BEIJING, July 1, 2024
/PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or
the "Company"), a leading global Hologram Augmented Reality ("AR")
Technology provider, today announced a blockchain consensus
mechanism based on improved distributed consistency and hash
entropy. The consensus mechanism combines the advantages of a
distributed consistency algorithm and hash entropy algorithm,
aiming to improve the efficiency and security of the blockchain
network. It uses an improved distributed consistency algorithm,
which can achieve a consistent state for all nodes in the network
through message passing and state synchronization between nodes.
The distributed consistency algorithm is efficient, scalable and
fault-tolerant, and can effectively solve the performance
bottleneck and single-point-of-failure problems that exist in
traditional consensus mechanisms. Traditional consensus algorithms
are susceptible to attacks and delays in large-scale networks and
malicious node environments, and the security and performance of
blockchain systems can be improved by utilizing the improved
distributed consistency algorithm and introducing more efficient
message passing and inter-node communication mechanisms.
At the same time, the hash entropy algorithm is introduced to
enhance the security of the consensus mechanism. The hash entropy
algorithm utilizes the principle of cryptography and the
characteristics of the hash function to encrypt and verify the
transaction data in the blockchain to ensure the integrity and
tamper-proof of the data. Hash entropy is an entropy indicator
based on the hash function, which is used to assess the security
and randomness of the blockchain. By introducing the hash entropy
algorithm to improve the randomness and unpredictability of the
data, it can effectively resist potential attacks and frauds and
improve the security of the blockchain network.
The blockchain consensus mechanism based on improved distributed
consistency and hash entropy has higher security, scalability and
efficiency, and it is believed that it will play an important role
in future blockchain applications and provide new ideas and methods
for the development of distributed systems.
As the blockchain ecosystem continues to evolve,
interoperability between different blockchain systems becomes
increasingly important. In the future, WiMi will also work on
designing mechanisms for cross-chain interoperability to enable
seamless connectivity and data sharing between different
blockchains. It will also explore ways to further enhance the
security of the blockchain system, including resisting various
attacks and malicious behaviors, and ensuring the reliability and
stability of the system. Through further research and innovation,
it is believed that the blockchain consensus mechanism based on
improved distributed consistency and hash entropy will be more
widely used in the future and contribute to the realization of a
more secure, scalable and sustainable blockchain system.
The future blockchain consensus mechanism, based on the
integration of the improved distributed consistency algorithm and
the principle of hash entropy, will achieve a balance of greater
efficiency, security and scalability. This mechanism will not only
significantly improve transaction processing speed and reduce
energy consumption, but also enhance the network's ability to
resist attacks and ensure data integrity and consistency. It will
be widely used in finance, the Internet of Things, supply chain
management and other fields to promote the development of the trust
economy, build a more robust infrastructure for the digital
society, and open a new era of decentralized
applications.
About WIMI Hologram Cloud
WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud
comprehensive technical solution provider that focuses on
professional areas including holographic AR automotive HUD
software, 3D holographic pulse LiDAR, head-mounted light field
holographic equipment, holographic semiconductor, holographic cloud
software, holographic car navigation and others. Its services and
holographic AR technologies include holographic AR automotive
application, 3D holographic pulse LiDAR technology, holographic
vision semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
communication and other holographic AR technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar statements. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements. Among
other things, the business outlook and quotations from management
in this press release and the Company's strategic and operational
plans contain forward−looking statements. The Company may also make
written or oral forward−looking statements in its periodic reports
to the US Securities and Exchange Commission ("SEC") on Forms 20−F
and 6−K, in its annual report to shareholders, in press releases,
and other written materials, and in oral statements made by its
officers, directors or employees to third parties. Forward-looking
statements involve inherent risks and uncertainties. Several
factors could cause actual results to differ materially from those
contained in any forward−looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, financial condition, and
results of operations; the expected growth of the AR holographic
industry; and the Company's expectations regarding demand for and
market acceptance of its products and services.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and the current report
on Form 6-K and other documents filed with the SEC. All information
provided in this press release is as of the date of this press
release. The Company does not undertake any obligation to update
any forward-looking statement except as required under applicable
laws.
View original
content:https://www.prnewswire.com/news-releases/wimi-announced-a-blockchain-consensus-mechanism-based-on-improved-distributed-consistency-and-hash-entropy-302186980.html
SOURCE WiMi Hologram Cloud Inc.