Blockchain was the fastest-growing skill in 2018. Its growth exceeded 2,000% for three quarters in a row and 6,000% for year-over-year growth. No wonder – blockchain has the power to transform the way money is transferred, how people vote online, how they verify their identities, invest, prove ownership of digital assets, and much more. In this article, we’ll take a close look at the much-debated topic of blockchain developer salary. We’ll discuss:
- What is blockchain?
- Blockchain developer salary
- Skills that affect blockchain developer salary
- Ethereum developer salary
What is blockchain?
One of the biggest advantages of blockchain is that it’s a distributed network. Instead of relying on a single registry, blockchain relies on a network of computers forming a secure chain or ledger. That makes it resistant to manipulations or hacking as an attacker would need to hack more than 50% of the computers in the network at the same time.
Another reason for the popularity of blockchain in the tech world is that major companies such as IBM, Samsung, and SAP have taken blockchain seriously, implementing more blockchain-based features and regularly hiring engineers and computer scientists specialized in the blockchain. What is more, blockchain is now being used in the fields of business and finance, even by traditional companies like Visa or Bank of America. All of that affects the job market and average blockchain developer salary.