Bux Wallet for you
What is LiteClient - Features Overview
A collection of modular components that facilitate Simplified Payment Verification (SPV). LiteClient allows exchanges to validate their subset of transactions by leveraging Merkle proofs via block headers, and the ability to check unspent transactions on the blockchain. This approach eliminates the need to run a full node, which can cost thousands of dollars per month. By utilising LiteClient infrastructure, exchanges can significantly reduce their running costs by approximately 100 times at the moment. Simultaneously, they can still ensure the validation of transactions efficiently and securely. The key advantage of LiteClient is that it enables businesses to scale with the volume of their transactions rather than the total network volume. This scalability is crucial as more businesses adopt blockchain applications.