Blockchain development is one of the hottest career paths in Web3 works market in 2022. For those who don’t know, blockchain is a decentralized, distributed database used to digitally store and organize information. While blockchains have various applications, they are known as the core technology behind crypto and NFTs. With their increasing adoption, demand for blockchain developers is also growing. If you are interested in becoming a developer, perhaps what is the salary of a blockchain developer? And what are the types of blockchain developer jobs?
In this guide, we will tell you what a typical blockchain developer does. We’ll also explain what a blockchain developer actually does, the types of jobs in the sector, and whether blockchain development is a good job. So without further ado, let’s dive in!
What does a blockchain developer do?
First things first – what does it mean to be a blockchain developer? Basically, blockchain development involves developing, maintaining and designing block chain applications and protocols. In other words, a blockchain developer uses blockchain technology to create applications such as decentralized applications (dApps). Smart contracts.
The latter is especially important in the context of NFTs. In short, smart contracts are digital contracts written as code and stored on the blockchain. They are designed to automatically execute the terms of the agreement between the various parties involved. This is just one example of the innovative applications of blockchain development.
Is blockchain developer a good job in 2022?
While still in its infancy, blockchain is making its way across many industries. This includes banking and financial services, healthcare, retail, IT and automotive, to name a few. in fact, Reports In the year Forecasting the global blockchain technology market to reach $69 billion by 2030, up from $4.8 billion by 2030. As a result, naturally, the demand for blockchain developers is also increasing.
So, if you are looking for a lucrative career in a growing industry, blockchain is definitely a great tech career path to go for. As with most new career fields, there is a shortage of skilled and trained professionals in blockchain. So, you have a perfect opportunity to use this hunger and advance your career effectively.
How much can a blockchain developer earn?
Indeed, an important aspect of any career path is good pay. So what exactly is the salary of a blockchain developer?
It has been reported that startups with less than a year of experience can expect a blockchain developer salary of around $120,000 per year. In contrast, experienced developers with 2-4 years of software experience and less than a year of blockchain technology experience can expect a slightly higher salary. Accordingly, a reasonable estimate is approximately $124,000 per year.
On the other hand, more advanced developers with 2-4 years of software experience can earn an annual salary of around $143,000. Finally, those with around 6-10 years of software experience and 2 to 4 years of blockchain technology experience will earn the most. Usually, it’s around $153,000 a year.
The types of blockchain developer jobs you can find
Broadly speaking, there are two types of blockchain developer jobs:
- Core blockchain developer: These developers are responsible for maintaining and maintaining the architecture and security of blockchain systems. To explain, they design protocols, implement various blockchain features, manage the network, etc.
- Blockchain Software Developer: Blockchain software developers are involved in building applications on existing blockchain networks. This means they develop the front-end and back-end of dApps, smart contracts, APIs, and more.
Final thoughts: What skills do you need?
If the lucrative blockchain developer salary has you interested in this career, it’s time to assess your skills and develop yourself if necessary. At a basic level, you need to have sufficient knowledge in various areas of computer science as well as mathematics. First, you should be familiar with blockchain architecture and its fundamentals, such as various consensus protocols.
Then—obviously—you need to know programming. Learning a couple of programming languages like Python and Solidity is always a plus. The latter is particularly common for smart contract development. Data structures and cryptography are two other areas you should be familiar with. Then, of course, modern contract developers will be able to use it thanks to new NFT projects that drop every day. So this is definitely an area you can focus on. Finally, learning web development will help you develop dApps.
If you are a beginner interested in becoming a blockchain developer, start by learning the basics. Gradually you can move into coding, smart contracts and other advanced areas. You can also choose to focus on blockchain developer jobs. Remember, your blockchain developer salary is highly dependent on your skill set and knowledge. So, get started!
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