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WiMi Deploys Cross-Chain Model Based on Relay Chain and Asynchronous Consensus Mechanism

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WiMi Hologram Cloud (NASDAQ: WIMI) has announced the development of a cross-chain model based on Relay Chain and asynchronous consensus mechanism. The model aims to create an efficient infrastructure for the metaverse by using the Relay Chain as a central bridge connecting multiple independent blockchains.

The Relay Chain coordinates communication between different blockchains, ensuring accurate data transmission and transaction validation. The system implements an asynchronous consensus mechanism to maintain consistency even during network delays or presence of malicious nodes.

This alliance chain cross-chain model enhances system robustness and decentralization while addressing challenges of handling large-scale data in the metaverse. The solution aims to improve scalability and interoperability of the metaverse ecosystem.

WiMi Hologram Cloud (NASDAQ: WIMI) ha annunciato lo sviluppo di un modello cross-chain basato su Relay Chain e un meccanismo di consenso asincrono. L'obiettivo del modello è creare un'infrastruttura efficiente per il metaverso utilizzando la Relay Chain come ponte centrale che connette più blockchain indipendenti.

La Relay Chain coordina la comunicazione tra diverse blockchain, garantendo una trasmissione accurata dei dati e la validazione delle transazioni. Il sistema implementa un meccanismo di consenso asincrono per mantenere la coerenza anche durante ritardi di rete o in presenza di nodi malevoli.

Questo modello di alleanza cross-chain migliora la robustezza e la decentralizzazione del sistema, affrontando allo stesso tempo le sfide di gestione di dati su larga scala nel metaverso. La soluzione mira a migliorare la scalabilità e l'interoperabilità dell'ecosistema del metaverso.

WiMi Hologram Cloud (NASDAQ: WIMI) ha anunciado el desarrollo de un modelo cross-chain basado en Relay Chain y un mecanismo de consenso asíncrono. El modelo tiene como objetivo crear una infraestructura eficiente para el metaverso utilizando la Relay Chain como un puente central que conecta múltiples blockchains independientes.

La Relay Chain coordina la comunicación entre diferentes blockchains, garantizando una transmisión precisa de datos y validación de transacciones. El sistema implementa un mecanismo de consenso asíncrono para mantener la coherencia incluso durante retrasos en la red o en presencia de nodos maliciosos.

Este modelo de cadena de alianza cross-chain mejora la robustez y descentralización del sistema, abordando al mismo tiempo los desafíos de manejo de grandes volúmenes de datos en el metaverso. La solución busca mejorar la escalabilidad y la interoperabilidad del ecosistema del metaverso.

WiMi 홀로그램 클라우드 (NASDAQ: WIMI)는 Relay Chain 및 비동기 합의 메커니즘에 기반한 크로스 체인 모델 개발을 발표했습니다. 이 모델은 Relay Chain을 중앙 브리지로 사용하여 여러 독립 블록체인을 연결하여 메타버스를 위한 효율적인 인프라를 구축하는 것을 목표로 합니다.

Relay Chain은 다양한 블록체인 간의 통신을 조정하여 데이터 전송의 정확성과 거래 검증을 보장합니다. 이 시스템은 네트워크 지연이나 악의적인 노드가 존재하는 경우에도 일관성을 유지하기 위해 비동기 합의 메커니즘을 구현합니다.

이 얼라이언스 체인 크로스 체인 모델은 시스템의 강력함과 분산화를 향상시키면서 메타버스 내 대규모 데이터 처리 문제를 다룹니다. 이 솔루션은 메타버스 생태계의 확장성과 상호운용성을 개선하는 것을 목표로 합니다.

WiMi Hologram Cloud (NASDAQ: WIMI) a annoncé le développement d'un modèle cross-chain basé sur la Relay Chain et un mécanisme de consensus asynchrone. Ce modèle vise à créer une infrastructure efficace pour le métavers en utilisant la Relay Chain comme un pont central reliant plusieurs blockchains indépendantes.

La Relay Chain coordonne la communication entre différentes blockchains, garantissant une transmission précise des données et une validation des transactions. Le système implémente un mécanisme de consensus asynchrone pour maintenir la cohérence même en cas de retards réseau ou de présence de nœuds malveillants.

Ce modèle de chaîne d'alliance cross-chain renforce la robustesse et la décentralisation du système tout en s'attaquant aux défis de gestion de données à grande échelle dans le métavers. La solution vise à améliorer la scalabilité et l'interopérabilité de l'écosystème du métavers.

WiMi Hologram Cloud (NASDAQ: WIMI) hat die Entwicklung eines Cross-Chain-Modells auf Basis der Relay Chain und eines asynchronen Konsensmechanismus angekündigt. Das Ziel des Modells ist es, eine effiziente Infrastruktur für das Metaversum zu schaffen, indem die Relay Chain als zentrale Brücke genutzt wird, die mehrere unabhängige Blockchains verbindet.

Die Relay Chain koordiniert die Kommunikation zwischen verschiedenen Blockchains und gewährleistet eine präzise Datenübertragung und Transaktionsvalidierung. Das System implementiert einen asynchronen Konsensmechanismus, um die Konsistenz selbst bei Netzwerkverzögerungen oder dem Vorhandensein bösartiger Knoten aufrechtzuerhalten.

Dieses Modell der Allianz-Chain-Cross-Chain verbessert die Robustheit und Dezentralisierung des Systems, während es gleichzeitig die Herausforderungen bei der Verarbeitung großer Datenmengen im Metaversum angeht. Die Lösung zielt darauf ab, die Skalierbarkeit und Interoperabilität des Metaversum-Ökosystems zu verbessern.

Positive
  • Development of innovative cross-chain technology for metaverse infrastructure
  • Implementation of advanced security features through Relay Chain
  • Enhanced system scalability and interoperability capabilities
Negative
  • None.

Insights

The cross-chain model WiMi is developing represents a technical solution to blockchain interoperability challenges, but several concerns emerge. The Relay Chain architecture, while theoretically sound for coordinating multiple blockchains, introduces additional complexity and potential security vulnerabilities. The asynchronous consensus mechanism may improve robustness but could face scalability limitations in real-world applications.

The implementation lacks important technical details about throughput capabilities, latency metrics and specific security measures. Without demonstrated performance benchmarks or practical use cases, it's difficult to assess the viability of this solution. Additionally, the metaverse integration aspects appear conceptual rather than concrete, with no clear pathway to commercial deployment.

Given WiMi's relatively small market cap of $79.9M and the significant R&D investment required for such ambitious blockchain infrastructure, there are valid concerns about the company's ability to compete with larger, established players in the space. The announcement seems more aspirational than immediately actionable.

BEIJING, Dec. 16, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they have explored a cross-chain model based on the Relay Chain and asynchronous consensus mechanism. This innovative solution aims to build an efficient, secure, and flexible infrastructure for the metaverse.

The core of the cross-chain model studied by WiMi lies in the design of the Relay Chain. As a central component of the cross-chain model, the Relay Chain acts as a bridge connecting multiple independent blockchains (application chains). It is responsible for coordinating communication and transaction validation between different blockchains, ensuring accurate data transmission across chains. Through cross-chain gateways, the Relay Chain can identify and process requests from various application chains, achieving consistency and security in cross-chain transactions. Furthermore, the Relay Chain leverages its robust consensus mechanism to provide additional security for all connected application chains, reducing the impact of individual chain vulnerabilities on the entire ecosystem.

In traditional synchronous or partially synchronous consensus protocols, network latency and message transmission times directly impact system performance and security. To overcome these challenges, WiMi adopts an asynchronous consensus mechanism. In an asynchronous environment, the system can ensure eventual consistency even in the presence of network delays or malicious nodes. This means that all participating nodes, including those on application chains and the Relay Chain, can reach a consensus on transaction states under uncertain network conditions, ensuring the timeliness and reliability of transactions within the metaverse.

WiMi's alliance chain cross-chain model, based on the Relay Chain and asynchronous consensus mechanism, introduces the Relay Chain to coordinate different application chains and adopts an asynchronous consensus mechanism to enhance system robustness and decentralization. This model effectively addresses the challenges of handling large-scale data and commercial services in the metaverse while paving a new path to solving interoperability issues in multi-chain environments. By optimizing data transmission and transaction validation processes in multi-chain settings, the model not only enhances the scalability and interoperability of the metaverse ecosystem but also lays a more solid and secure foundation for the future digital economy. As the technology continues to evolve and improve, the cross-chain model is expected to play an increasingly significant role in future metaverse networks, helping to build a more open, inclusive, and secure digital world.

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.

 

 

 

Cision View original content:https://www.prnewswire.com/news-releases/wimi-deploys-cross-chain-model-based-on-relay-chain-and-asynchronous-consensus-mechanism-302332647.html

SOURCE WiMi Hologram Cloud Inc.

FAQ

What is WIMI's new cross-chain model technology announced in December 2024?

WIMI announced a cross-chain model based on Relay Chain and asynchronous consensus mechanism, designed to build efficient infrastructure for the metaverse by connecting multiple independent blockchains.

How does WIMI's Relay Chain technology work in the cross-chain model?

The Relay Chain acts as a bridge connecting multiple blockchains, coordinating communication and transaction validation between different chains while ensuring accurate data transmission.

What advantages does WIMI's asynchronous consensus mechanism offer?

The asynchronous consensus mechanism ensures system consistency even during network delays or malicious node presence, improving transaction reliability and timeliness in the metaverse.

How will WIMI's cross-chain model impact the metaverse ecosystem?

The model enhances scalability and interoperability of the metaverse ecosystem while providing a more secure foundation for the digital economy through optimized data transmission and transaction validation.

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