$WiMi Hologram Cloud (WIMI.US)$ As IoT applications continue...

As IoT applications continue to expand, traditional security models may not be able to meet the challenges of future digitalization needs.

First, it is necessary to ensure that the communication between nodes is secure against threats such as attacks. Secondly, it is necessary to address the risk of privacy leakage that a large amount of user data may suffer when it is transmitted in the network. Most importantly, to realize all of this in an IoT architecture, one needs to take into account the possibility that nodes may not always be able to rely on each other for critical communications.

The model is based on Bitcoin and Ether, utilizing mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS) to validate transactions and generate new blocks. This guarantees the legitimacy of transactions and the overall robustness of the network.

The model ensures the integrity of the transaction data by referencing the immutability of Bitcoin, and introduces Ethernet's smart contract concept, which enables a more flexible and automated transaction process through smart contracts.

The blockchain technology will play a central role in the data privacy and security model for LPN transactions.

By deeply integrating key technologies such as Bitcoin and Ether, the model fully utilizes the immutability of blockchain, the flexibility of smart contracts, and the trustworthiness of distributed ledgers, this integrated use provides an efficient, secure, and scalable technical framework for large-scale private networks, further advancing the development of blockchain technologies such as Bitcoin and Ether in practical applications.