In an interview with Wired, Instagram reveals that its image stabilization feature uses the iPhone's gyroscope to measure the camera's movement, which allows video to be stabilized with a simple algorithm.
Hyperlapse mimics the time lapse feature introduced with iOS 8, but it includes customization features not found in Apple's own time lapse capabilities. Along with image stabilization, the app also lets users choose a playback speed, from 1X to 12X, and it can capture short bursts of video or shoot all day long.
When you shoot a time lapse video with Hyperlapse, your footage will be instantly stabilized to smooth out the bumps from the road and give it a cinematic feeling. Capture an entire sunrise in 10 seconds--even from the back of a moving motorcycle. Walk through the crowds at an all-day music festival, then distill it into a 30 second spot. Capture your bumpy trail run and share your 5k in 5 seconds.Though created by Instagram, which is owned by Facebook, Hyperlapse does not require an account to log in and it features a simple interface with one-tap video capturing capabilities. It also includes sharing tools to let users share time lapse videos to both Instagram and Facebook, but videos can also be saved to the camera roll.
Hyperlapse can be downloaded from the App Store for free. [Direct Link]