A team is building a smart contract for a decentralized derivatives platform. The contract is complex and has high transaction volume. The team has a limited budget and must choose between investing in formal verification or a comprehensive bug bounty program. Which choice is more likely to reduce the risk of a catastrophic vulnerability?

Invest in neither and rely on internal testing

Invest in a comprehensive bug bounty program

EC-CouncilBlockchain Fintech Certification

Domain 3Objective 3

Smart Contract Risks BFC Practice Questions (Page 9)

Part of the Smart Contracts in Financial Ecosystems domain, which makes up ~7% of our current practice bank.

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Questions 41–41

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A team is building a smart contract for a decentralized derivatives platform. The contract is complex and has high transaction volume. The team has a limited budget and must choose between investing in formal verification or a comprehensive bug bounty program. Which choice is more likely to reduce the risk of a catastrophic vulnerability?
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Smart Contract Risks BFC Practice Questions (Page 9)

Questions 41–41

Keep studying — Smart Contracts in Financial Ecosystems