Plain meaning
Start with the shortest useful explanation before going deeper.
The punitive reduction of a validator's stake as a penalty for provable misbehavior such as double-signing or equivocation — confirming two conflicting blocks at the same slot. As of 2025, Solana does not yet enforce automatic on-chain slashing (unlike Ethereum), though it is a planned addition to the protocol; the primary deterrents currently are social consensus, stake withdrawal by delegators, and future slashing implementation. The lack of slashing means Solana validators face lower direct financial risk from bugs but also reduced cryptographic accountability compared to slashing-enabled networks.