MicroCloud Hologram Announces New Bitcoin Blockchain Hybrid Consensus Algorithm
- MicroCloud Hologram Inc. (HOLO) has unveiled a new hybrid consensus algorithm for the Bitcoin blockchain.
- The algorithm combines multiple consensus mechanisms to enhance security, reliability, and scalability of the network.
- It employs a Proof-of-Stake (PoS) system based on Verifiable Random Function (VRF) protocol to ensure fairness in leader election.
- The hybrid approach aims to defend against malicious attacks while maintaining transaction integrity and efficiency.
- HOLO plans to use its cash reserves for investments in Bitcoin and other digital currencies, enhancing financial resilience.