BEIJING, Oct. 14,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced a
machine learning-based blockchain hybrid consensus algorithm that
aims to improve the security and trust of the blockchain system. It
also optimizes the consensus process through intelligent
prediction, anomaly detection and adaptive learning to improve
blockchain network performance and reduce resource consumption.
Traditional blockchain consensus algorithms, such as Proof of
Work (PoW) and Proof of Stake (PoS), can ensure the validity of
transactions and the network's security. Still, they have
limitations such as high resource consumption and slow processing
speed. WiMi combines machine learning technology with the hybrid
consensus algorithm, which not only optimizes the security, trust,
and robustness of the consensus protocol, but also enhances the
system's intelligent decision-making capability by predicting
network attacks, anomaly detection, and feature extraction, and
other functions to enhance the system's intelligent decision-making
capabilities, achieve more efficient block verification, and
improve network performance.
Intelligent decision optimization: By integrating machine
learning models, the hybrid consensus algorithm can collect and
analyze network operation data, extract key features, and train
models to predict trends in consensus performance parameters. Based
on these predictions, the system can automatically adjust consensus
parameters, such as block size, difficulty level, etc., to adapt to
dynamic changes in the network, thus improving overall scalability
and efficiency.
Security threat detection and prevention: The machine learning
model continuously monitors the consensus process, and identifies
potential attacks through anomaly detection technology, and once
anomalies are detected, the system immediately takes
countermeasures to effectively prevent security vulnerabilities
from being exploited and safeguard the integrity of the network and
the security of user assets.
Privacy protection and data governance: The hybrid consensus
algorithm also integrates a privacy protection mechanism to ensure
that users' privacy is not compromised during data transmission and
storage. Meanwhile, through smart contracts and data governance
rules, the data is accessible and interpretable, in a bid to build
a more transparent and fair blockchain ecology.
WiMi's machine learning-based blockchain hybrid consensus
algorithm not only represents a major innovation in blockchain
technology, but also provides solid technical support for the
future digital economy. The hybrid consensus algorithm, which
combines machine learning with the decentralized
nature of the blockchain, is not only capable of self-learning and
evolution to adapt to the ever-changing network environment, but
can also predict potential risks in advance through pattern
recognition and data analysis to achieve a more efficient, secure
and sustainable blockchain ecosystem. As the technology continues
to develop, the hybrid consensus algorithm based on machine
learning will become a key component of the next-generation
blockchain infrastructure in the future, leading blockchain
technology into a new stage. In the future, WiMi will also continue
to explore blockchain technology, contributing to the construction
of a more secure, efficient and intelligent digital economic
system.
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.