Bounty

Definition

In the context of crypto and blockchain, a Bounty is a reward offered to individuals or groups for completing specific tasks or challenges. These tasks can range from software development, finding vulnerabilities (bug bounties), or promoting a project.

Context

Bounties are used to crowdsource contributions and improvements to a project without hiring full-time staff. This approach not only accelerates the development and discovery of issues but also promotes a community around the project, constructively engaging enthusiasts and experts alike.