WiMi Developed a Payment Channel Rebalancing Model for Layer-2 Blockchain [Yahoo! Finance]
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: Yahoo! Finance
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 rebalancing model comes in. The rebalancing model ensures that the payment channel can operate stably under various transaction scenarios by
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WIMI
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 BlockchainPR Newswire
- 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