Slashing is a mechanism used in some blockchain networks to enforce network security and integrity. It applies mainly to proof-of-stake protocols, where validators are responsible for confirming transactions and maintaining the blockchain.When a validator behaves maliciously or fails to perform its duties, slashing penalizes them by forfeiting a portion of their staked assets. This could happen if a validator attempts to double-sign transactions, goes offline for an extended period, or engages in other harmful behaviors. The goal of slashing is to deter bad actions and ensure that validators act honestly and effectively.In addition to protecting the network, slashing serves to maintain trust among participants. Validators are encouraged to act in the best interest of the network since any misconduct directly impacts their financial stakes. By implementing slashing, networks can enhance reliability and promote a secure environment for all users.
DeFi Dev Corp. Acquires Additional 86,000 SOL in $9.6 Million Purchase
DeFi Development Corp. has acquired 86,307 Solana (SOL) tokens at an average price of $110.91 each, increasing its total SOL