What is Vulnerability Rewards Program (VRP)?

A vulnerability rewards program (VRP), or bug bounty, 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. VRPs 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 or crypto token.