![Crypto Terms Glossary: What is Bug Bounty? Crypto Terms Glossary: What is Bug Bounty?](/img/26/201/what-is-bug-bounty-sm.webp)
A bug bounty, sometimes called a vulnerability rewards program (VRP), is an initiative that blockchain or software development enterprises may offer to external developers to incentivize the proper reporting of potential problems in the computer code that makes up their network protocol or platform. Bug bounties typically offer financial rewards to successful auditors of computer code. In the blockchain field, these rewards often come in the form of the network's underlying cryptocurrency asset or token.