BEIJING, April. 22, 2024 /PRNewswire/ -- WiMi
Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a
leading global Hologram Augmented Reality ("AR") Technology
provider, today announced a GradingShard blockchain sharding
technology. GradingShard sharding technology spreads the storage
and computation pressure of the entire blockchain network to
different nodes by dividing the blockchain network into multiple
shards, each containing only a portion of the transaction records
and information. Different from the traditional sharding
technology, GradingShard introduces a new sharding selection
algorithm, which scores nodes according to their computing and
storage capabilities, and then selects the nodes with the highest
scores to store and process the corresponding segments. In this
way, it not only improves the performance and scalability of the
entire blockchain network, but also avoids the situation where a
few nodes monopolize the entire network.
The goal of The GradingShard blockchain sharding technology is
to address the limitations of traditional blockchain systems in
terms of scalability and performance. Traditional blockchain
systems often face increased latency and decreased throughput when
processing large amounts of transactions and data, which limits
their widespread use in real-world applications.The GradingShard
sharding technology divides the entire blockchain network into
multiple slices and performs parallel processing within each slice,
thus improving the throughput and performance of the system. In
addressing the challenges in blockchain sharding technology, the
keys to the GradingShard solution include the design of the
sharding strategy, the improvement of the consensus mechanism, and
the implementation of cross-shard communication.
Design of Sharding Strategy: GradingShard realizes efficient
blockchain sharding by designing a reasonable sharding strategy.
The strategy takes into account factors such as nodes' computing
power, bandwidth and storage, as well as the network topology, and
dynamically adjusts the slice size and inter-slice relationship, so
that the load of each slice is balanced and the communication
overhead among them is minimized.
Improvement of Consensus Mechanism: GradingShard improves the
traditional consensus mechanism to adapt to the needs of sharding
technology. By introducing VRF and VDF, GradingShard ensures that
the consensus process for each slice is secure and reliable, and
that consensus is reached quickly.
Cross-Slice Communication: GradingShard provides an efficient
cross-slice communication mechanism that enables effective
communication and fast data exchange and sharing between different
slices. The mechanism utilizes inter-slice cross-authentication and
secure channel technology to ensure the security and reliability of
cross-slice communication.
The GradingShard blockchain sharding technology is a promising
technological innovation that is expected to be applied in
large-scale commercial applications. It can realize efficient
blockchain sharding and improve the throughput and scalability of
the whole system. At the same time, it maintains the
decentralized nature of the blockchain and ensures the
security and trustworthiness of transactions. It effectively solves
the challenges in blockchain sharding technology and realizes a
high-performance and scalable blockchain system. This will provide
a more stable and reliable foundation for the development of
blockchain applications and promote the application and development
of blockchain technology in a wider range of fields.
In the future, WiMi's GradingShard sharding technology will be
continuously optimized to meet the performance requirements in
different scenarios. For example, WiMi will design flexible and
configurable sharding strategies for the business characteristics
of different industries. By adjusting the slice size, the
relationship between slices, and the authority control between
nodes, the blockchain system can be better adapted to the
application needs of different industries. In addition, it will
optimize the consensus mechanism to achieve a faster and more
reliable consensus process. Meanwhile, the cross-chip communication
mechanism is constantly optimized to achieve efficient and secure
cross-chip data exchange, ensuring the security and reliability of
cross-chip communication. Through continuous innovation and
optimization, WiMi hopes to promote blockchain technology to play a
greater role in large-scale commercial applications and bring
unprecedented changes to various industries.
About WIMI Hologram Cloud
WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud
comprehensive technical solution provider that focuses on
professional areas including holographic AR automotive HUD
software, 3D holographic pulse LiDAR, head-mounted light field
holographic equipment, holographic semiconductor, holographic cloud
software, holographic car navigation and others. Its services and
holographic AR technologies include holographic AR automotive
application, 3D holographic pulse LiDAR technology, holographic
vision semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
communication and other holographic AR technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar statements. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements. Among
other things, the business outlook and quotations from management
in this press release and the Company's strategic and operational
plans contain forward−looking statements. The Company may also make
written or oral forward−looking statements in its periodic reports
to the US Securities and Exchange Commission ("SEC") on Forms 20−F
and 6−K, in its annual report to shareholders, in press releases,
and other written materials, and in oral statements made by its
officers, directors or employees to third parties. Forward-looking
statements involve inherent risks and uncertainties. Several
factors could cause actual results to differ materially from those
contained in any forward−looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, financial condition, and
results of operations; the expected growth of the AR holographic
industry; and the Company's expectations regarding demand for and
market acceptance of its products and services.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and the current report
on Form 6-K and other documents filed with the SEC. All information
provided in this press release is as of the date of this press
release. The Company does not undertake any obligation to update
any forward-looking statement except as required under applicable
laws.
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SOURCE WiMi Hologram Cloud Inc.
