In this work, we describe the model of a new 4-D hyperchaotic system with no balance point and deduce that the new hyperchaotic system has a hidden attractor. We present a detailed bifurcation analysis for the new hyperchaotic dynamo system with respect to the system parameters and also exhibit that the new hyperchaotic system displays multistability with coexisting attractors. Using NI Multisim 14.0, we design an electronic circuit for the implementation of the new 4-D hyperchaotic system and present the circuit simulation results. We also show the implementation of the new 4-D hyperchaotic system by using a field programmable gate array (FPGA). The hardware resources are reduced by designing single-constant multipliers, adders, subtractors and multipliers. The FPGA design is done for three numerical methods, namely: Forward-Euler, Backward-Euler and fourth-order Runge-Kutta. We demonstrate that experimental chaotic attractors are in good agreement with theoretical simulations. To verify the ability of the presented hyperchaotic system for designing robust cryptosystems, we suggest a novel image cryptosystem using the proposed hyperchaotic system. Simulation outcomes confirm the effectiveness of the proposed image cryptosystem, and consequently, the effectiveness of the proposed 4-D hyperchaotic system in designing diverse cryptographic purposes.
