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

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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.