Bug Bounty

A Bug Bounty is a discretionary rewards program wherein an entity provides an incentive ('bounty') for the detection and reporting of software bugs to eliminate risks such as user loss.Individuals receiving these 'bounty' rewards are typically ethical, or "white-hat," hackers attempting to bypass security measures as part of bug bounty programs. Companies running such programs will usually specify the types of flaws they are looking for and their accompanying bounties (either a fixed amount or a specified range). Bug bounty programs can be run as crowdsourcing initiatives or private operations requiring invitations.Notable bug bounty programs involving blockchain include those run by Ethereum, Binance, and Ledger. There are also third-party platforms, such as Immunefi, designed to aid companies in establishing bug bounty programs.