What Is the Concept of “Slashing” in a Proof-of-Stake Consensus Mechanism?

Slashing is a security mechanism where a validator's staked cryptocurrency is forcibly taken away (destroyed) as a penalty for malicious behavior, such as double-signing transactions or prolonged downtime. This mechanism provides a strong economic deterrent and cryptographic proof of accountability.

The threat of slashing is essential for maintaining the integrity and security of the PoS network.