MicroCloud Hologram Inc., a technology service provider, announced that they invested to develop a quantum blockchain technology. The key lies in the quantum asymmetric consensus chain algorithm based on the Bitcoin blockchain. This algorithm is dedicated to introducing quantum security into the blockchain ecosystem to ensure the security and reliability of digital transactions. The company plans to allocate no more than $200 million for investment in derivatives and technology development in cutting – edge technology fields related to Bitcoin, such as blockchain, quantum computing, and artificial intelligence. It will also incorporate the technologies resulting from the $200 – million investment into its fund – usage strategy.
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They have developed a quantum blockchain technology, with the key being the quantum asymmetric consensus chain algorithm based on the Bitcoin blockchain. This algorithm aims to introduce quantum security into the blockchain ecosystem to ensure the safety and reliability of digital transactions.
Firstly, the quantum asymmetric consensus chain algorithm in this technology achieves an organic integration of quantum technology and blockchain. By utilizing quantum signature technology, it enhances the security of traditional encryption algorithms, effectively defending against the potential threats that quantum computing poses to traditional blockchain technologies, thus building a security defense for users’ digital assets. This integration improves the security and decentralized nature of the system.
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Secondly, in the area of stake consensus, HOLO’s technology differs from traditional stake consensus. In this system, stake consensus does not require nodes to perform mining operations, eliminating the competition for computing power. This characteristic increases the system’s decentralization, allowing every participant holding stakes to engage in the consensus process.
Specifically, in the proof-of-stake mechanism, mining is no longer a necessary condition. Users who hold stakes participate in the consensus process and generate new blocks through proof of stake. This mechanism ensures fairness within the system, providing all participants with an opportunity to generate new blocks.
At the same time, the system adopts a fair voting mechanism. Based on a delegated proof-of-stake consensus algorithm, users generate blocks through delegated stakes, eliminating the need to compete for mining rights. Instead, they participate in voting based on the stakes they hold, making the entire consensus process more equitable.
From the perspective of the overall blockchain network architecture, the system’s decentralization features are highly evident. It employs a distributed ledger and peer-to-peer network, allowing each node to independently verify and store transaction information without relying on centralized servers, aiming to ensure the system’s security and reliability. Furthermore, since there is no mining process, the reward mechanism is fairer, with users earning the right to generate new blocks based on the stakes they hold, thereby receiving corresponding rewards.
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HOLO’s quantum blockchain technology holds profound significance in today’s rapidly advancing digital era. It integrates the structure of the Bitcoin blockchain with the security of quantum technology, creating a stable digital transaction platform for the quantum computing age. This technology fills the gaps in traditional blockchain systems under the threat of quantum computing, providing a more efficient infrastructure for the digital society.
The development of this technology addresses current security issues in the digital economy while focusing on future growth. HOLO will continue to optimize its ecosystem, expand application scenarios, and create a secure, transparent, and decentralized digital transaction environment for users, businesses, and society, driving the sustainable development of the digital society.
The company is investing to develop a quantum blockchain technology. The core technology is the quantum asymmetric consensus chain algorithm constructed on the Bitcoin blockchain. This algorithm aims to integrate quantum – level security into the blockchain ecosystem, ensuring the stability and reliability of digital transactions. To this end, the company intends to allocate no more than $200 million specifically for derivative products and technological innovation in cutting – edge technology fields such as Bitcoin blockchain, quantum computing, and artificial intelligence. Moreover, the technological achievements generated from this $200 million investment will be integrated into the company’s capital operation strategy.
In the future, HOLO will continue to absorb new quantum technological advancements, continuously improving the quantum asymmetric consensus chain algorithm to enhance the system’s performance and security, adapting to the quantum computing environment and defending against potential risks. Moreover, quantum blockchain technology is expected to transcend the digital currency sector and deeply integrate with practical industries such as finance, supply chain, and healthcare. By leveraging the quantum security features, it will provide a solid infrastructure for the digital transformation of these industries, thus opening a new era of the digital economy and creating a safer, more innovative development outlook.
Source: Businesswire
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