It appears that Hyperliquid might be addressing a perceived “miscommunication” among its community regarding the escalating worries about its validator system.
In response to the current issue, the company has recently published an extensive explanation about X, aiming to dispel any misunderstandings and further emphasize their dedication towards openness and decentralization.
Hyperliquid Responds to Validator Mechanism Misunderstandings
As a valued member of the Hyperliquid community, I’m reminded of the significant part we’ve all played in nurturing their ecosystem. It’s for this reason that I make sure to consider every piece of feedback they share with us thoughtfully and seriously.
To help alleviate the current situation, Hyperliquid clarified certain key aspects, starting with the validator selection criteria. The firm stated that all selected validators were qualified based on their testnet results.
The company strongly refuted suggestions that validators could purchase a place at the table, stating emphatically that such claims are not only false but also detract from the efforts of those who invested time in comprehending the system.
Additionally, Hyperliquid took advantage of the moment to unveil their Foundation Delegation Program. This initiative, as per the company’s estimations, encourages decentralization within the network by acknowledging and remunerating top-tier validators.
In their latest post, Hyperliquid addressed the topic of API accessibility. Contrary to some misconceptions, it’s not just a privileged few who can operate an API server connected to any node. Instead, they emphasized that access is open to everyone.
In response to rumors about users trying to establish an illicit market for testnet HYPE, the company made it clear they are strongly opposed to such actions. As a commitment to preventing such incidents, they vowed to enhance the registration procedure for testnet users.
In the discussions within Hyperliquid’s community, concerns about their closed-source node code and one-binary system have arisen. However, Hyperliquid asserts that despite ongoing work, the importance of open-sourcing is recognized but their current single-binary system is not uncommon in the blockchain industry. In fact, they liken themselves to established networks like Solana, which primarily rely on a single client for most validators.
What’s Next?
Hyperliquid maintains a persistent focus on its mission to transition traditional finance onto blockchain technology. Yet, it recognizes that this goal can be realized effectively only when the project’s community remains confident in the venture and stays knowledgeable about the evolving ecosystem.
Moving forward, our company will always be responsive to community issues, ensuring we uphold the trust built with local residents. This proactive approach allows us to foster positive growth and development.
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2025-01-08 12:40