Career in cryptocurrency: things you should know
If finding a new career was on your new year’s resolution list, you may want to keep cryptocurrency and blockchain jobs in mind.
A study by Glassdoor shows that there has been a 300% rise in blockchain-related job openings from 2017 to 2018. Despite the plunge in cryptocurrency markets last year, available jobs in the field continue to rise and are expected to increase by another 300% in 2019.
The following is a list of job positions companies are looking to fill now, detailing the responsibilities as well as the skills necessary to enter the crypto jobs market.
Minimum requirements: BS in computer science, mathematics, or related field, deep understanding of cryptography
Salary: $85,000 – $200,000
Given that blockchain is relatively new, blockchain engineers can be considered the pioneers of the technology. Blockchain engineers are responsible for the advancement of blockchain systems and technologies through the research and development of various applications. They also oversee the architecture and security of new blockchains.
Blockchain engineers are usually tasked with developing new blockchain protocols or currencies and researching new ways to improve the technology. Considering the responsibilities, blockchain engineers need to be technical, adaptable, and meticulous. One mistake in a protocol’s coding could cause the entire system to fail. Senior blockchain engineers should have an extensive background in cryptography, but entry-level applicants should focus on continually learning about the technology and being adaptable.
Full-stack Blockchain Developers
Minimum requirements: BS in computer science, knowledge of distributed ledger technologies
Salary: $80,000 – $150,000
Full-stack blockchain developers are in charge of the back-end development. They work hand in hand with engineers to implement various technologies and applications into blockchain networks. They must maintain the upkeep of the cloud on which a blockchain is to be deployed, as well as design prototypes for a blockchain’s eventual release.
Given their job description, full-stack developers must have experience with object-oriented programming languages such as Java and C++. They should have at the minimum a brief understanding of blockchain technologies, wallets, and cryptography. The more knowledge a developer has of blockchain implementation and development, the more likely they are to be hired.
Front-end Blockchain Developer
Minimum requirements: BS in computer science
Salary: $70,000 – $145,000
Cryptocurrency exchanges rely on front-end developers to build the interfaces their customers use. If you’re looking for a job related to cryptocurrencies, or blockchain, this is probably the most approachable.
Front-end developers exist in almost every industry. They are the ones implementing the visual elements we see while interacting with an app, or browsing the web. Their responsibilities usually include developing user-facing features, building code, optimizing applications for speed and scalability, and collaborating with various other front-end developers.
Business, marketing, management, and security positions
Although the jobs listed here are focused more on the technical aspects of cryptocurrencies and blockchain technology, other positions related to business, marketing, management, and security are constantly made available. If you’re interested in a career in the industry but lack a computer science degree, there are still a variety of options to choose from.
Handful of benefits
Blockchain and cryptocurrencies continue to find uses across industries. At the time, large corporations such as IBM, Microsoft, Facebook, Visa, and Amazon Web Services (AWS) are all searching for talented engineers and developers with a passion for cryptocurrency and blockchain technologies. There are a wide variety of perks associated with cryptocurrency and blockchain careers.
For instance, the average salary for blockchain-related jobs is currently around $85,000, about 60% above the national average. Annual salaries can range between as low as $32,423, upwards of up to $223,667. Although about 50% of job openings are located in San Francisco and New York, most work is conducted on a computer, allowing the ability to work remotely.
Most careers in the cryptocurrency and blockchain industry have been expanded off of programming jobs into the technology and financial sectors. A career in cryptocurrency and blockchain will not only provide a better salary but also allow you to check off your resolution of transitioning into a new career in 2019.