WiMi Announced Weighted PBFT to Improve Blockchain Cross-Chain Consensus Algorithm and Enhance Security and Stability of Blockchain System
WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)
Company Research
Source: PR Newswire
BEIJING, Feb. 12, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that in order to further improve the performance of blockchain, the cross-chain consensus algorithm for blockchain is optimized and improved, and the weighted PBFT algorithm is introduced. The algorithm is designed to increase throughput, reduce latency and enhance fault-tolerant performance, and the consensus algorithm is targeted to be improved according to the specific use scenarios of the blockchain. The weighted PBFT algorithm is an improved algorithm based on the practical byzantine fault tolerance (PBFT) algorithm, which is made more flexible and efficient by introducing weights. In the weighted PBFT algorithm, each node is given a weight value which reflects the importance and capability of the node. During the operation of the algorithm, the node will decide the influence of its vote a
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WIMI
Sec Filings
- 4/25/24 - Form 20-F
- 4/23/24 - Form 6-K
- 3/18/24 - Form 6-K
- WIMI's page on the SEC website