SHENZHEN, China, Feb. 18,
2025 /PRNewswire/ -- MicroCloud Hologram Inc.
(NASDAQ: HOLO), ("HOLO" or the "Company"), a technology service
provider, announced that they invested to develop a quantum
blockchain technology. The key lies in the quantum asymmetric
consensus chain algorithm based on the Bitcoin
blockchain. This algorithm is dedicated to introducing quantum
security into the blockchain ecosystem to ensure the security and
reliability of digital transactions. The company plans to allocate
no more than $200 million for
investment in derivatives and technology development in cutting -
edge technology fields related to Bitcoin, such as
blockchain, quantum computing, and artificial intelligence. It will
also incorporate the technologies resulting from the $200 - million investment into its fund - usage
strategy.
They have developed a quantum
blockchain technology, with the key being the quantum asymmetric
consensus chain algorithm based on the Bitcoin
blockchain. This algorithm aims to introduce quantum security into
the blockchain ecosystem to ensure the safety and reliability of
digital transactions.
Firstly, the quantum asymmetric consensus chain algorithm in
this technology achieves an organic integration of quantum
technology and blockchain. By utilizing quantum signature
technology, it enhances the security of traditional encryption
algorithms, effectively defending against the potential threats
that quantum computing poses to traditional blockchain
technologies, thus building a security defense for users' digital
assets. This integration improves
the security and decentralized nature of the
system.
Secondly, in the area of stake consensus, HOLO's technology
differs from traditional stake consensus. In this system, stake
consensus does not require nodes to perform mining operations,
eliminating the competition for computing power. This
characteristic increases the system's decentralization, allowing
every participant holding stakes to engage in the consensus
process.
Specifically, in the proof-of-stake mechanism, mining is no
longer a necessary condition. Users who hold stakes participate in
the consensus process and generate new blocks through proof of
stake. This mechanism ensures fairness within the system, providing
all participants with an opportunity to generate new blocks.
At the same time, the system adopts a fair voting mechanism.
Based on a delegated proof-of-stake consensus algorithm, users
generate blocks through delegated stakes, eliminating the need to
compete for mining rights. Instead, they participate in voting
based on the stakes they hold, making the entire consensus process
more equitable.
From the perspective of the overall blockchain network
architecture, the system's decentralization features are highly
evident. It employs a distributed ledger and peer-to-peer network,
allowing each node to independently verify and store transaction
information without relying on centralized servers, aiming to ensure the system's
security and reliability. Furthermore, since there is no mining
process, the reward mechanism is fairer, with users earning the
right to generate new blocks based on the stakes they hold, thereby
receiving corresponding rewards.
HOLO's quantum blockchain technology holds profound significance
in today's rapidly advancing digital era. It integrates the
structure of the Bitcoin blockchain with the security
of quantum technology, creating a stable
digital transaction platform for the quantum computing age.
This technology fills the gaps in traditional blockchain systems
under the threat of quantum computing, providing a more efficient infrastructure for the
digital society.
The development of this technology addresses current security
issues in the digital economy while focusing on future growth. HOLO
will continue to optimize its ecosystem, expand application
scenarios, and create a secure, transparent, and
decentralized digital transaction environment for
users, businesses, and society, driving the sustainable development
of the digital society.
The company is investing to develop a quantum blockchain
technology. The core technology is the quantum asymmetric consensus
chain algorithm constructed on the Bitcoin blockchain.
This algorithm aims to integrate quantum - level security into the
blockchain ecosystem, ensuring the stability and reliability of
digital transactions. To this end, the company intends to allocate
no more than $200 million
specifically for derivative products and technological innovation
in cutting - edge technology fields such as Bitcoin
blockchain, quantum computing, and artificial intelligence.
Moreover, the technological achievements generated from this
$200 million investment will be
integrated into the company's capital operation strategy.
In the future, HOLO will continue to absorb new quantum
technological advancements, continuously improving the quantum
asymmetric consensus chain algorithm to enhance the system's
performance and security, adapting to the quantum computing
environment and defending against potential risks. Moreover,
quantum blockchain technology is expected to transcend the digital
currency sector and deeply integrate with practical industries such
as finance, supply chain, and healthcare. By leveraging the quantum
security features, it will provide a solid infrastructure for the
digital transformation of these industries, thus opening a new era
of the digital economy and creating a safer, more innovative
development outlook.
About MicroCloud Hologram Inc.
MicroCloud is committed to providing leading holographic
technology services to its customers worldwide. MicroCloud's
holographic technology services include high-precision holographic
light detection and ranging ("LiDAR") solutions, based on
holographic technology, exclusive holographic LiDAR point cloud
algorithms architecture design, breakthrough technical holographic
imaging solutions, holographic LiDAR sensor chip design and
holographic vehicle intelligent vision technology to service
customers that provide reliable holographic advanced driver
assistance systems ("ADAS"). MicroCloud also provides holographic
digital twin technology services for customers and has built a
proprietary holographic digital twin technology resource library.
MicroCloud's holographic digital twin technology resource library
captures shapes and objects in 3D holographic form by utilizing a
combination of MicroCloud's holographic digital twin software,
digital content, spatial data-driven data science, holographic
digital cloud algorithm, and holographic 3D capture technology. For
more information, please visit http://ir.mcholo.com/
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand;
the impact of competition and pricing; government regulations;
fluctuations in general economic; financial condition and results
of operations; the expected growth of the holographic industry and
business conditions in China and
the international markets the Company plans to serve and
assumptions underlying or related to any of the foregoing and other
risks contained in reports filed by the Company with the Securities
and Exchange Commission ("SEC"), including the Company's most
recently filed Annual Report on Form 10-K and current report on
Form 6-K and its subsequent filings. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
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SOURCE MicroCloud Hologram Inc.
