SHENZHEN, China, March. 11, 2025 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO) ("HOLO" or the "Company"), a technology service provider, today announced a new Bitcoin blockchain hybrid consensus algorithm. This hybrid consensus algorithm draws on the advantages of the original single consensus algorithm, and through integration and optimization, seeks to further improve the performance and expansibility of the Bitcoin Blockchain system based on ensuring security and consistency.
HOLO employs a PoS based on the verifiable random function (VRF) protocol to elect committee leaders and members. This design ensures the fairness and randomness of the consensus process and avoids the potential concentration of power or malicious behavior. The leader is responsible for generating new blocks, while the verifier is involved in the consensus on the validity of the blocks. This division of labor significantly improves the overall efficiency of the system. HOLO also employs cryptography to secure users' transaction data. All transaction data is encrypted and signed during the block generation and verification process to ensure data integrity and confidentiality. This initiative protects the security of user data and sets the security standard in the industry.
With its hybrid blockchain consensus algorithm, HOLO combines the advantages of multiple consensus algorithms to significantly improve the security and reliability of the network. Specifically, the algorithm can effectively defend against attacks by malicious nodes and ensure the accuracy and integrity of transactions while ensuring the normal operation of the system. In this context, randomly selecting consensus nodes has become a major highlight. This initiative prevents the prediction of attackers, thus reducing the risk of attacks on the network. In addition, the multi-signature mechanism provides an additional guarantee for transaction security. In terms of scalability, the hybrid consensus algorithm demonstrates strong adaptability and flexibility. According to the actual demand and resource conditions, the algorithm is able to intelligently select the most suitable consensus algorithm to meet application scenarios of different scales and complexity. Whether dealing with large-scale transactions or data storage, the hybrid consensus algorithm is able to deliver outstanding performance. Most importantly, the hybrid consensus algorithm also provides strong support for the diversity of business requirements. Depending on the requirements, the diverse combination of algorithms enables HOLO to provide targeted blockchain solutions to meet the diversified needs of customers.
HOLO believes that the hybrid consensus algorithm improves the security and reliability of the network, and also has excellent performance in scalability and flexibility. With the use of the hybrid consensus algorithm, it can accurately meet all kinds of business needs, provide customers with more excellent and efficient blockchain services, and safeguard data security.
The company currently holds a cash reserve of approximately $303 million. The up to $200 million in funds being called will mainly be used to invest in Bitcoin or other digital currencies with market influence and growth potential, as well as related securities and derivatives. These assets will become an important component of HOLO's financial reserves, helping to enhance the diversity and risk resistance of the company's overall asset portfolio. At the same time, HOLO has announced that its cumulative investment returns have reached $8.13 million. This figure highlights HOLO's commitment to maintaining a strong financial position while also creating long-term value for its shareholders. HOLO stated that it will continue to uphold the principle of prudent management, consistently improving the company's profitability and market competitiveness to generate more returns for its shareholders.
About MicroCloud Hologram Inc.
MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud's holographic technology services include high-precision holographic light detection and ranging ("LiDAR") solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems ("ADAS"). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud's holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud's holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
