Formula 1 racing is one of the most challenging championship all over the world. The championship starts with a team of engineers working towards designing the most powerful yet safest open cockpit vehicle which is driven by drivers to compete on a racetrack. The basic information about the Formula 1 championship including vehicle specifications, rules of racing, designing of vehicle and its components are explained here: https://auto.howstuffworks.com/auto-racing/motorsports/formula-one.htm
Since the inception of Formula 1 in 1920s, Fédération Internationale de l'Automobile (FIA) is continually making efforts to make the racing championship safest for drivers. FIA regularly updates its policies and regulations and making the racing more challenging for teams to come up with the solutions. Following is a link where latest regulations imposed by FIA are explained. https://www.formula1.com/en/latest/article.2021-car-revealed-as-fia-and-f1-present-regulations-for-the-future.3ZkeTsu1sNCrFGP1HI9KVy.html