Reasons why you should learn Blockchain development today, start learning, and build a career in blockchain. Blockchain is becoming more and more crucial in the online ecosystem. Is it time that you started learning it? Top transaction technology trends for online payment
With skills in blockchain-enabled business, you’ll have the ability to operationalize blockchain technology, transform stagnant industries and lead improved business models. Not only will this skill set enable you to advance into senior roles, but it will also position you at the forefront of change. How to become a Blockchain developer from scratch.
Learning Blockchain will enable you to work in a variety of industries. Blockchain knowledge also distinguishes an individual in a certain industry, allowing you to build networks and create partnerships in your field of interest. How to make your own cryptocurrency coin in 10 days.
What is Blockchain technology? Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).
Who is a blockchain developer? A developer responsible for developing and optimizing blockchain protocols, crafting the architecture of blockchain systems, developing smart contracts and web apps using blockchain technology are commonly called blockchain developers.
If you’re a business analyst, consultant, project manager, or specialist, you’ve probably heard of the technology that is set to revolutionize your industry: blockchain. Sometimes referred to as distributed ledger technology, blockchain is a type of technology that is transforming the way we complete transactions. From its decentralized network to its streamlined processes, blockchain is highly secure, traceable, and reliable.
Below are some of the top reasons why you should learn Blockchain development in 2022:
Job Prospects In Blockchain Are Growing Strongly
With over 200% year-on-year job growth in blockchain since 2015, now is the time to advance into blockchain-enabled business. Digital employment is creating a boom in the IT industry and blockchain is one of the fastest-growing skill sets with jobs in this domain growing at a whopping rate of 2,000-6,000%. This has resulted in the salaries of blockchain developers being 50-100% higher than conventional developers.
Approximately half of this growth in demand is for people with the ability to understand and communicate the value proposition of blockchain, and lead change in the economic, financial, accounting, legal, ethical, business IT, and strategic project management dimensions of blockchain in all types of industries.
It’s also unsurprising that 81 percent of top companies surveyed are actively using blockchain already, according to a stat on Forkast. Moreover, Markets and Markets also projected that blockchain would’ve increased from a $4.9 billion market size to $67.4 billion by 2026.
The Blockchain Technology Is Diverse
Whenever some people hear about blockchain, they think it only revolves around Bitcoin, Ethereum, and other cryptocurrencies. In the real sense, blockchain is a broader term that describes an entire internet space.
It’s more of a counterpart to a conventional centralized internet, which writes data to a single database. In essence, blockchain decentralizes data in blocks into distributed but linked computers (nodes). Indeed, its concept is more inclusive and not only deals with cryptocurrencies. How to buy virtual land in the metaverse today
Moreover, we’ve seen NFTs evolve from the blockchain. And then Decentraland, the Metaverse, and other innovations are surfacing. In blockchain development, you can do anything you’d do in conventional programming. And interestingly, there’s just so much creativity in the blockchain you can explore. Ultimately, it’s a long train of opportunity for developers than you might’ve imagined.
Web 3.0 Is Based on the Blockchain Technology
Web 3.0 is the future of the World Wide Web. Of course, no intention to discard the fact that web 2.0 will linger. Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web-based on blockchain technology, which incorporates concepts including decentralization and token-based economics.
Web 3.0 isn’t synonymous with blockchain, though. But how are they related?
web 3.0 is decentralized. Most of its core uses blockchain technology. So if you’re already a blockchain programmer, you can boldly call yourself a developer of the future web.
Besides, when the internet fully enters this new era, you would’ve had the necessary skill set to break into a novel technology without a hassle. And you’ll become an industrial revolutionist before you know it.
Boost Your Potential Income As A Blockchain Developer
To avoid regrets, it’s always advisable to consider the potential profitability of a skill you intend to learn—especially if you want to make a career of it.
According to Glassdoor, the average annual salary of a blockchain developer in the US is over $100,000. Regardless of where you live, you should be able to live more than comfortable with that kind of money. Besides, with a continuous increase in demand for the skill, blockchain development has solid income potential and is a promising career.
If you’re considering a career in blockchain development to boost your cash inflow, there’s the opportunity to do so. All you need to do is upskill and get your priorities right.
There Are Many Existing Blockchain Frameworks and Architecture
Thanks to open-source contributors, many frameworks and algorithms exist to make your job smoother as a blockchain developer.
Pre-existing blockchain frameworks like Ethereum, Corda, Ripple, Hyper Ledger, and more offer asymmetric key algorithms and hash methods that make cryptography or encryption easy.
Some even have built-in smart contracts for easy and logical state management during transactions. So you have all the tools you need at your disposal.
Of course, despite this, you can’t ignore the place of solid knowledge of blockchain development, as pointed out earlier—as this will help you better discover the essential tooling you need for a project.