Website: hyperliquid.gitbook.io
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Hyperliquid is a blockchain platform that aims to create a fully on-chain open financial system. It is designed to support liquidity, user applications, and trading activity on a unified platform. The platform is built as a layer one blockchain (L1) and uses a custom consensus algorithm called HyperBFT, which is inspired by HotStuff and its successors. The algorithm and networking stack are optimized to meet the unique demands of an L1 blockchain. Hyperliquid's state execution is divided into two main components: Hypercore and the Hyperevm. Hypercore includes fully on-chain perpetual futures and spot order books, with every order, cancel, trade, and liquidation transparently occurring with one-block finality inherited from HyperBFT. The platform claims to support 200k orders per second, with ongoing improvements in throughput as the node software is further optimized. The Hyperevm brings a general-purpose smart contract platform, similar to Ethereum, to the Hyperliquid blockchain. This allows the liquidity and financial primitives of Hypercore to be available as permissionless building blocks for all users and builders. The platform provides technical documentation and information for various aspects of its operation, including core contributors, onboarding, trading, using the Hyperevm, connecting via mobile, exporting email wallets, accessing the testnet faucet, and more. It also covers details about Hypercore, the Hyperevm, tools for Hyperevm builders, Hyperliquid Improvement Proposals (HIPs), market making, running a validator, the bug bounty program, audits, and various technical specifications and protocols. It's important to note that while the technical overview and documentation provided on the Hyperliquid platform may be comprehensive, it's always advisable to conduct independent research and due diligence, especially when dealing with blockchain and cryptocurrency platforms. The rapidly evolving nature of this technology means that the information provided may be subject to change, and users should stay informed about the latest developments and any associated risks. In summary, Hyperliquid is a blockchain platform designed to create an on-chain open financial system, with a focus on liquidity, user applications, and trading activity. It employs a custom consensus algorithm, HyperBFT, and is built as a layer one blockchain. The platform's state execution is divided into Hypercore and the Hyperevm, providing on-chain perpetual futures, spot order books, and a smart contract platform similar to Ethereum. The platform offers comprehensive technical documentation and information on various aspects of its operation, but users should exercise caution and conduct independent research, especially in the rapidly evolving field of blockchain and cryptocurrency."