BEIJING, May 15, 2024
/PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or
the "Company"), a leading global Hologram Augmented 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 exist in the
traditional consensus mechanism, and significantly improving the
decision-making efficiency of the system. When the leader node
fails or the network is partitioned, RAFT can determine a new
leader in a very short time through the election mechanism. The
election process follows strict rules to avoid competitive
conflicts among nodes, ensuring that the system can quickly restore
services and maintain high availability. Compared to other
consensus mechanisms that may have long leadership vacancies or
double spending problems, RAFT's election mechanism provides a more
stable operating environment for the blockchain system. The leader
node records incoming client requests sequentially into the log and
is responsible for replicating the log entries to all follower
nodes. RAFT ensures the sequential consistency of the logs across
different nodes through a series of rigorous mechanisms. The log
entries are considered committed upon confirmation by the majority
of the nodes. This mechanism ensures the global consistency of the
data, which guarantees a consistent evolution of the node state,
both in normal operations and in abnormal situations such as
network partitioning and node failures.
WiMi's RAFT consensus algorithm can be deeply integrated into
the blockchain system architecture to achieve significant
improvement in the performance and reliability of the blockchain
system. Its application scenarios mainly include efficient
consensus in alliance chain/private chain scenarios, performance
optimization in sidechain/subchain design, and reliability
enhancement of system components. RAFT can be used as the
underlying consensus mechanism in alliance chain and private chain
projects for specific industry alliances or partners. Since the
participating nodes are strictly authenticated and relatively
limited in number, RAFT's strong leadership mode can ensure rapid
consensus, significantly shorten transaction confirmation time, and
easily cope with highly concurrent transaction scenarios. At the
same time, the orderly log replication mechanism ensures the
precise synchronization of node status, which fundamentally
enhances the data consistency and reliability of the system. When
building multi-chain architecture, Raft can also be utilized to
provide efficient internal consensus services for sidechains or
subchains. Sidechains/subchains focus on processing specific types
of transactions, executing specific business logic, and interacting
with the main chain through cross-chain protocols. RAFT algorithm
enables sidechains/subchains to independently and quickly process
relevant transactions, effectively dispersing the pressure on the
main chain and improving the scalability of the whole system. At
the same time, RAFT ensures the consistency of data within the
sidechain/subchain and avoids the business chaos caused by data
inconsistency. In addition, the RAFT algorithm can also be utilized
in key components such as storage modules and management services
of the blockchain system to ensure the consistency of data within
the components. For example, RAFT is utilized to manage replicated
state machines to ensure that each node state machine executes the
same instructions in the same order to avoid state divergence. In
the management service, the RAFT protocol is used to ensure that
the system configuration information is synchronously updated to
prevent service interruption or data confusion caused by
configuration inconsistency.
In the future, WiMi will continue to explore the in-depth
integration of the RAFT consensus algorithm with other consensus
mechanisms, which is expected to further broaden the application
boundaries of blockchain technology and adapt to a wider range of
more complex blockchain application scenarios, empowering more
industries to achieve secure, efficient and trustworthy data
management, and injecting strong momentum into the development of
the digital economy.
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.
