WiMi Hologram Cloud announces decentralized file storage, sharing system

WiMi Hologram Cloud announced that a decentralized file storage and sharing system is built by applying the bitcoin algorithm distributed hash table technology. The Bitcoin network is a distributed network consisting of many nodes with no centralized control node. WiMi draws on this decentralized idea to build a file storage and sharing network consisting of multiple nodes. Each node owns a certain amount of storage space and is interconnected with other nodes. This distributed storage eliminates the dependence on a single data center and improves data security and fault tolerance. A DHT is an underlying algorithm for a distributed network that maps a file’s hash to the address of the node storing the file via a huge file-indexed hash table. Bitcoin’s algorithm can be applied to build such a DHT system for decentralized file storage and sharing. Bitcoin’s algorithm provides strong technical support for decentralized storage with its decentralization, security, and immutability. DHT is a distributed mechanism for storing and retrieving data. In WiMi’s system, DHT is used to slice files into small chunks and store these chunks dispersed across multiple nodes. Through the hash function of DHT, the system can determine the storage location of the file and realize efficient data retrieval. When a user uploads a file, the system slices it into small chunks and stores them on other eligible nodes; when a user downloads a file, the system retrieves the data chunks from the corresponding nodes and reassembles them into a complete file.