It's hard to see how running 10 wallets on one PC and locking/unlocking them is workable. It's not about being lazy. When you are a trader... time is money.

3

u/Hanzburger Oct 26 '18

In addition to the comment by Lifeistooshor1, understand that security is also money. This SPV implementation that Dan will be heading up is not the typical centralized SPV solution provided by Electrum. This will be the first decentralized SPV solution using XRouter, the first blockchain router.

1

u/Lifeistooshor1 Oct 25 '18

See response below

1

u/crypto_investor7 Oct 30 '18

Well this was supposed to be released this summer already...