BEIJING, March 20, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a new technology aiming at improving the accuracy and reliability of Bitcoin transaction validation to better meet the growing market demand. The WiMi development team had in-depth research and analysis of existing technologies for Bitcoin transaction validation, gained a deep understanding of their principles and o ...

BEIJING, March. 11, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a lightweight multi-sectoral data-sharing system based on consortium blockchains. This system can connect data between different departments by creating a network of consortium blockchains and ensuring data security and privacy. In this process, data access and integration become a crucial step. T ...

BEIJING, March 8, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is researching a blockchain optimized data storage model based on Extreme Learning Machine (ELM) sharding. ELM is a machine learning algorithm based on artificial neural networks. The core idea of ELM is to initialize the connection weights between the input layer to the hidden layer randomly. Then through pa ...

BEIJING, March 4, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on researching federated blockchain technology to build a decentralized file storage and sharing system. A federated blockchain is a special type of blockchain, which is a blockchain network managed and maintained by multiple organizations. A federated blockchain offers higher performance and priva ...

BEIJING, Feb. 28, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a new cryptocurrency payment system model based on the Polygon blockchain after realizing the huge potential of blockchain technology. The Polygon distributed ledger network has the advantage of being fast, improving the performance of the blockchain. The model, by combining the security of the Bitc ...

Core Viewpoint - WiMi Hologram Cloud Inc. has developed a hybrid LSTM-ELM model that utilizes multi-scale analysis and machine learning techniques to enhance cryptocurrency price prediction accuracy, addressing the complexities of the digital currency market [1][6][7] Group 1: Model Development - The hybrid LSTM-ELM model integrates advanced methods such as multi-scale analysis, artificial intelligence, and signal decomposition to improve prediction accuracy [2][5] - The model begins with thorough data preparation, including handling missing data, outlier detection, and data normalization, which are crucial for accurate predictions [2][3] - The model decomposes cryptocurrency price time series into high, medium, and low-frequency components to better capture price fluctuations [3][4] Group 2: Methodology - The sample entropy method is employed to measure the similarity of time series, allowing for a more accurate reconstruction of frequency components [3][4] - Empirical Modal Decomposition (EMD) and Variational Modal Decomposition (VMD) are used to enhance the decomposition of nonlinear and unstable data, improving prediction capabilities [4][6] - The model combines predictions from different frequency components, leveraging deep learning algorithms like LSTM and ELM to adapt to market variations [5][6] Group 3: Market Context and Implications - The hybrid LSTM-ELM model represents a significant innovation in financial technology, particularly in the context of the booming digital currency market [6][7] - The model's ability to handle both high and low-frequency components makes it a powerful tool for investors navigating market volatility [6][7] - WiMi's advancements in predictive modeling not only aim to provide investors with accurate market information but also signal future developments in the financial technology industry [7]

BEIJING, Feb. 26, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider. As IoT applications continue to expand, traditional security models may not be able to meet the challenges of future digitalization needs. Enterprises are particularly concerned about user data privacy, recognizing that privacy breaches can have a huge impact on user trust and business reputation. Therefore, WiMi's model focuses on ...

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 ...

BEIJING, Feb. 15, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that a technology based on the K-Means algorithm has recently been developed to improve the security and user trust of bitcoin trading platforms. The technology, based on the best set of features from real recorded data, identifies potentially fraudulent users by performing an in-depth analysis of user behavior on Bi ...

Core Viewpoint - WiMi Hologram Cloud Inc. has optimized its blockchain performance by introducing a weighted PBFT consensus algorithm, aimed at increasing throughput, reducing latency, and enhancing fault tolerance in blockchain applications [1][5]. Group 1: Algorithm Overview - The weighted PBFT algorithm is designed to improve the efficiency of blockchain consensus processes by introducing node weights, which reflect the importance and capability of each node [1][3]. - This algorithm addresses issues of network congestion caused by traditional consensus protocols, ensuring that the blockchain system remains efficient even under high transaction volumes [2][5]. - The algorithm includes integration and boosting mechanisms that allow for quick recovery from abnormal network situations, maintaining data consistency and security [5][6]. Group 2: Implementation Steps - The implementation of the weighted PBFT algorithm involves several steps, starting with the initialization of node operations and the client sending transaction requests to the master node [4]. - The master node executes an optimized consistency protocol, and all consensus nodes follow this protocol, with feedback mechanisms in place to ensure the correctness of the consensus [4]. - The system updates the consensus node set based on the integrity of the nodes, ensuring that only reliable nodes participate in the consensus process [4]. Group 3: Future Directions - WiMi plans to continue its focus on blockchain technology development, exploring new application scenarios and technological innovations to provide efficient and secure blockchain solutions across various industries [6].