WiMi is Working on the Blockchain Collaborative Hybrid Consensus Algorithm to Optimize Blockchain Performance and Security [Yahoo! Finance]
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: Yahoo! Finance
Reality ("AR") Technology provider, today announced that it is researching Blockchain collaborative hybrid consensus, which is an approach to optimize the performance and functionality of blockchain systems by combining multiple consensus algorithms and mechanisms. Traditional blockchain systems typically use a single consensus algorithm, such as PoW (Proof of Work), PoS (Proof of Stake), or DPoS (Delegated Proof of Stake), to ensure the security and consistency of the network. However, these single consensus algorithms have some limitations in terms of performance and functionality. The collaborative hybrid consensus can improve the performance of the blockchain system by combining multiple consensus algorithms and mechanisms to take advantage of the strengths of different consensus mechanisms, while maintaining the security and decentralization of the blockchain. The collaborative hybrid consensus can be divided into two layers: the base consensus layer and the collaborative layer
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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