A Systematic Exploration of Bug Bounty Platforms

Abstract

Abstract: This review explores the intersection of Bug Bounty Programs and Blockchain Security, aiming to address the evolving challenges and advancements in this critical domain. The rationale for this review is rooted in the escalating importance of securing blockchain networks, and the role bug bounty programs play in fortifying these digital ecosystems. Focusing on many seminal studies, including investigations into decentralized security bounty management, gas usage reduction in Ethereum smart contracts, and predictive models for the effectiveness of bug bounty programs, this paper systematically evaluates diverse methodologies and their implications. The conclusions drawn from these analyses provide valuable insights into the dynamics of bug bounty platforms, bug hunters' perspectives, and the potential scalability solutions offered by emerging blockchain technologies. This abstract encapsulates the essence of the comprehensive review, offering a glimpse into the multifaceted landscape of bug bounty programs in blockchain security. The findings presented underscore the critical need for adaptive security measures in blockchain environments, positioning bug bounty programs as instrumental tools in fortifying these digital infrastructures. As we navigate through the key studies, we uncover not only the current state of the field but also identify avenues for future research, thereby contributing to the ongoing discourse on securing the ever-expanding realm of blockchain technology.