Part 5/9:
In contrast, BSV proposes a model that allows for extensive scalability. By employing the Single Payment Verification (SPV) approach, the traditional bottlenecks in transaction processing can be bypassed. The concept is that rather than requiring every node to handle each transaction in real time, a network of large data centers can manage vast amounts of information efficiently.
The speaker argues that the ability to leverage SPV nodes could lead to significant cost reductions in transaction fees and speed. This, they claim, directly contributes to BSV's ability to become a practical currency for everyday transactions on a global scale.