Blockchain Developer : Be Early to Future of Finance

Blockchain technology is still considered to be one of the most promising tools for transforming the processes in the digital world. Originally, Blockchain was designed to support Bitcoin and after realizing that it is versatile and very secure, the business and government sectors have started to take notice and use it extensively. Between 2020 and 2030, the US Bureau of Labor Statistics (BLS) projects 13% job growth.

 

With that in mind it will not come as a surprise that in case you are interested in getting into a promising career that has a great potential for growth and that features a new and promising technology that is still in its infancy, you should consider becoming a Blockchain developer.

 

If this interest you and you want to know how to become a Blockchain developer, then read on and get to know all that you need to know about this interesting and fascinating career.

 

What Is Blockchain?

 

A blockchain is a record of all the transactions performed by the users of cryptocurrencies through various P2P networks. And this blockchain technology is different from any other normal actionable approaches, which are conventional and governed by some governments and factions. However, this is a decentralized blockchain, thus this is not under the regulation of any one party or organization.

 

Blockchain technology is advantageous for even more business all over the globe because by using the blockchain technologies, businesses can transact securely without the intermediary. Peers validate the transactions and store the record in a decentralized digital database known as blockchain. Every node in the network simultaneously creates and stores the new blocks of the blockchain permanently.

 

That is why Blockchain technology is considered secure and it is almost impossible to change something that has been recorded in the blockchain network. Moreover, the cryptographic hash increases the difficulty of manipulating the data as it will always inform you when the data has been changed.

 

Understanding Blockchain Development?

 

Blockchain development is defined as the process through which one gets to design, create and sustain a blockchain platform. This entails establishing the environment through which blockchain application and services including digital currencies, smart contracts, and distributed applications can be developed and controlled. It also includes the creation of the tools and technologies that are required for the functioning of the platform. 

 

The term blockchain application refers to an application that takes advantage of the characteristics of a blockchain, for instance the security, transparency, and reliability. Blockchain development is a rather intricate process that presupposes profound understanding of the main concept.

 

Blockchain also needs a serious adherence to security and growth capabilities. Creating the blockchain platform is a complex process that needs a lot of time and money as well as professionals in the field. Global Blockchain Market is estimated to register a CAGR of 66.2% from 2022 to 2027, according to the report by MarketsandMarkets.

 

What does a blockchain developer do?

 

Core blockchain developers develop and maintain the architecture of the blockchain system . They design protocols, develop security patterns, and oversee networks.

 

A Core Blockchain Developer has to picture the security and the design of the presented Blockchain system. In total, one can conclude that the Core Blockchain Developer is the person who prepares the foundation for further development by others.

 

What are the tasks of Blockchain Developer?

 

A blockchain developer designs decentralized applications like dApps and smart contracts and in addition to this, he must understand the structure and the standards of the blockchain technology. This profession is related to the production of the 3D models, 3D designs, and 3D contents including the likes of those in the games.

 

What skills do you need to be a Blockchain developer?

 

In essence, one cannot be a blockchain developer without having some technical skills. These may include

 

•    Basic understanding of how the networks work, for instance the TCP/IP and the Domain Name System (DNS).
•    Some of them are experience in distributed systems, i.e. networks of machines, and some of them are experience in web application development frameworks like Flask and Django.
•    Proficiency in at least one of the most used programming languages such as Java, Python, and others.
•    Cryptography and data structures (such as linked list and arrays) knowledge.

 

Roles & responsibilities of the Blockchain developer

 

•    Design the Blockchain protocols
•    Propose the network architecture that can be used for the centralizing or decentralizing the data
•    The development of backend based on the Blockchain protocols
•    Creating front-end designs to suit the client’s specifications
•    Drawing and managing any of the smart contracts

 

The Blockchain developer is specifically required to solve complex problems, such as command and control and high integrity. It also does advanced analysis, design, development, and testing, as well as computer software debugging for the particular product hardware or for the technical service lines of the businesses. 

 

Blockchain developers are involved in performing software design, operating architecture integration, and selection of computer systems. Last but not least, they work on several systems and use the experience with one or several platforms and programming languages.

 

7 Ways for a Successful and Lucrative Career in Blockchain Development

 

Blockchain has been embraced in the global market because of the following characteristics. It is an append-only p2p network that operates with the help of a blockchain and that can be altered only through consensus mechanisms like BFT, PBFT, and others.

 

In the market, a large number of IT organizations require blockchain developers. Thus, becoming a blockchain developer is a wise decision because it is the latest technology that one can learn and progress in their career.

 

There are two categories of blockchain developers which are the core blockchain developers and the software blockchain developers. While the blockchain software developer creates new blockchain applications, NFTs, and other products, the core blockchain developers establish the protocols and maintain the current blockchains.

 

Blockchain developer can be created only if the person learns or has some experience in other computer sciences and mathematical fields such as cryptography and so on.

 

1. Initiate with Learning: 

To become a blockchain developer, one has to have a good academic base in computer science or mathematics. Yes, it is possible to have a Bachelor’s or Master’s degree with a specialization in a relevant topic since this will be helpful to have a good background in the fields of computer science, information technology, and mathematics.

 

2. Level-up your Tech Skills: 

One needs to acquire a specific technical skills before becoming a blockchain developer, such as: 

 

• Cryptography:

It is a technique of protecting data from access by unauthorized personnel, risks and assaults. Computer science and mathematics are the principles that are used to build cryptography protocols. In general, data is encrypted at the sender and decrypted at the receiver by the application of certain algorithms known as cryptographic techniques.

 

• Programming Languages:

Before becoming a blockchain developer, in advance, one has to build coding skills. As we have a brief look at the various roles of a blockchain developer there is a crucial prerequisite of coding and developing different blockchain applications.

 

• Databases and Networking:

A blockchain network is a distributed P2P network where data is distributed among all the nodes in the system. Based on the definition of blockchain, database management and computer networking are the critical components of a blockchain network.

 

• Data Structures:

Learning Data Structures enhances your ability to perceive the problems at a broad level and assist in arriving at the best solution within the context. They are also used to archive data in a systematic manner that will also enhance efficiency in data storage. Learn about different data structures which include arrays, trees, linked lists and many others.

 

 

3. Knowledge of Blockchain Fundamentals:

For one to be trained as a blockchain developer, it is very crucial to learn the basics of the concepts and terminologies used in the blockchain field. It is a prerequisite skill, without which one cannot go further in the blockchain industry even if one has all the other skills. Hence, it is important to understand the basic principles of blockchain, get a better and clearer picture of these principles and also get to understand real time applications of blockchain, the operational nature of different consensus algorithms. Discuss the latest developments in the use of blockchain.

 

4. Understanding Cryptonomics: 

In blockchain technology, the data is encrypted with the help of several security measures and protocols. Cryptonomics is the union of economy and cryptography. There is a strong need for mathematics and computer science fundamentals to establish good cryptography protocols. The examples of cryptographic standards implemented in a blockchain network are RSA and hash functions. Bitcoin and Ether are examples of cryptocurrencies and to comprehend them, one need to have knowledge in both cryptography and economics.

 

5. Know About Ethereum and DApps: 

Ethereum is one of the new technologies that is distributed and based on the principles of the blockchain. It is an open source technology and widely used by many of the industry professionals. It enables the Ethereum blockchain developers to create a specific type of transaction known as the Smart Contract and other applications referred to as the Decentralized Applications (the DApps). These are similar to normal telecommunication based applications.

 

6. Read about Smart Contract and Solidity: 

This is one of the trending technology allows the Ethereum blockchain developers to code and develop a specific kind of transaction known as Smart Contracts. The intention of smart contract is to minimize the transaction between the parties and also eliminate the involvement of third party along with the extra cost associated with it. Solidity is a language used in writing Smart Contracts as well as the execution of business processes. It is somewhat similar to OOPS.

 

7. Leverage Hands-On Experience: 

It is also important for any blockchain developer to also have some practical experience in addition to the theoretical knowledge. Materialize the subjective things by creating different applications of block chain. Master programming languages like Solidity and spend time in creating Smart Contracts and DApps. As the knowledge and experience have been gained, the blockchain developers can attempt to get some internships at the enterprises that are seeking to develop more in this sphere. Most of the practical demonstrations are being offered by many online training and educational centers free of cost, paid also and their certificates are recognized in the market.

 

Types of Blockchain Developers

There are various classifications of blockchain developers and the variation is based on the experience factor. Here are the most common types: 

 

•    Hardware/Software Engineers: They design and produce good and stable software that can be integrated with other third party software. 

•    Smart contract developers: Smart contract developers place clauses of a contract that are automated in the blockchain.

•    Application Developers: They create applications that are on the blockchain technology either to improve the GUI or to improve on a system.

•    Systems Architects: Some of them cooperate with architects to construct architectures of the decentralized systems for some of the demands of the business.

•    Core developers: These are the developers who engage in the creation of the block chain as well as offering support to the framework.

•    dApp developers: These are developers who develop applications that are to be run on the blockchain.

 

It is a team work and developers of all the three categories are involved in a project though their roles may not be the same. Each of them is different in the ecosystem, but all these types of developers are valuable and contribute with his or her skills.

 

Salary Trends for Blockchain Developer 

 

There is a huge demand for the developers of blockchain applications in the present days. Currently, the employers are in search of developers who can help them create and maintain blockchain applications and structures. According to Glassdoor an average annual pay for a Blockchain Developer in the INDIA  is  1000000-1500000 (10-15 Lakh) INR per year. But the requirement for such developers is going to increase even more in the future.

 

As the application of the technology that underlies blockchain increases in the future, the need for blockchain developers will increase as well. These developers are ready for the future as they can quickly search for other positions and their remuneration is good. Hence, if you are aspiring to get into a blockchain profession, then it is about time you did so.

 

How Vinsys will help you to become successful Blockchain developer?

 

The Blockchain developer course provided by Vinsys with collaboration of various blockchain experts and industry giants to know more about blockchain developer training contact Vinsys today !

 

Blockchain syllabus at Vinsys designed to like to decode the phenomenon that is going global with Blockchain, Bitcoin, and cryptocurrencies. By the end of the course, you will understand the basic structure and how the Bitcoin, Ethereum, Hyperledger, and Multichain Blockchain platforms actually function, you will be able to design Blockchain applications using current tools, design your own private Blockchain, implement smart contracts on Ethereum, and work on live projects. Blockchain technology content developed by vinsys with industry experts  having more than 20 years of relevant experience so book your individual or corporate training of blockchain now!