WiMi Announced the Innovative Application of RAFT Consensus Algorithm in Blockchain to Build a Secure Data Management Model [Yahoo! Finance]
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: Yahoo! Finance
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. The RAFT consistency algorithm adopts a Leader-Follower architecture, where only one active leader node in the system is responsible for handling client requests and log replication. This design simplifies the system state management and makes the decision-making process more centralized and efficient. The leader node can quickly respond to client requests, avoiding the time-consuming negotiation between nodes that may
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News
- WiMi Announced a Intelligent Interconnected Decision-making System Based on Blockchain Technology [Yahoo! Finance]Yahoo! Finance
- WiMi Announced a Intelligent Interconnected Decision-making System Based on Blockchain TechnologyPR Newswire
- WIMI Announced to Jointly Establish a Micro-Consciousness Quantum Research Center With MicroAlgoPR Newswire
- WiMi Developed BlockChain Guardian Technology to Enable IIOT Cybersecurity [Yahoo! Finance]Yahoo! Finance
- WiMi Developed BlockChain Guardian Technology to Enable IIOT CybersecurityPR Newswire
WIMI
Sec Filings
- 4/25/24 - Form 20-F
- 4/23/24 - Form 6-K
- WIMI's page on the SEC website