WiMi Announced MHConsensus Blockchain Algorithm Achieving Efficient Data Management
BEIJING, Feb. 16, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced an improved HBFT blockchain consensus algorithm for blockchains with multiple independent functions, namely "MHConsensus algorithm".
- BEIJING, Feb. 16, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced an improved HBFT blockchain consensus algorithm for blockchains with multiple independent functions, namely "MHConsensus algorithm".
- The algorithm aims to achieve more efficient data management and election strategies, and to provide a reliable distributed consistency algorithm to cope with Byzantine faults that may occur in distributed systems.
- To address this challenge, WiMi proposed the MHConsensus algorithm, which is designed to ensure that the system can still reach a unanimous consensus in the presence of a Byzantine fault.
- WiMi believes that the MHConsensus algorithm has a huge role to play in transactions to ensure consistency and security of transactions.