- MicroCloud Hologram Inc. (HOLO, Financial) introduces a blockchain reconstruction solution with enhanced security features.
- The solution uses verifiable secret sharing (VSS) technology to ensure rapid system restoration and data integrity during attacks.
- Key elements include redundant storage, dynamic participant verification, and incentive mechanisms for honest participation.
MicroCloud Hologram Inc. (NASDAQ: HOLO) has announced an innovative blockchain reconstruction solution intended to boost crypto system security. The technology leverages verifiable secret sharing (VSS) to facilitate swift system recovery and data integrity maintenance in the face of attacks.
The solution comprises four integral components: VSS technology for distributing private keys, redundant storage across distributed nodes enhancing fault tolerance, a dynamic participant selection and verification system, and a reward/punishment framework to encourage reliable participation.
Unlike traditional systems, this new solution allows for immediate reconstruction without the necessity for trust establishment between blockchain parties. Users can independently recover their data, circumventing reliance on potentially untrustworthy participants. All operations within the reconstruction process are transparent and traceable, thus ensuring the integrity and consistency of data.
HOLO's approach champions a multi-layered defense strategy combining both technical and behavioral safeguards, providing a robust security architecture. Although details on commercial deployment or a timeline for market introduction are not yet disclosed, the solution marks a significant technological advancement in blockchain security, promising a profound effect on the industry as blockchain technology continues to evolve.
