Hyperliquid Responds to Validator Allegations
Hyper Foundation, the organization behind the Hyperliquid Layer 1 blockchain and perpetuals trading platform, has addressed community concerns regarding its validator setup. Allegations included claims of excessive centralization and that validator seats were for sale.Clarifying Validator Selection Process
Hyper Foundation confirmed that all validators were chosen based on their performance during the testnet phase. The organization denied any opportunity to purchase validator seats, emphasizing fairness and transparency in the selection process.Commitment to Decentralization
The foundation plans to expand its validator pool to enhance network decentralization. It has introduced a token delegation program to support high-performing validators, aiming to address concerns about transparency and scalability.HYPE Token and Market Performance
Hyperliquid’s HYPE token launched in November 2024, reaching an all-time high market cap of $7.3 billion. While the token’s price has corrected, the foundation continues to focus on fostering community trust and network growth.Future Roadmap: Open Sourcing and Development
The foundation acknowledged concerns about its closed-source code and reliance on a single-binary system but committed to open-sourcing when the code is secure. This approach aims to balance rapid development with long-term transparency and decentralization goals.
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