How Does a Bug Bounty Program Complement a Professional Smart Contract Audit?
A bug bounty program incentivizes a broad community of white-hat hackers to continuously search for vulnerabilities in the live code, acting as a final, ongoing layer of security. The audit is a deep, one-time review; the bounty program provides real-world stress testing and continuous security coverage.
Glossar
Bug
Exploit ⎊ A bug, within cryptocurrency, options, and derivatives, represents a vulnerability in code or protocol logic that can be leveraged to achieve an unintended outcome, often resulting in financial gain for the exploiter.
Audit
Verification ⎊ Audit within cryptocurrency, options trading, and financial derivatives represents a systematic examination of code, processes, and financial records to ensure integrity and adherence to established protocols.
Bug Bounty Program
Initiative ⎊ A bug bounty program is a structured initiative where organizations invite ethical hackers to discover and report software vulnerabilities in exchange for monetary rewards or recognition.
Bug Bounty
Disclosure ⎊ The term "Bug Bounty," within the context of cryptocurrency, options trading, and financial derivatives, denotes a structured incentive program offered by projects or exchanges to reward individuals who identify and responsibly report vulnerabilities or flaws in their systems.