BEIJING, Dec. 16,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced that
they have explored a cross-chain model based on the Relay Chain and
asynchronous consensus mechanism. This innovative solution aims to
build an efficient, secure, and flexible infrastructure for the
metaverse.
The core of the cross-chain model studied by WiMi lies in the
design of the Relay Chain. As a central component of the
cross-chain model, the Relay Chain acts as a bridge connecting
multiple independent blockchains (application chains). It is
responsible for coordinating communication and transaction
validation between different blockchains, ensuring accurate data
transmission across chains. Through cross-chain gateways, the Relay
Chain can identify and process requests from various application
chains, achieving consistency and security in cross-chain
transactions. Furthermore, the Relay Chain leverages its robust
consensus mechanism to provide additional security for all
connected application chains, reducing the impact of individual
chain vulnerabilities on the entire ecosystem.
In traditional synchronous or partially synchronous consensus
protocols, network latency and message transmission times directly
impact system performance and security. To overcome these
challenges, WiMi adopts an asynchronous consensus mechanism. In an
asynchronous environment, the system can ensure eventual
consistency even in the presence of network delays or malicious
nodes. This means that all participating nodes, including those on
application chains and the Relay Chain, can reach a consensus on
transaction states under uncertain network conditions, ensuring the
timeliness and reliability of transactions within the
metaverse.
WiMi's alliance chain cross-chain model, based on the Relay
Chain and asynchronous consensus mechanism, introduces the Relay
Chain to coordinate different application chains and adopts an
asynchronous consensus mechanism to enhance system robustness and
decentralization. This model effectively addresses the challenges
of handling large-scale data and commercial services in the
metaverse while paving a new path to solving interoperability
issues in multi-chain environments. By optimizing data transmission
and transaction validation processes in multi-chain settings, the
model not only enhances the scalability and interoperability of the
metaverse ecosystem but also lays a more solid and secure
foundation for the future digital economy. As the technology
continues to evolve and improve, the cross-chain model is expected
to play an increasingly significant role in future metaverse
networks, helping to build a more open, inclusive, and secure
digital world.
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.
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SOURCE WiMi Hologram Cloud Inc.