Wednesday, January 29, 2025



Hyper Foundation denies selling validator seats, plans to expand decentralization and make node code open-source to address transparency concerns.Hyper Foundation has denied allegations of selling validator seats and outlined plans to expand decentralization, addressing community concerns over network centralization and transparency.Hyper Foundation Denies Selling Validator SeatsIn a recent announcement, the Hyper Foundation has firmly denied allegations of selling validator seats on the Hyperliquid network. The foundation emphasized its commitment to maintaining a fair and decentralized network, stating that such practices would undermine the integrity of the blockchain.Plans to Expand DecentralizationCurrently, the Hyperliquid network operates with 16 validators, a number that is expected to grow as the network matures. The foundation has outlined plans to expand decentralization by increasing the number of validators and improving the selection process. This move aims to address concerns raised by the community regarding network centralization.Addressing Transparency ConcernsCommunity feedback has highlighted issues with the closed-source nature of the node code and the validator selection process. In response, Hyperliquid has pledged to make its node code open-source once it reaches a stable state. This step is expected to enhance transparency and allow for greater community involvement in the network's development.The foundation's commitment to transparency and decentralization is seen as a positive step towards building trust within the community. As the network continues to grow, these measures will be crucial in ensuring the long-term success and security of the Hyperliquid blockchain. https://redrobot.online/2025/01/hyperliquid-addresses-concerns-over-validator-selection-and-network-centralization/

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