WiMi Announced the Innovative Application of RAFT Consensus Algorithm in Blockchain to Build a Secure Data Management Model
BEIJING, May 15, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that RAFT consensus algorithm is used in blockchain to guarantee data consistency. RAFT consensus algorithm, as a concise and easy-to-understand distributed consistency protocol, is especially suitable for closed or semi-closed network environments with stringent performance and deterministic requirements, such as federated chains, private chains, or internal components of specific blockchain systems. Its main technical advantages include efficient, fast and orderly log replication and efficient data synchronization.