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WiMi unveils new Bitcoin transaction validation tech

EditorNatashya Angelica
Published 03/20/2024, 11:49 AM
© Reuters.
WIMI
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BEIJING - WiMi Hologram Cloud Inc. (NASDAQ:WIMI), a global provider of hologram augmented reality (AR) technology, has introduced the Bitcoin TrustBlock validator, a new technology designed to enhance the accuracy and security of Bitcoin transaction validation. This development, announced today, seeks to address the increasing demand for reliable Bitcoin transaction validation in the market.

The TrustBlock validator represents a significant advancement in the field of Bitcoin transaction validation, employing a combination of symbolic semantics, execution models, and model checkers to enable comprehensive verification of Bitcoin script code. This approach is aimed at minimizing potential security risks and vulnerabilities associated with Bitcoin transactions.

By incorporating historical transaction records and account status, the TrustBlock validator is able to more accurately determine the legitimacy and validity of transactions, unlike traditional validation methods. The validator's modular architecture allows for flexibility and extensibility, adapting to various application scenarios and requirements.

WiMi's technology stands out by using formal verification to verify complex protocols and decentralized applications, providing a broader range of applications and improving the accuracy of the validation process.

The TrustBlock validator also features an application port that can be integrated into real-world platforms such as exchanges and wallet applications to enhance transaction security and reliability.

The introduction of the Bitcoin TrustBlock validator by WiMi is expected to provide the digital currency community with a safer and more reliable trading environment, thereby increasing user trust and investment confidence in digital currency services. This technology could potentially contribute to the healthy development of the digital currency market.

This announcement is based on a press release statement from WiMi Hologram Cloud Inc. and aims to present the key aspects of the newly announced technology without endorsing the claims or projecting future market impacts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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