WiMi Announced GradingShard Blockchain Sharding Technology
BEIJING, April. 22, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced a GradingShard blockchain sharding technology. GradingShard sharding technology spreads the storage and computation pressure of the entire blockchain network to different nodes by dividing the blockchain network into multiple shards, each containing only a portion of the transaction records and information. Different from the traditional sharding technology, GradingShard introduces a new sharding selection algorithm, which scores nodes according to their computing and storage capabilities, and then selects the nodes with the highest scores to store and process the corresponding segments. In this way, it not only improves the performance and scalability of the entire blockchain network, but also avoids the situation where a few nodes monopolize the entire network.