What Is the Concept of “Cryptoeconomic Security” in Kleros?

Cryptoeconomic security in Kleros refers to the use of economic incentives and disincentives (cryptocurrency stakes) to ensure honest behavior from jurors. Jurors stake Kleros's native token (PNK) to be eligible to vote.

Honest voters are rewarded, while dishonest voters who vote against the final consensus are penalized by having their staked tokens "slashed" and distributed to the honest jurors. This makes collusion financially costly.