BEIJING, July 15,
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 algorithm based on genetic algorithm. The
genetic algorithm is applied to the consensus node to formulate the
blockchain node fitness function and limit the consensus to a small
fraction to improve computational efficiency. The genetic algorithm
for consensus node selection is applied to all nodes participating
in the coalition blockchain network, and through the algorithm, the
best consensus node is selected to form a complete consortium
blockchain network and improve the overall consensus performance of
the consortium blockchain.
Genetic algorithm is a stochastic search and optimization
technique based on evolution and natural genetics. It performs
searches in complex, large and multi-modal environments and
provides optimal solutions. The distributed nature of the genetic
algorithm is suitable for the distributed node structure of the
blockchain and can provide optimal solutions. The genetic algorithm
targets all individuals in a population and uses randomization
techniques to efficiently search the encoded parameter space.
Selection, crossover and mutation constitute the genetic operations
of the algorithm. Parameter encoding, initial group setting,
fitness function design, genetic operation design and control
parameter setting form the core of the genetic algorithm.
This genetic algorithm-based blockchain consensus algorithm can
improve the efficiency of consensus, block generation and
computation to some extent. The fitness function of the blockchain
nodes and the genetic algorithm can filter the group of consensus
nodes with excellent metrics and limit the consensus to a small
number of nodes. This process is similar to the survival of the
fittest.
In the future, WiMi will further promote the application of
blockchain technology in more fields by optimizing the consensus
mechanism of consortium blockchains. The consensus algorithm based
on a genetic algorithm helps to improve the performance of
consensus nodes, which is of great significance for the application
of consortium blockchains in various fields. However, the
optimization of the consensus performance of consortium blockchains
is still a complex and continuous process, which needs to be
explored continuously to improve the performance of consortium
blockchains. In the future, with the continuous development of
blockchain technology, we believe that more efficient and reliable
consensus algorithms will emerge to further promote the application
of blockchain in various industries.
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.