5 Reasons to Become a Blockchain Programmer

 

Every new technology that appears in the market, sooner or later, will bring with it many new job opportunities. The field of digital currency, along with blockchain technology, which is one of the most promising and in-demand areas in software development, is no exception. One of the most important job opportunities in this field is the development and programming of the blockchain. This topic has become a hot and attractive trend among users these days. The reason for this event is the widespread acceptance of this exceptional technology among users and industries. At present, the applications of Blockchain technology are not limited to digital currencies and digital payments. If you look at labor market data and statistics in different countries, you will see that blockchain programmers are highly paid and have good job benefits. In this article from CoinmarketSIG , we will first talk about the 5 main reasons why we should become a blockchain programmer , and then we will get acquainted with the skills needed to achieve this goal. So follow us to the end:

Less competition in the labor market

The blockchain is a new and evolving field. If you research the background of the term, you will find articles on cryptography, hashes, and the like, all from decades ago. However, the main acceptance of the blockchain began in 2009, when Satoshi Nakamoto, the anonymous creator of Bitcoin, introduced the digital currency to the world as a peer-to-peer payment system. Then, from 2015 to 2016, concepts such as programmable money and smart contracts came into play alongside the Ethereum blockchain.

These historical moments show that this technology is new and we are still in its early stages. The blockchain and digital currencies are barely ten years old. Therefore, the developers in this field are not very numerous.

Those developers and programmers who were interested in this field, started learning concepts in 2016 and transferred their knowledge to this field. So unlike many development areas such as the web, mobile or gaming, there are not many competitors in the blockchain industry.

More salary

Software development jobs and their salaries, like many other areas of business, are controlled by market supply and demand. Simply put, if there is a lot of demand in a particular area of ​​software development, supply should increase accordingly; unfortunately, this is not the case!

There are thousands of active projects in the digital currency space. In addition, as we move forward, institutions such as banks, governments, and Fintech departments are becoming more and more interested in blockchain and digital currency.

Since we do not yet have many programmers in this field, so there are countless job opportunities in this field. Due to the nature of supply and demand mentioned earlier, there is a high probability that you will be able to enter into highly paid contracts by choosing and entering jobs related to the blockchain.

Better understanding of the digital currency market

The blockchain and digital currencies are not simple concepts and have many technical details. Some of these concepts are:

• Cryptography
• Consensus models
• Scalability
• Decentralization
• Security
• Smart contracts

Needless to say, there are thousands of listed projects / coins / tokens on the market. If you do not want to choose the development of the blockchain as your goal and career path, there is still a problem, there are still many benefits to learning these topics.

You can read project codes and try to figure them out, evaluate various project mechanisms including consensus, security, scalability, and decentralization, and even examine potential code vulnerabilities.

But the question is; what is the use of such information and knowledge in the end?

The answer is that there are very few traders or investors in the digital currency space who really understand the technical details behind the projects. Most of them, without knowing the nature of the projects, invest in them in a completely risky way. But by learning to develop the blockchain, you can become a better investor or trader in this market.

Execution of personal blockchain projects

When we talk about blockchain, we mean the endless opportunities and solutions that this blockchain technology has provided for us. Some of these applications can be categorized as follows.

• Save value
• Payments
• insurances
• Smart contracts
• voting
• gambling
• Automate tasks
• Acquisition of assets
• Decentralized Finance (DeFi)

This list is not limited to these items and is ongoing. In this article, we refer to modern technology that is supposed to transform various aspects of our lives. Imagine what would happen when you had the technical knowledge to implement some of these solutions.

It is not far-fetched that with enough knowledge, as a blockchain developer, you can implement some of these solutions in the future as a 100% personal project; let’s give an example.

We know that Flash Loans are a completely new phenomenon in decentralized finance. With this feature, you can get loan disbursement protocols with just one transaction. No one controls these processes and you are free to use this loan for anything. These loans are not like car or commodity bank loans that you are only allowed to use for certain purposes. After receiving the loan, you will finally return the same amount you borrowed to the protocol.

Given that this structure is very powerful, now imagine being able to borrow millions of dollars from a platform without a guarantor or collateral.

If you know the concept of smart contracts and the technical details of implementing an instant loan, you can write an instant loan contract yourself, identify arbitrage opportunities, and ultimately benefit from them. At the same time, you do not need the initial amount, infrastructure and special equipment for any of these cases. In general, if you can become a professional in this field, there will be no more restrictions for you.

The advantage of being the first one

Like other fields and technologies, technology can take the lead in being a leader in blockchain space if you move faster.

That’s why Bitcoin and Ethereum blockchains have been the biggest players in the market for the past few years. The founders of these blockchains identified a real problem with centralism and implemented a decentralized solution. An action that addressed this problem and was the first of its kind.

If you look at the technical details of the Bitcoin and Ethereum blockchain, you will find that they are not optimal and complete. Although other projects with much better and more innovative technologies have emerged in this space, Bitcoin and Ethereum are still in the forefront because of their pioneering advantage and networking impact.

Let’s get back to our main discussion. If you become a blockchain programmer, you will have many opportunities to design and implement solutions that are not yet on the market. In other words, if you can successfully implement a project that addresses the real problems in this market, you will become a leader in this space, and the benefits you will receive along the way will be a reward for being a pioneer.

Blockchain job opportunities

In this section, you will find a list of high-potential job opportunities for a blockchain programmer:

• Blockchain Developer
• Blockchain Architect
• Blockchain Manager
• Blockchain Project Manager
• Blockchain User Interface (UX) Designer
• Blockchain Advisor
• Blockchain Quality Engineer
• Blockchain Engineer
• Blockchain Legal Advisor
• Blockchain Analyzer
• Blockchain Security Manager
• Blockchain Community Manager
• Beginner developers

Remember, these are just some of the goal setting shareware that you can use. As a blockchain developer, you can apply your knowledge and expertise in a variety of areas. Smart contract design/development, API design/development, security, encryption, data analysis, blockchain analysis, UI/UX interface, project management, blockchain architecture design and many more all require your knowledge and expertise.

What skills do you need to become a blockchain programmer?

To be a blockchain programmer, you need some skills and tools. You need to learn about cryptography and alert algorithms and know what a wallet is. Also get acquainted with the mechanism of digital keys and signatures.

Programming language is one of the most important skills you need to master. The most commonly used languages ​​in blockchain include Solidity, C, C ++, Rust, Go, and JavaScript. In addition, you should read about web development tools such as JavaScript, HTML, CSS, web frameworks and libraries (Web3js, React, Vue, etc.). Familiarity with IDEs or programming environments such as Remix, Visual Studio, and Eclipse are also essential.

Familiarity with data structures, including graphs, hash trees, hip trees, stacks, Patricia and Merkle trees, will definitely come in handy. At the same time you have to learn to design, develop, test, and execute smart contracts. In addition, you may need Git, Github, Gitlab, and tools such as Metamusk, Ganache, and Truffle.

If you are a beginner, start with the basics

If you have no experience with blockchain, we recommend that you first learn the basics of cryptography. If you are new to programming, it is best to start with the basics, including data structure and algorithms. Then move on to the programming language of your choice, which can be Solidity or Go. Once you’ve comfortable working with them, move on to more advanced content, including smart contract design and development.

Who hires a blockchain programmer?

There are 4 major players in the digital currency labor market; Startups, start-ups, technology companies and governments. In the following, we will talk about how each of the mentioned cases got involved in the blockchain and how they benefit from it.

Startups

Startup literally means start-up business, and the digital currency space and the blockchain also have good ideas for the birth of startups. A startup that has an idea for blockchain or digital currencies will definitely need experts in blockchain to achieve its goal.

According to AngelList, an American website that introduces job seekers and startups to each other, in 2018, more than 1,500 crypto startups were able to raise more than $ 3.7 billion from ICOs in the United States alone.

These startups are run by digital currency enthusiasts and blockchain employers who realized the importance of the technology and quickly began operating in the field. They are building platforms like IAS, Theron and… as well as exchanges like Beatrix, Cracken, Bainance and so on.

In addition, startups can include wallet service providers, news websites, blogs, and training tools designed to support Blockchain projects. Many of these jobs created by startups were initially unpaid, but now pay their professionals well.

Holdings

These are large companies such as banks, accounting firms and law firms. It took years for these companies to react to the development and technological advances of Bitcoin.

They have seen the growth of this technology and the field of digital currency for years and now they are scared. If these companies do not work on the methods of using Blockchain technology, they may soon be excluded from the competitive market.

Basic companies have considerable wealth and power. Their global reputation allows them to hire anyone they want.

Most of these companies are currently hiring a team of blockchain experts and researchers to keep them up to date with technology and keep them out of the competition.

Technology companies

Companies like Apple, Google, Facebook, and… If they do not do something, they will be the biggest losers of decentralization. A large part of the success and power of these companies depends on the centralized services they provide. If the popularity of decentralized platforms increases in the same way, users will no longer be willing to use centralized networks.

These companies need to adapt to this trend as soon as possible. The development of the blockchain has become one of the priorities of these companies. Most of them are investing in projects that use blockchain technology in their business. One of these projects is Hyperledger. HyperLedger was created to provide the tools and infrastructure needed for businesses looking to implement the Blockchain.

Facebook has recently hired hundreds of blockchain experts for its Libera and digital currency project.

Governments

The potential for reducing blockchain costs is huge, which is why many governments have hired digital currency experts and consultants to advise them.

In Britain, Sir Mark Walport suggested that the Blockchain could be used to pay off student loans. In Estonia, the blockchain is used to make government organizations more efficient and better. It is benefiting from projects such as e-Residency to become the first “digital country”. Venezuela has even gone so far as to launch its digital currency, Petro.

blockchain job market

Demand for blockchain specialists has grown exponentially in recent years. Between November 2015 and April 2018, the number of job opportunities listed on the Indeed job search site increased by 63%. LinkedIn also lists 2,527 jobs by searching for the phrase “Blockchain Developer” in the United States alone.

So it can be seen that the demand is high, but is there enough expertise to take on these jobs? The short answer is “no”. There is a serious shortage of professionals in the blockchain industry, especially among those who are focused on the technical aspects of the business.

The popular recruitment website Toptal reported that since January 2017, the number of blockchain job postings has increased by 700%. Another recruitment website, Upwork, reported that Blockchain Engineering had the highest growth rate by employers.

However, the Computerworld Foundation estimates that there are only about 250 software developers in the UK who are truly familiar with blockchain technology. There is a shortage of skilled personnel around the world.

Regarding the material value of this industry, there must be strange statistics. Fortunately, the shortage of skilled workers has given newcomers the opportunity to think about a job in the blockchain and digital currency. This situation has also created an opportunity for blockchain professionals to determine their own salaries.

In conclusion

Whereas blockchain technology is still in its infancy; so not many people have entered this space. This shows that if you are trying to become a blockchain programmer right now, you can easily progress in this exceptional and special career path. As we have mentioned, there are good reasons to enter this field.

Unlike other areas of software development, such as mobile, web, and desktop, in which there is fierce competition, this is not the case in blockchain businesses, and of course, those who work in this field will enjoy higher salaries and benefits than others.

At the same time, you can make a profit by implementing your own personal projects. Even if you could not work as a blockchain developer, with a technical understanding of the mechanism of blockchain and digital currencies, you can invest and trade more securely in digital currency markets.