Home” Ecosystem” Hyperliquid addresses issues over validator choice and network centralization
Active Foundation addresses validator centralization accusations and lays out efforts to broaden decentralization while safeguarding its functional options.
Picture: Hyperliquid Labs
Secret Takeaways
- Hyperliquid rejects claims of offering validator seats and lays out future decentralization efforts, consisting of a delegation program.
- Neighborhood feedback highlights concerns with closed-source code and validator choice, triggering Hyperliquid to promise enhancements.
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Active Foundation rejected claims about its validator choice procedure for the Hyperliquid perpetuals trading platform and Layer 1 blockchain in an in-depth action published on X.
Critics on X declared validator seats were offered and the network was extremely centralized.
Hyperliquid rejected these claims, mentioning that all validators were picked based upon testnet efficiency which seats can not be purchased.
The network presently runs with 16 validators, a figure the structure stated will increase as the network grows.
The action followed Kam Benbrik’ s viral letter on X, which slammed concerns such as closed-source code, dependence on a single API, and minimal validator rewards.
MetaMask security scientist Taylor Monahan, understood on X as Tayvano, likewise discussed the letter, highlighting its wider ramifications for network openness and decentralization.
Benbrik prompted Hyperliquid to embrace transparent validator choice procedures and enhance decentralization to take on significant Layer 1 blockchains.
Hyperliquid protected its closed-source node code and single-binary system as needed for efficiency however dedicated to making the code open-source as soon as steady.
The structure likewise laid out strategies to support high-performing validators through its token delegation program to lower reliance on foundation-controlled nodes.
The platform’ s HYPE token, presented in November 2024, reached a peak of $35 in December before decreasing to $21. The token keeps a market cap of $7.3 billion with 333 million tokens in blood circulation.
The structure acknowledged existing validator difficulties, consisting of centralized API dependence and restricted benefits, and revealed strategies to enhance testnet onboarding procedures and decentralize validator choice.
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