BEIJING, Feb. 12, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that in order to further improve the performance of blockchain, the cross-chain consensus algorithm for blockchain is optimized and improved, and the weighted PBFT algorithm is introduced. The algorithm is designed to increase throughput, reduce latency and enhance fault-tolerant performance, and the consensus algorithm is targeted to be improved according to the specific use scenarios of the blockchain. The weighted PBFT algorithm is an improved algorithm based on the practical byzantine fault tolerance (PBFT) algorithm, which is made more flexible and efficient by introducing weights. In the weighted PBFT algorithm, each node is given a weight value which reflects the importance and capability of the node. During the operation of the algorithm, the node will decide the influence of its vote according to its weight value, thus affecting the final consensus result. By adjusting the weight value, the load and performance of the nodes can be better balanced to improve the overall efficiency and stability of the system.Read more at prnewswire.com
NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.