Everything you need to know about Blockchain developer

Companies are excited about Blockchain development owing to the security and transparency it promises to deliver. Since this technology is paving the way for highly optimized operation systems across all industries, many businesses are getting into blockchain development. This trend has subsequently increased the demand for blockchain developers as well.

Though this technology is still in its infancy, it is necessary to know what the future holds for blockchain developers. However, to understand that, it is also important to comprehend blockchain technology. So, read on to get a better knowledge about this technology and the importance of blockchain developer.

What is Blockchain Development?

Blockchain technology emerged with the creation of a ‘Blockchain’.?

Blockchain is a distributed ledger that holds immutable records of transactions and tracking assets in a network of business processes. The term ‘ Blockchain development’ refers to the process which involves the creation and management of blockchain applications and services. It is an ideal technology to deliver shared and transparent information which can be accessed only by permitted network members. Since blockchain technology can be used to track payments, production, accounts, etc, it finds many uses in various industries.??

What do blockchain developers do?

Blockchain developer works for programming, developing, and testing software systems and are majorly of two types: Blockchain software developer & Core Blockchain developer. Core Blockchain developers design, develop and maintain blockchain system architecture. They also build security patterns and monitor the network. On the other hand, Blockchain software developers are responsible for front-end and backend development, design as well as maintenance of applications. One of the most popular roles of blockchain developers is to build and monitor smart contracts.?

Roles and responsibilities of Blockchain developers?

• Design and execute network architecture of Blockchain
• Develop frontend and backend as per the protocols?
• Integration of blockchain solutions with other applications?
• Coordination of QA and functionality testing?
• Create and monitor smart contracts
• Creating Blockchain protocols?
• Build graphical interface as per customer requirements

How to become a Blockchain developer?

Building a career as a Blockchain developer today is one of the most lucrative opportunities to grab due to its future scope. Looking at the level industries are chasing to implement Blockchain in their operations, the demand acceleration will require a huge inflow of Blockchain experts. Hence, to start from the fundamentals, the primary requirement is to have a degree in computer science and a basic knowledge of technology. Here are some of the prerequisites other than the mentioned above that will help aspiring developers to become a Blockchain expert.?

Some of the essential skills for Blockchain Software Development

1. Knowledge of high level programming languages?

To become an expert Blockchain developer one has to be a good coder. Hence, it is imperative to learn the most commonly used high level programming languages like C++, C#, Golang, Python, Ruby, Solidity, JavaScript and Java. Most of the cryptocurrencies like Bitcoin and Ethereum are built on these languages.?

2. Practical knowledge of peer-to-peer networking and distributed systems?

Distributed ledger system is decentralized which means there is no one point of control or failure. The computers connected through a network are nodes that work as peers and communicate via messages. It is necessary to understand these concepts to work successfully as a blockchain developer.??

3. Smart contract execution

Smart contracts are digital contracts that hold the terms and conditions agreed between the two parties. It runs without the involvement of a third party after the contract is executed. These are one of the most highly-in demand features of blockchain that are going to multiply the demand of blockchain experts.?

4. Good knowledge of cryptography

Cryptography is a robust way of protecting any information because it doesn’t allow any third party to alter or update the transaction between two parties. As the world is adapting more and more to blockchain technology, developers will have to gain deep knowledge of cryptography. So if you are hiring a blockchain developer, it is essential to consider cryptography as one of the most important blockchain developer skills.?

5. Blockchain Architecture?

Blockchain developers must be familiar with the blockchain architecture which are primarily of four types:?public, private hybrid and consortium. Being well versed with these types of Blockchain architectures certainly help developers to understand the system completely.?

Salary of Blockchain developers

Blockchain developers earn somewhere between $121,875 to $180,000 in the USA, whereas in the UK, it is between 36,000 to 84,000 pounds.? Freelance developers, on the other hand, earn an average hourly salary of about $76 which counts to around $608/day.???

Benefits of Hiring a Blockchain Developer?

• Having a blockchain developer in a team proves beneficial in diagnosing issues at a very early stage and helps deliver high performance.?
• They easily estimate timelines of various projects, backing them up with accurate information.?
• A blockchain developer’s expertise will prevent project delays, low quality deliverables and over budgeting.
• Reworks and bug fixing reduces cost due to proper implementation of technologies.
• Client satisfaction can be easily achieved.?

Conclusion?

Blockchain technology has become super popular because of its high security and wide usability. Businesses are rigorously adopting it for optimizing their operations and bringing better transparency to their processes. Blockchain developers highly contribute to this process by accelerating, scaling and automating the overall operations. So, if you are looking to hire expert Blockchain developers, contact us to get the Top1% talent in the industry.