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.
The weighted PBFT algorithm is an efficient consensus algorithm
designed to increase throughput, reduce latency and enhance
fault-tolerant performance. It makes targeted improvements to the
consensus algorithm based on specific blockchain usage scenarios,
enabling the blockchain system to remain efficient and stable when
dealing with a large number of transactions.
In traditional consensus protocols, communication interactions
between nodes can lead to massive network congestion, affecting the
consistency efficiency of the algorithm. To solve this problem,
WiMi adopts a weighted PBFT algorithm to optimize the consensus
protocol by combining the characteristics of the coalition chain.
The algorithm introduces an integration mechanism and a boosting
mechanism to ensure that the algorithm can quickly recover to its
optimation when Byzantine nodes appear in the network, and execute
the optimized consensus protocol most of the time.
PBFT is an algorithm used to solve the "Byzantine generals
problem", where the consensus operation is accomplished through
mutual communication between nodes. And the weighted PBFT algorithm
is an improvement of PBFT, which makes the consensus process more
efficient by introducing node weights. Through the weighted PBFT
consensus mechanism, WiMi constructs a blockchain consensus
environment and designs a cross-chain consensus optimization
algorithm based on the distribution of nodes in the consensus
domain, which further reduces the throughput and delay and
optimizes the consensus effect.
The specific steps of the blockchain cross-chain consensus
algorithm based on weighted PBFT proposed by WiMi are as follows:
firstly, the initialization node operation is carried out, and the
client sends a transaction request to the master node. The master
node receives the request and numbers the request message, and then
executes the optimized consistency protocol. All consensus nodes
execute this optimized protocol. In the acknowledgement phase, the
system determines the status of the consistency nodes. The master
node receives feedback messages from all consensus nodes, judges
their correctness, and compares them with local pre-prepared
messages to determine whether the values of the corresponding
fields are the same. Once a message is tampered with, its hash
value will change. Therefore, the system performs the corresponding
operations according to the different comparison results. Finally,
the master node will perform node upgrading based on the
integration of the nodes to update the consensus node set and
candidate node set to ensure that the consensus nodes with high
probability are honest nodes. The optimization continues in the
next consensus process.
The weighted PBFT algorithm allows the blockchain system to
remain efficient while processing transactions. This algorithm not
only improves the throughput and reduces the delay of the system,
but also enhances the fault tolerance performance. In addition,
through the integration and boosting mechanisms, the weighted PBFT
algorithm is able to quickly respond to abnormal situations in the
network and ensure data consistency and security. It makes the
consensus process more efficient by introducing node weights, and
also greatly improves the security and stability of the blockchain
system. The application of the weighted PBFT algorithm will further
promote the development of blockchain technology and improve the
performance and reliability of blockchain.
In the future, WiMi will continue to focus on the development of
blockchain technology, actively explore new application scenarios
and technological innovations, provide more efficient, secure and
reliable blockchain solutions for various industries, and promote
the popularization and application of blockchain technology.
About WIMI Hologram Cloud
WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud
comprehensive technical solution provider that focuses on
professional areas including holographic AR automotive HUD
software, 3D holographic pulse LiDAR, head-mounted light field
holographic equipment, holographic semiconductor, holographic cloud
software, holographic car navigation and others. Its services and
holographic AR technologies include holographic AR automotive
application, 3D holographic pulse LiDAR technology, holographic
vision semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
communication and other holographic AR technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will,""expects,""anticipates,""future,""intends,""plans,""believes,""estimates,"
and similar statements. Statements that are not historical facts,
including statements about the Company's beliefs and expectations,
are forward-looking statements. Among other things, the business
outlook and quotations from management in this press release and
the Company's strategic and operational plans contain
forward−looking statements. The Company may also make written or
oral forward−looking statements in its periodic reports to the US
Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K,
in its annual report to shareholders, in press releases, and other
written materials, and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
involve inherent risks and uncertainties. Several factors could
cause actual results to differ materially from those contained in
any forward−looking statement, including but not limited to the
following: the Company's goals and strategies; the Company's future
business development, financial condition, and results of
operations; the expected growth of the AR holographic industry; and
the Company's expectations regarding demand for and market
acceptance of its products and services.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and the current report
on Form 6-K and other documents filed with the SEC. All information
provided in this press release is as of the date of this press
release. The Company does not undertake any obligation to update
any forward-looking statement except as required under applicable
laws.
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