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For example, many crypto platforms have bug bounty programs with large rewards to encourage white hat hackers, developers, and researchers to identify and report vulnerabilities in smart contract code and disclose them responsibly. For example, if the buyer sends the agreed-upon amount of money, the smart contract transfers ownership of the digital artwork from the seller to the buyer. This delay might result from high traffic on certain blockchain networks, causing congestion and, hence, slower processing times. Intellectual property Smart contracts can be used to manage the ownership and distribution of intellectual property, such as music, art, or written content. This initiative is aimed at assisting eligible users who have inadvertently lost tokens while utilizing the BNB Smart Chain.
