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WiMi Announced a Blockchain Consensus Mechanism Based on Improved Distributed Consistency and Hash Entropy
BEIJING, July 1, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR")
About this update from Wimi Hologram Cloud Inc.
[{"type":"text","content":"BEIJING, July 1, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (\"WiMi\" or the \"Company\"), a leading global Hologram Augmented Reality (\"AR\") Technology provider, today announced a blockchain consensus mechanism based on improved distributed consistency and hash entropy. The consensus mechanism combines the advantages of a distributed consistency algorithm and hash entropy algorithm, aiming to improve the efficiency and security of the blockchain network. It uses an improved distributed consistency algorithm, which can achieve a consistent state for all nodes in the network through message passing and state synchronization between nodes. The distributed consistency algorithm is efficient, scalable and fault-tolerant, and can effectively solve the performance bottleneck and single-point-of-failure problems that exist in traditional consensus mechanisms. Traditional consensus algorithms are susceptible to attacks and delays in large-scale networks and malicious node environments, and the security and performance of blockchain systems can be improved by utilizing the improved distributed consistency algorithm and introducing more efficient message passing and inter-node communication mechanisms.\n\nAt the same time, the hash entropy algorithm is introduced to enhance the security of the consensus mechanism. The hash entropy algorithm utilizes the principle of cryptography and the characteristics of the hash function to encrypt and verify the transaction data in the blockchain to ensure the integrity and tamper-proof of the data. Hash entropy is an entropy indicator based on the hash function, which is used to assess the security and randomness of the blockchain. By introducing the hash entropy algorithm to improve the randomness and unpredictability of the data, it can effectively resist potential attacks and frauds and improve the security of the blockchain network.\nThe blockchain consensus mechanism based on improved distributed consistency and hash entropy has higher security, scalability and efficiency, and it is believed that it will play an important role in future blockchain applications and provide new ideas and methods for the development of distributed systems.\nAs the blockchain ecosystem continues to evolve, interoperability between different blockchain systems becomes increasingly important. In the...