WiMi Announced a Machine Learning-Based Blockchain Hybrid Consensus Algorithm

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Oct 14, 2024, 10:50 ET

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.

SOURCE WiMi Hologram Cloud Inc.