WiMi Applied Bitcoin Algorithm DHT Technology to Build Decentralized File Storage and Sharing System
27 December 2023 - 12:00AM
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"),
a leading global Hologram Augmented Reality ("AR") Technology
provider, today announced that a decentralized file storage and
sharing system is built by applying the bitcoin algorithm
distributed hash table (DHT) technology.
The Bitcoin network is a distributed network
consisting of many nodes with no centralized control node. WiMi
draws on this decentralized idea to build a file storage and
sharing network consisting of multiple nodes. Each node owns a
certain amount of storage space and is interconnected with other
nodes. This distributed storage eliminates the dependence on a
single data center and improves data security and fault
tolerance.
A DHT is an underlying algorithm for a
distributed network that maps a file's hash to the address of the
node storing the file via a huge file-indexed hash table. Bitcoin's
algorithm can be applied to build such a DHT system for
decentralized file storage and sharing. Bitcoin's algorithm
provides strong technical support for decentralized storage with
its decentralization, security, and immutability. DHT is a
distributed mechanism for storing and retrieving data. In WiMi's
system, DHT is used to slice files into small chunks and store
these chunks dispersed across multiple nodes. Through the hash
function of DHT, the system can determine the storage location of
the file and realize efficient data retrieval. When a user uploads
a file, the system slices it into small chunks and stores them on
other eligible nodes; when a user downloads a file, the system
retrieves the data chunks from the corresponding nodes and
reassembles them into a complete file.
In this system, files are split into small
chunks and hashes are computed using Bitcoin's hash algorithm. The
hash of each file block is used as an index to map it to the
address of the node where the file block is stored. In this way,
when users need to access or share a file, they only need to
provide the hash of the file block and the system will be able to
look up the address of the node storing the file block from the DHT
and transfer the file block to the user.
Decentralized technology improves system
reliability and reduces the risk of a single point of failure by
having nodes in the network work together to maintain and manage
file storage and sharing. Bitcoin's hash algorithm and blockchain
technology ensure file integrity and tamper-proofing by verifying
the hash of a file block to protect the integrity of the file
against tampering and corruption.DHT technology allows file blocks
to be distributed across nodes in the network, enabling parallel
and distributed file storage and sharing, improving system
performance, and speeding up file transfers. In addition, Bitcoin's
algorithm enables anonymous file storage and sharing, allowing
users to upload and download files using anonymous identities to
protect their privacy.
By utilizing Bitcoin's hash algorithm and
blockchain technology, the integrity and tamper-proofing of files
is effectively protected. The system verifies the hash of the file
block to ensure the integrity of the file and prevent tampering and
corruption. In addition, DHT technology allows file blocks to be
distributed across nodes in the network, thus realizing parallel
and distributed storage and sharing, greatly improving the
performance of the system, as well as speeding up the transmission
of files.
In addition to efficient and secure file storage
and sharing, Bitcoin's algorithm provides the system with
anonymity. Users can upload and download files using anonymous
identities to protect their privacy. This anonymity feature
increases users' trust in the system and comfort in using it and
further satisfies their need for data security and privacy
protection.
The decentralized file storage and sharing
system built by WiMi that applied Bitcoin algorithm DHT technology,
not only improves data security and reliability but also combines
efficiency and anonymity. The application of this technology is of
great significance in meeting the growing demand for file storage
and sharing and promoting the development of the Internet.
About WIMI Hologram CloudWIMI 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 StatementsThis 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.
ContactsWIMI Hologram Cloud Inc.Email:
pr@wimiar.comTEL: 010-53384913
ICR, LLCRobin YangTel: +1 (646) 975-9495Email:
wimi@icrinc.com
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