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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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The term likely originated from a bull&rsquo;s style of attack by pointing its horns upward.</p>\n<p>Bulls hope to make profits with their trade strategy as they expect the price of the asset to increase from the rate at which they purchased it. They tend to hold an <strong>optimistic outlook</strong> on the market conditions. Their market strategy is described as &ldquo;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-longing-long-position/">going long</strong></a>&rdquo; &ndash; they wait for the value of the assets they purchased to progressively increase over time.</p>\n<p>The opposite of the bulls in the market are <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bear/">bears. Bears hold the belief that the price of an asset will decrease, and thus they adopt the strategy of &ldquo;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-short/">shorting&rdquo; their assets.</p>\n<p>Bull can also refer to the overall market conditions. A <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull-market/">bull market</strong></a> reflects the scenario when the prices of most or all assets are steadily increasing over a longer period of time.</p>\n<p>The prices of assets in a market can change positions several times in a single day, moving upwards and downwards. The shifts are caused by the activities of day traders. If the prices are steadily moving upwards for an extended time, the market can be referred to as bullish.</p>\n<p>The dynamic in the <strong>crypto market</strong> has been leaning towards bullish since its inception in 2009. The price of the first and largest cryptocurrency in the world, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>, has steadily increased since March 2010, when it was valued at $0.003 per coin. In November 2021, Bitcoin was valued at $61,000 per coin.</p>\n<p>There have been price fluctuations throughout the years. However, the overall trend of cryptocurrencies has remained bullish.</p>","level":"medium","meta_title":"What is Bull? Definition & Meaning | Crypto Wiki","meta_description":"Bull meaning: Bull - a trader who strategizes their investments with the expectation that an asset’s price will increase.","meta_keywords":null,"language":"en","created_at":"2022-02-18T11:43:23.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bull"},"prevSection":{"id":126,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Browser Extension?","slug":"what-is-browser-extension","section":"B","keyword":"Browser Extension","status":"published","definition":"a plugin that provides a browser with additional functionality.","content":"<p>A <strong>browser extension</strong> is a <strong>plugin</strong> developed for an internet browser. Extensions are used to improve the functionality of a browser by adding features that are otherwise not available. Extensions can change the user interface of the software or allow users to optimize their browsing experience.</p>\n<p>Browser extensions function as small-scale software. They can add extra controls or filters, alter the layout of a web page, or filter information.</p>\n<p>Some extensions can block all advertisements on a web page, while others can blacklist certain content that a user may not want to see. Other popular extensions prevent music or videos from auto-playing on a website. The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-brave-browser/">Brave Browser</strong></a> offers its users an extension that serves as a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hot-wallet/">crypto wallet</strong></a>.</p>\n<p>Extensions can function similarly to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-javascript/">JavaScript by utilizing program interfaces and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-api/">APIs. Furthermore, some extensions can access their own APIs.</p>","level":"easy","meta_title":"What is Browser Extension? Definition & Meaning | Crypto Wiki","meta_description":"Browser Extension meaning: Browser Extension - a plugin that provides a browser with additional functionality.","meta_keywords":null,"language":"en","created_at":"2022-02-18T11:23:55.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-browser-extension"},"currentChapter":"B","currentSection":"what-is-bug-bounty","chapterTitle":"B","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-bug-bounty","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter B

What is Bug Bounty?

Bug Bounty MEANING:
Bug Bounty - a reward offered to users that detect software bugs and vulnerabilities.
Easy
1 minute

Let's find out Bug Bounty meaning, definition in crypto, what is Bug Bounty, and all other detailed facts.

A bug bounty is a reward offered to users that can detect system bugs and vulnerabilities and report them to the software owner to prevent malicious attacks and hacking attempts.

In the context of crypto, businesses like exchange platforms, wallet operators, and protocols offer bounties for discovering bugs. Publicly available bounty schemes are announced to patch vulnerabilities before they can be exploited by malicious actors.

The size of a bug bounty is calculated according to the severity of the vulnerability discovered. While individual bug detections may only amount to about $100 in bounty, rewards for more serious weak points in the system can be in the high thousands. Based on data by HackerOne, in 2018, $900,000 was paid out in bug bounties.

Some hackers, known as white hat hackers, can make a career out of bug detection. Bug bounties are treated as an unofficial, added layer of system support.

Developers working with software have to prioritize code security during the process. The product should possess as few bugs and vulnerabilities as possible before launch. However, in many cases, it is not possible to detect and patch every bug due to human error.

Bug bounties are then established to create an additional level of security. Bounty hunters who detect bugs and report them to the developers help software owners protect their products from exploits or cyber attacks.
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