WiMi Announced a Blockchain Consensus Mechanism Based on Improved Distributed Consistency and Hash Entropy
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.