How is a Hypernova Different than a Supernova?

A supernova is one of the most spectacular events that take place in the Universe. These energetic, colorful, and bright explosions and their remnants are spectacular to study. There are over 300 known supernova remnants as of now. Supernovae are important events that heat interstellar gas and can trigger new star formation, continuing the circle of life in space. But what exactly takes place during a supernova explosion, and what are the other types of explosions that can take place in outer space?