WiMi Researches Consensus Algorithms for Blockchain-based Internet of Things Applications | PR Newswire [Video]

, /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that they are actively exploring consensus algorithms for blockchain-based Internet of Things (IoT) applications, aiming to address the compatibility issues between IoT devices and blockchain networks.

The consensus algorithm for blockchain-based Internet of Things applications can be dynamically adjusted based on the specific requirements of the IoT. For example, parameters such as block size and transaction confirmation time can be adjusted to accommodate different application scenarios and performance needs. By optimizing key parameters that impact scalability and throughput, it ensures fast data processing capability and low-latency response even under heavy network load. The selection of master nodes and validation nodes is done through an anonymous mechanism, which enhances the network’s resistance to attacks while protecting the identity information of the nodes, thus strengthening the overall security …