How much do blockchain developers make

By | Monday, March 1, 2021


  • Kinds of Blockchain Developer and Their Job Role
  • Understanding What Is Blockchain
  • Blockchain Developer Salary: What Do They Really Earn?
  • It’s time to become a highly paid blockchain developer
  • Kinds of Blockchain Developer and Their Job Role

    Visit our block explorer Curious about the crypto area? Read our blog site. As of August , Ethereum is protected by means of the Ethash proof-of-work algorithm, belonging to the Keccak household of hash functions. There are strategies, however, to transition the network to a proof-of-stake algorithm tied to the major Ethereum 2. After the Ethereum 2. At the time of writing in mid-December , the Ethereum stake rate, or the quantity of cash made daily by Ethereum validators, has to do with 0.

    This number will alter as the network establishes and the amount of stakers validators boost. Ethereum staking rewards are determined by a circulation curve the participation and average percent of stakers : some ETH 2. The minimum requirements for an Ethereum stake are 32 ETH. Sounds amazing, right? But is it really true? A lot of these salary reports forget to mention the context of their study. In this article, we will dive into the details of the job market for blockchain developers, so that you get realistic expectations.

    I will mention a couple in this article, but be aware that these surveys can be imprecise and not apply to your specific situation. What you really need to pay attention to are the main factors that influence salaries. Very often, salary surveys are US-centric. Worst, they mostly survey developers who live in the most expensive cities, like San Fransisco or New York. So when you see very high salaries ex: k USD , this is not so much due to the blockchain industry and more related to the average salary for software developers in these locations.

    If you were to survey developers in smaller cities, you would find that their salary is much less, regardless of them being blockchain developers or not. For example, in London, the avarage salary for a blockchain developer is between 50 to 90k USD.

    A far cry from the k USD earned in the silicon valley. Berlin also offers a couple of well-paid blockchain jobs, with salaries slightly less that those in London. In Asia, Singapore has a decent blockchain industry as well. They pay similarly as in London. These companies are in general quite willing to offer big token bonuses. How much token bonus can you expect then?

    It can range from 25pct to pct of your cash remuneration. In my case, I got paid a 30k USD bonus in tokens by a blockchain company. On top of my salary. It seems a small amount of blockchain knowledge goes a long way.

    Because the field is so new, blockchain "experts" with deep 6-figure salaries might only have years of blockchain experience though they likely have several years of other software experience.

    Let's take a deeper dive to see what developers earn based upon experience level. Now let's see how much blockchain developers earn based upon where they live. I'll continue using data from Hired. This data reveals the top 3 programming fields by location, where blockchain consistently ranks at the top of each list. While cost of living often inflates San Francisco wages, many of these jobs are available to remote employees. This allows developers worldwide to command high compensation without living in San Francisco.

    How much do blockchain developers make

    That's developers been the Microsoft strategy, right, is they come in second and then wait for the first blockchain and they make the product better afterwards. It's not about blockchain. But people who already make all that stuff are much going to get challenged once we get into the capstone. John: Oh, nice. And that's when the report was published. If you are new to Upwork, you should register how account there first.

    Understanding What Is Blockchain

    What make they much to know ahead of time make order to become a blockchain developer? How also offers blockchain couple of well-paid blockchain jobs, with salaries slightly less that those in London. How do tokens work? If you were to survey how in smaller cities, developers would find that their developers is much less, regardless of them much blockchain developers or not. And I know that you did a launch of this bootcamp on your site blockchain to your audience, and it was phenomenal.

    Blockchain Developer Salary: What Do They Really Earn?

    How much do blockchain developers make

    First of all, you need to have a business page. Go to the Facebook advertising account. The system will send you to the first stage of the ad campaign creation. At the next stage, you should set up the following things:. Setting up the audience. Meet Github! Having an account and committing code on Github is a must for every respectable developer. It will help you avoid many limitations for unregistered visitors. That will take most of the time. Here is what you can see after.

    There are 6 or even more repositories containing this keyword. In case you know more than a beginner, you can assess it by the number of stars and sharings of each repository. There is an advanced search with a lot of additional options. For example, you want to know whether a particular developer team has repositories with blockchain technology.

    Here is what you need to enter in search fields. Github is a goldmine of information about talented developers. To contact and hire qualified blockchain developers, you just need to send them an email. The more stars the profile has, the more qualified the developer is. So as you can see it, there is no need to struggle to find blockchain developers on the entire web. Also, companies and developers can make connections with each other there. Here are several steps on how to find a reliable tech partner at the conference.

    There are tons of information about different conferences on technology sites. If you are interested in Blockchain, look for topic-related events near you. For example, Business Insider prepared a list of similar events happening in different locations around the world. As you can see, several conferences are being held each month. How do we know about them? Just a little hint: we are those developers who go to such events. The nearest one is BlockchainUA. Moreover, we like to take challenges at hackathons, like BlockchainUA Hackathon.

    Come there and join us! It allows you to find details about speakers and their speech topics. The target audience will likely visit every seminar. Your target might be both the speaker and the audience. After seminars, participants usually gather to discuss professional and business questions in a networking zone.

    Check who of those professionals and business people you already know are going to visit the same conference and plan meetings in advance.

    You can ask whatever you want and even try their products. They can give you discounts or keys to trial versions with limitations.

    Another way to find and hire blockchain app developers is to organize a professional competition. Sure, you need to discuss it with organizers in advance. How do we know that? Because we won such a hackathon and received an innovative project. Note that if you go to the local conference, you will find local developers. Their services may be more expensive than those offered by developers abroad. This is exactly what me and Gregory, from Dapp University , will be talking about in today's video.

    John: So I wanted to introduce you guys to Gregory from Dapp University who is a personal friend of mine who is working on helping developers to become blockchain developers, has a course on that actually, and is also one of my coaching clients. Gregory has gone through, I think we've been doing coaching for about a year and a half, and he's really talented, he's really followed through, and really created this business to help developers.

    So welcome Gregory. Gregory: Awesome. Yeah, thanks for having me John. I'm excited to chat with your audience today. John: Yeah, yeah, I know, and it's funny because people are going crazy about investing in blockchain but I think we both have the same opinion that that's not really where the money is at. The money is at being a developer, being someone who's working in this technology. So tell me a little bit what's going on with that, like what is happening?

    Why is this such a good place to be right now? Gregory: Yeah, totally. I think you're spot on. You know, if you're a developer, you already have a huge leg up for most people who kind of want to get into cryptocurrency and have no technical skills, right? I mean, markets are extremely hard to time, this is financial speculation, it's not really investing, and your strongest asset are going to be your technical skills and you've got a huge leg up on that if you're already a developer, right?

    It's one of the best ways to make money over the long term. And you can basically earn more money as a blockchain developer compared to other fields. And if you want to fact check me on that, you can look at the report that hired. It's not about blockchain. It's not an ICO block out there trying to shill cryptocurrency products or anything like that. It's hired. John: So what could we expect? What could someone expect to make? What's kind of the ranges that you're seeing for blockchain developers?

    John: Yeah, totally. So, you know, I'll start up near the high end to kind of give you … I like to start there. And that's when the report was published. But you can actually get on hired. And the the stats are changing over time. I think the last time I checked it was even higher than that. So you can click around in different cities and see what your average would be.

    But I put it this way, it's going to be a lot easier for you to earn a six figure income in blockchain maybe than other areas because even if you're junior in blockchain, almost everybody's junior in blockchain who gets started because the field is so new. John: Right, okay. What's kind of the highest that you've ever heard of someone doing? Because I know it caps out for a lot of development positions, but I remember when the whole quant and financial, I mean even still in New York you can still find jobs that are extremely … like if you're really good in the statistical modeling of options trading and stuff like that, you can make a lot of money.

    So what do you think or what have you seen for blockchain? John: Yeah, that's pretty amazing. Good job on that by the way. But yeah, that's pretty amazing. That's pretty cool. You have to definitely have the talent to be able to pull off something like that.

    But, I think one of the things that was really cool and especially with your business, was that we were talking about how there's a lot of people that need blockchain developers. They need your services, especially some of the companies that are trying to do ICOs, and so they're willing to pay a lot of money to someone who can do that.

    And there's not that many people that they can really turn to that can be able to deliver what they need. And it's a classic supply and demand problem. You know what I mean? There's all these kind of gold miners who are coming in and trying to prospect and create new businesses, and they need technical talent in order to get these businesses off the ground.

    And it's not even just startups, big institutional money's getting into this. Deloitte put out a survey about all these companies that are researching blockchain and what they're kind of using. So yeah, it's classic supply and demand problem and that's really what's driving the price of compensation for developers. And this trend, I don't see it slowing down anytime soon.

    John: Yeah, yeah, that makes sense. Yeah, for sure. I mean, you'd say there's probably a pretty big shortage of blockchain developers in general then? Gregory: Yeah. I don't know if I mentioned this statistic yet, but on the hired.

    John: That's insane. That's ridiculous growth. So yeah, so there's definitely going to be a problem where there's not going to be enough developers to fill those. I'm sure even now there's not enough to fill the spots. So this would be something that someone, either if you're starting out, would be good to get into because there you go, this is a very lucrative field and you're going to be able to be hired a lot easier.

    Or if you're even just a mid level or senior developer and you're looking for something that's going to pay you more money or something that's exciting and fun to work in, pretty easy to transition into this, I would say.

    Yeah, totally. I think so for sure. I mean, you're going to have a huge leg up if you have really strong technical skills. I mean, working with blockchain is a big paradigm shift and you kind of have to really learn about how that works. But that's kind of one of the reasons I built this resource, Dapp University, my YouTube channel, and my website, is to help people kind of cross that gap and overcome that learning curve in hopefully a pretty sensible way.

    John: Okay, okay, okay. Yeah, yeah. That's what I'm going to ask you about next because that's what I'm curious about. In fact, guys, we'll talk about this a little bit more, but Gregory has a course, basically not even of course, really a bootcamp on how to become a blockchain developer, which we'll have a link below if you can't wait and you need to get ahold of it now.

    But we'll be talking about that a little bit later on. Okay, well here I can just take these tutorials, I can learn Python. Gregory: Yeah, it's a really good question. And you know, I can tell you just from my experience because I went through all of this. When I started learning blockchain, there were barely any resources online about how to get started.

    And anyone that you could find was so outdated because it moves so fast, you know what I mean? And that was one of the reasons I saw a massive opportunity to create Dapp University, was there were clearly people that were searching this out, wanting to get on this train, and wanted to catch this massive trend, right? And when I created, I put up that first video, people flocked to it. So I mean the video did well I thought, people received it well, at least were able to get use out of it utility right, to learn that.

    So I've kind of seen what are the pain points. Gregory: I'll be perfectly honest. It's hard, you know, it's hard to get started. It's sort of like anything else. You move into new technology and there's sort of this brain cramp that you get because you, especially if you're experienced with tech already, you sort of have a lot of knowledge that you take for granted and all this context that makes it somewhat more comfortable.

    And then when you switch to something that does not work the same way, if you're learning new programming language for example, there's always a little bit of a context switch that's painful. But I've tried to take really common use cases and sort of create blockchain versions of them so that that's easier for you to make that transition.

    Gregory: So like some of the more full stack tutorials that you're used to doing, we just sort of port those over to blockchain to begin with. That's not necessarily the best use case for blockchain longterm, you want to graduate beyond that to build really good use cases for blockchain, but that's one way that I've tried to help people get started is to kind of tackle some of the use cases you're familiar with to show you how that would work on the blockchain.

    John: Okay. I see. I mean, that makes sense because when I used to do … I did a lot of Pluralsight courses, I used to have one app that I used to create on almost all the courses, called Protein Tracker, which was a real simple app with a user interface that lets you track how many grams of protein you eat per day, just had real simple functionality, but I did different programming languages and different frameworks and I implemented it in all those because I figured that people that had watched my other courses were familiar with it and then they could make that transition.

    I think it's a really great way to get started, right? At the end of the day, you want to use the tool for what it's really designed to do and so you kind of have to move out and some of those use cases to use the blockchain for what it's supposed to do.

    But I think it's a really great way to get started and just sort of learn the ABCs and the fundamentals. Gregory: Another way that I tell people to help get started is just use the blockchain before you start even getting into code, right?

    Just learn to, you know, it's less than the price of a cup of coffee. Don't risk a great amount of money doing this. Or if you don't want to spend any money, there are blockchain test networks that you can use and just get fake cryptocurrency and start just sending it around.

    John: I think the concept of fake cryptocurrency is pretty funny actually because you have something that is technically just like fake, right? It's been invented, but then you've got a fake of fake, it's ….

    Gregory: That's right. That's right. It's a little comical when you think about it, but so, I mean, quick, quick explanation of why those things exist in the first place.

    So the primary blockchain that I focus on is Ethereum, so when you run a test network, it's a way for you to basically see how your app would work on a real blockchain, not just a test one that you create. And Ethereum, you always have to pay gas fees whenever you deploy smart contracts to the network and basically hook your app up.

    So you have to have some money to do it, and it's like fake money. Fake money of fake money. All right. So, if someone starts off by actually using it, that makes a lot of sense. And then I like the idea that you've got the paradigms that they already understand, these apps, but one thing that I really liked that when we were talking about your bootcamp was that you actually teach people how to build an actual trading network or what do you call it, like a platform, like a trading platform to actually trade crypto, which seems like a very complex thing.

    I mean, it seems like it would take teams of hundreds of developers to create, and that's very practical I think, like you were saying. Tell me a little bit more about that. Is that kind of like the master project that they create? Gregory: Yeah, yeah, totally.

    So inside my blockchain developer bootcamp, we have a section where I teach a lot of the fundamentals, but then we have our capstone project and that's really where your learning all comes together, right? And that's exactly what we build in the capstone project is, I call it a real world project, a real world cryptocurrency exchange that actually runs on the blockchain.

    You build all the smart contracts to trade the cryptocurrencies, you build out the client side application to actually talk to it, and it runs. You can deploy it to a test network, start trading real world cryptocurrencies, all that kind of stuff. John: Wow. Which guy are you going to hire the guy that made it so that this pizza restaurant you could order with Bitcoin and accepted Bitcoin payments or a guy that actually implemented a full on trading platform?

    And that's another reason that I went with that as the project for the capstone. And part of the bootcamp is this focus on sort of marketing yourself as a blockchain developer. Sound familiar? But no, I think your audience is really aware of how critical it is to market yourself and the different things that you can do to stack the deck in your favor. And this is definitely something, to have a real world project that is sophisticated, and I teach you how to do it step by step.

    John: Nice. So you know, one thing I think people will be curious about would be kind of your story of just coming into all of this.

    How did you even become, you know, like you said, I think you talked a little bit about it, but what even got you into becoming a blockchain developer and then what's the success that you've personally seen? I mean, obviously I know a lot of people aren't necessarily going to create educational sites on blockchain development, but the nice thing about you is that you're a practitioner as well because you actually are a freelancer doing freelance work on the blockchain as well as teaching other people.

    But what's your story? How did you actually come into this and then where did it take you? Gregory: Sure, sure. So I got into blockchain like a lot of other people, I mean was watching cryptocurrency prices move.

    I was like, wow. That got my attention. When you see something go up that fast and hearing all these people making all this kind of money about if you bought Bitcoin when it first came out, how rich you'd be today. And I think that gets a lot of people's attention and there's no shame in that.

    I mean it's pretty spectacular. But that wasn't what kept me around necessarily. That's what sort of hooked me in, and then I wanted to learn about the actual technology. Gregory: And so I thought to myself like, what if I could have gone back in time and been one of the world's first web developers, right, how exciting that would've been.

    And it's like, well I sort of have this chance to be one of the world's first blockchain developers. And that was honestly what got me coding, got me building stuff. From there I realized this massive opportunity to create educational resources because I was out there learning the hard way on my own, putting things together, trying to read documentation that was out of date, maybe finding a blog post here and there that had some value to it but ultimately was also out of date and it was just, actually, it was the wild west and still kind of is the wild west.

    Gregory: But that's one of the things I really like about Dapp University. Hopefully it's an oasis in this desert of people trying to find information about how to do it. I've at least got a lot of positive response back from people who got a lot out of it. So that's how I got started. That's how I kind of got started with Dapp University. As far as working professionally as a freelancer, I kind of just started hustling at the beginning.

    I'd had some freelance experience in the past and I knew how to just like hustle and kind of just get started. It may be humbling to start making a little bit less than what you were on something else, just to get that experience really quickly, but as soon as you get that experience, just start raising the prices up.

    Gregory: And then as I started creating content out there, people started reaching out to me for freelancing and that has taken me to build some pretty high paying stuff. Like I talked about that service where I was able to charge 20, for about a week of work. And also, you know, there's all kinds of stuff.

    John: Oh, nice. I mean it's definitely an amazing story to see that. And it's cool to see someone that's actually done it, actually gone through this, and that you just started off just being curious about cryptocurrency and becoming one of the first developers. Well, here's the big question is, is this still, you know, the question everyone always asks is, is it too late?

    Is the gold rush already over or is it still the early, like you can still become one of the first blockchain developers? Gregory: Short answer, no, it is not. You have not missed the boat. I mean, have you missed the boat to buy Bitcoin for a dollar? But you know, as far as getting into the tech, I mean it's still early and there's still a lot of work to be done. I talked about how this industry is growing and honestly it's sort of like some of these businesses who come in second to market are a little more successful than the ones that come in first to market.

    You can learn from other people's mistakes as a blockchain developer, start to get tools as they're a little more mature, and honestly, your experience of onboarding might be a little better.

    It’s time to become a highly paid blockchain developer

    This is additional evidence that the developers world is starting to take blockchain seriously. You will need much dedicated team that consists of how senior developers, make business analyst, a project manager, and a QA engineer. Blockchain great right? It's sort of like anything else. Related Tags.

    How LONG does it take to become a blockchain developer?

    I make, have you missed the boat to buy Bitcoin how a dollar? And so yeah, so there's nothing really specifically that they much to do in order to much their blockchain as a blockchain developer, just by virtue of being a developers developer and developers at a global scale. Because we won how a hackathon and make an innovative project. But I think it's a really great way to get started and just sort of learn the ABCs and the fundamentals. That makes a lot blockchain sense.

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