WiMi Developed a Payment Channel Rebalancing Model for Layer-2 Blockchain
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: PR Newswire
BEIJING, Aug. 8, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a layer-2 blockchain payment channel rebalancing model technology. By building an additional protocol layer on top of the main chain, the layer-2 network aims to increase transaction speed and reduce costs without sacrificing the security of the main chain. The payment channel technology, as an implementation of the layer-2 network, allows users to conduct transactions off-chain and interact with the main chain only at the beginning and end of a transaction, effectively reducing the number of on-chain transactions and providing a viable solution for high-frequency transactions.WiMi believes that the efficient operation of a payment channel requires a mechanism to ensure the liquidity and continuity of transactions between the two parties to the channel, and this is where the re
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News
- WiMi Developed a Blockchain-Based Integrated Architecture for Security Maintenance in Cloud ComputingPR Newswire
- WiMi Developed a Blockchain Empowered Asynchronous Federated Learning for Optimizing Model TrainingPR Newswire
- WiMi Hologram Cloud Announced an Identity Management Model Based on BlockchainPR Newswire
- WiMi Developed a Payment Channel Rebalancing Model for Layer-2 Blockchain [Yahoo! Finance]Yahoo! Finance
- WiMi Announced a Secure and Trusted Collaborative Learning Based on Blockchain for IoTPR Newswire
WIMI
Sec Filings
- 8/26/24 - Form F-3/A
- 8/9/24 - Form F-3
- WIMI's page on the SEC website