Hire Developers for Cryptocurrencies
The digital world has evolved to the extent where physical Gucci wallets are replaced by e-wallets, and money has been transformed into binary digits. Cryptocurrencies have emerged as the digital, encrypted, and decentralised medium of exchanging money. The value of cryptocurrencies is not managed by any one institution, thanks to blockchain technology. Instead, cryptocurrency values are distributed widely amongst users across the internet. According to research conducted by CoinLore, although Bitcoin and Ethereum are the most well-known cryptocurrencies, there are now over 5,000 other cryptocurrencies in circulation.
Bitcoin is renowned for its decentralised technology, which is being increasingly leveraged for secure, anonymous monetary transactions. Digital currency operates independently of banks and governments, thanks to its convenience and growing popularity. Cryptocurrencies are an excellent investment opportunity too. Mining and generating money through trade are some of the other most popular options. However, if cryptocurrency is truly the currency of the future, its implementation must be well-planned and based on a solid foundation.
Cryptocurrency is Blockchain’s most significant output by a long way. The gambling, betting, aviation and healthcare sectors are now embracing the technology, and as a result, the demand for Blockchain experts is increasing rapidly. Bitpay, Dash, DMEX, DigitalBits, Quppy, Elrond, Dusk Network, Algorand, DSLA Protocol, and various other new blockchain and cryptocurrency technologies are some examples of this. According to a 2018 press release from Upwork, blockchain expertise is currently the most in-demand specialty. Similar to the crisis faced by skilled workers who were unable to find new jobs in the “Cloud” era of the 21st century, a similar situation is unfolding as skilled Blockchain workers are in short supply. Python, Solidity, JavaScript, and React are some of the technologies that are commonly used.
A Brief Overview of the Currently Employed Technologies:
Python: Python is a popular choice among programmers as a cryptocurrency programming language that is built on the principles of simplicity and minimalism. Online supplementary libraries are also available in large numbers, which contributes to the platform’s popularity.
Solidity: If you want to build decentralised applications (DApps), then you need to understand the language Solidity. Solidity was created by a group of the key developers of Ethereum, and it facilitates the creation of smart contracts that can operate on Ethereum as well as other blockchain networks. The language derives inspiration from C++, JavaScript, and Python, among other advanced programming languages.
JavaScript: JavaScript is a great language to use for creating blockchain-related applications. Its syntax is comparable to Java, an object-oriented programming language; however, Java’s grammar is substantially lighter when compared. The language is commonly used for World Wide Web Content Production along with CSS and HTML. The primary advantage of using JavaScript is that it helps create dynamic, user-friendly websites.
C++: When it comes to efficiency and adaptability, C++ is unmatched as it is an extension of C. C++ is an object-oriented language, which drastically reduces the time required for code writing.
Freelancers, entry-level employees, and experienced Blockchain developers are all in demand. However, programming professions are the focus of most job advertisements. According to conventional job posting website, there has been a significant increase in interest, up 621 percent. Another major employment board, Monster.com, cited a survey indicating that the interest in terms such as “bitcoin,” “blockchain,” and “cryptocurrency” rose by 194% in just one year between 2017 and 2018. This indicates the immense popularity and enormous market capitalization of Blockchain. These jobs are high-paying, with an average income of approximately $200,000 per year, rising rapidly with experience and expertise.
Blockchain Developers: There is a significant demand for good Blockchain engineers with relevant expertise. However, there is a shortage of qualified candidates for Blockchain and AI developers. The developers’ work generally involves making systems more secure, designing solutions to address issues, and coming up with innovative fixes and improvements.
Roles and Responsibilities of a Developer:
- The maintenance and creation of software are essential for the functioning of blockchains.
- Computer protocols are employed to eliminate the need for an intermediary in financial transactions.
The required skills comprise:
- Familiarity with JavaScript and React, both popular languages for web developers, is beneficial. React is a JavaScript library that is employed for building user interfaces.
- Python and Solidity are also mandatory.
- Creative thinking ability and the courage to take charge.
- Since this technology has emerged recently, firms may have unrealistic expectations of its capabilities despite a lack of prior experience. Therefore, the developer’s ability to understand the client’s mindset and manage expectations is crucial.
- The ideal candidate should have a computer science background.
- Specialized blockchain courses or training are required.
- As the workplace, its technology, and its sectors are constantly evolving, you must adapt to the changes.
Ethereum Developers: Ethereum has the largest development community by a significant margin, with approximately 30% more developers than any other blockchain. This is because Ethereum is the second-largest cryptocurrency and is the technology behind smart contracts. The primary responsibility of Ethereum Developers involves either creating DApps (decentralized apps) on the Ethereum network or exploring approaches to advance and enlarge the current version of the Ethereum platform.
Necessary skills comprise:
- Preference will be given to candidates who possess developer qualifications and have a fundamental understanding of Blockchains.
- Deeper understanding of Ethereum’s internal workings.
- The ability to write code in Solidity programming language is essential.
- Short refresher courses are necessary.
Since cryptocurrency markets are relatively new and most firms entering this field are new names, the demand for candidates with outstanding interpersonal skills is higher than in most other technological fields. Given the relative novelty of this technology, developers cannot count with a lot of background knowledge. So, customers’ needs may not always be clear. Developers are responsible for comprehending the requirements and, sometimes, doing some improvisations and reading between the lines. It is not unusual for developers to redo a project several times until it meets the customer’s satisfaction. Meeting deadlines and keeping calm under pressure are crucial capabilities for this position. Additionally, being able to empathize with customers, convey information clearly while recording, and work well with others, both within and outside the company, from the client’s office to their own, are also prerequisites.
In large numbers, technology-savvy millennials are attracted to this nascent sector. However, sometimes wages are granted in bitcoins to maintain confidence in the cryptocurrency sector. Governments only now are realizing the potential of this group and working on legislation, so maintaining compliance is crucial. In the cryptocurrency industry, startups make up the vast majority, but established players such as IBM, Facebook, Walmart, Deloitte, JP Morgan, among others, are starting to move into the sector. These organizations care more about the underlying blockchain technology than the cryptocurrency jobs themselves.
If you are a cryptocurrency start-up trying to hire employees with background knowledge in Blockchain technology or Cryptocurrency development, you may face difficulties finding skilled candidates. To provide employees with the necessary training courses, businesses must set aside significant funds for their learning and development. As an EOR firm, we can assist you in finding the ideal candidate for your company’s workforce. If you need a local Human Resources firm to handle recruitment for a foreign office or branch, we can provide that for you. We have the resources to manage all aspects of Human Resource Management for you, including recruitment, onboarding, payroll, taxes, and compliance. One of the benefits of working with an Employee On Record firm is that you can pay for both personnel and our services with a single check. This frees up your valuable time and resources to focus on your core competencies while we manage the ancillary tasks on your behalf.
