RE: Steemit Crypto Academy Contest / S12W5 - Understanding Slashing In Crypto
Slashing in crypto works like a check on the validators to ensure that they stick to the rules guiding the Blockchain, devoid of inappropriate behaviour, consistently validates the block whenever it is their turn to do so and be held accountable for their mistakes.
Slashing is a way to give punishment to validators if they are doing anything I toldly agree with you as well as I agree with you all the things that you have explained that we can check with slashing including either validators are following the guidelines of blockchain or not which is very important because if they are not following guidelines rules and regulations of blockchain then slashing should be applied on them.
It provides an additional layer of security for the Blockchain. Since the slashing will act as deterrence to the witnesses for any inappropriate behaviour from their side. Losing their staked coin is a strong inhibition not to do wrong.
I totally agree with you that slushing is un mechanism that and extra layer of protection for blockchain because when all validators know that they tokens could be cut out in case of any malicious act they will do then they always work with honesty and don't try any other one to manipulate the system I wish you success in this engagement challenge you participated very well m