WiMi is Working on the Blockchain Collaborative Hybrid Consensus Algorithm to Optimize Blockchain Performance and Security

May 2, 2024

https://www.prnewswire.com/news-releases/wimi-is-working-on-the-blockchain-collaborative-hybrid-consensus-algorithm-to-optimize-blockchain-performance-and-security-302134702.html

BEIJING, May 2, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that it is researching Blockchain collaborative hybrid consensus, which is an approach to optimize the performance and functionality of blockchain systems by combining multiple consensus algorithms and mechanisms. Traditional blockchain systems typically use a single consensus algorithm, such as PoW (Proof of Work), PoS (Proof of Stake), or DPoS (Delegated Proof of Stake), to ensure the security and consistency of the network. However, these single consensus algorithms have some limitations in terms of performance and functionality.

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