MicroCloud Hologram (NASDAQ: HOLO) stock surged about 4% during regular trading on Tuesday after the company unveiled a new blockchain security solution.
The company revealed that it has developed an innovative reconstruction solution to protect blockchain systems from cyberattacks. The solution incorporates Verifiable Secret Sharing, a cryptographic technique that enables system restoration while preserving data integrity and consistency, even in extreme conditions.
VSS works by splitting a private key into multiple shares and distributing them across participants in the blockchain network. These individual shares are meaningless on their own. However, the original key can be reconstructed when a predetermined number of shares are pooled together. This method ensures private keys are protected and that blockchain data can be recovered, even if some nodes are compromised.
In addition to VSS, the solution features redundant storage across distributed nodes, boosting fault tolerance and ensuring critical data remains accessible despite potential system failures.
Another key component is dynamic participant selection and verification, which ensures that only trusted nodes are involved in maintaining and reconstructing the blockchain data. The system also includes a built-in incentive mechanism that rewards honest behavior and discourages malicious activity that could manipulate or disrupt the reconstruction process.
Unlike traditional reconstruction methods that often require time-consuming negotiation and trust-building among blockchain participants, HOLO’s system is designed to take effect immediately. Each user can independently reconstruct their own data without relying on other participants, particularly those who might be untrustworthy.
The entire reconstruction process is designed to be transparent and traceable. This ensures that all operations maintain data integrity and consistency from end to end.
According to the company, this new security solution offers a stronger layer of protection for encrypted systems. By integrating verifiable secret sharing (VSS) technology, MicroCloud Hologram aims to secure blockchain data more effectively and enable rapid system recovery following cyberattacks.
With the ongoing expansion of blockchain applications, MicroCloud’s latest development could have a wide-reaching impact on how data security and system reliability are managed across the industry.
MicroCloud Hologram (NASDAQ: HOLO) stock is up by 1.18%, trading at $12.82 pre-market today, and has lost 99.46% over the past year.
Salman Akhtar is a finance, stocks, and technology journalist with years of experience across various news organizations. He has contributed his expertise to outlets such as 24NewsHD, TrimFeed, The Voice Pakistan, and TheTechBasic. Salman is passionate about making complex topics accessible to a broad audience. His dedication to delivering accurate and timely information has established him as a trusted voice in the industry. Read Full Bio
