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Stock impact report

WiMi Announced the Cluster-Based Sharding Blockchain Strategy Used for IoT Collaborative Computing

WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) 
Company Research Source: PR Newswire
BEIJING, Oct. 24, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that cluster-based sharding blockchain strategy can be used for collaborative computing in the Internet of Things. The cluster-based sharding blockchain strategy is a distributed system designed to improve scalability and processing by partitioning the blockchain network into multiple smaller "slices" or "shards". This strategy is particularly suited to large-scale networks like IoT, which can involve a large number of devices and transactions. Sharding can be used to decentralize a blockchain network's data, transaction processing power, or consensus process into multiple independent sub-networks or shards. Each shard handles its own portion of transaction history and current transactions, rather than all of the data for the entire network. Through sharding, the blockchain network is able to p Show less Read more
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