Others

Here’s How You Can Start Your Cryptocurrency Career

Cryptocurrency Career

What is Cryptocurrency?

Cryptocurrency is an intriguing innovation that does not fit into any current category. A
cryptocurrency is a digital asset that can be transferred from one person to another
without the intervention of a central authority such as a bank or government. The
blockchain is a decentralized database that records all transactions.

Function of cryptocurrency

Bitcoin and cryptocurrency work as a global currency that allows people to choose and
manage their money without going through an intermediary such as a bank.
When we deposit money in a bank, we essentially lend it to the bank, which then invests
it or uses it for other purposes, keeping only a tiny portion on hand. There are not
enough funds available for everyone during economic crises when people need access
to their money in droves.

By putting crypto-assets directly into your possession, cryptocurrency circumvents this
obstacle. It also lets you send money to anyone worldwide without worrying about
borders or currency conversions. It also cuts out the middleman, which no other
payment service currently does.

What is Blockchain?

A blockchain is a decentralized ledger. Thousands of computers have a copy of the
folder. All documents must approve and accept the new version when the registry is
modified.

We do not require a central bank or government to confirm that the value of a
cryptocurrency token has changed ownership when transferred from one individual to
another. Everything is documented on the blockchain. So, at its most basic level, a
blockchain is a log of transactions between the tokens that operate on it. Each digital
currency has its blockchain.

On the other hand, some blockchains go further and offer additional features. Various
best crypto books will help you to learn blockchain.

Types of cryptocurrencies

There will be a brief overview of three of the most important cryptocurrencies, as there
are over 1,300 in total. Each represents a distinct type of cryptocurrency.
Bitcoin
Digital currency name = bitcoin
Bitcoin, the best-known cryptocurrency, is a transactional cryptocurrency. It is intended
to be used as a medium of exchange for goods and services. In bitcoin, blockchain
technology is used.
Ethereum
Digital currency name = ether
Ethereum is a type of cryptocurrency known as a cryptocurrency platform. It can be
used to promote apps and even new cryptocurrencies.
Ripple
Digital currency name: XRP
Finally, Ripple is an example of a cryptocurrency that serves as a utility. Traditional
financial organizations, such as banks, use it to send money quickly and efficiently.

Types of Cryptocurrency Jobs

There are plenty of reasons to be excited about the new industry when it comes to
cryptocurrency trades. It is a growing industry that mainly attracts millennials. Many
crypto positions are at startups, where salaries are 10-20% above industry averages.
Plus, the incentives and benefits are comparable, and there are plenty of remote jobs
available compared to other professions if you want to pursue a career as a digital
nomad.

Blockchain Developer/Engineer

Expected salary: $79,985 per year on average, with $112,000.
What they do: The distributed ledger that underpins bitcoin and other cryptocurrencies
is known as the blockchain. Blockchain engineers use technology to create new security
solutions for their businesses.

You must first work as a standard developer to enter this field, preferably with a CS
degree or Bootcamp training. After that, enroll in courses to learn more about
blockchain technology.

Ethereum Developer

Expected salary: $90,000 to $110,000 per year.
What they do: They specialize in Ethereum blockchain development, including building
blockchain-based applications. Solidity is the primary language you should be familiar
with.

As with other blockchain engineers, you should start as a conventional developer,
preferably with a CS degree or Bootcamp background. Then, rather than studying
general blockchains, focus on the Ethereum blockchain and learn how to build DApps,
code in Solidity, and use efficient techniques.

Smart contract developer

Expected salary: $90,000 to $120,000 per year.
They do: Using the Solidity programming language, they create robust intelligent
contracts for Ethereum and leverage APIs to read, write, and update data on the
blockchain.

Start as a conventional developer, preferably with a CS degree or Bootcamp experience
to enter this field. Master the Solidity language and related tools by studying Ethereum.
After working as a general Ethereum developer, you can specialize in this area.

Ethereum project manager

Expected salary: $90,000 to $120,000 per year.
They do: Using the Solidity programming language, they create robust intelligent
contracts for Ethereum and leverage APIs to read, write, and update data on the
blockchain.

Start as a conventional developer, preferably with a CS degree or Bootcamps
experience to enter this field. Master the Solidity language and related tools by studying
Ethereum. After working as a general Ethereum developer, you can specialize in this
area.

Who Hires for Cryptocurrency Jobs?

If you are looking for a cryptocurrency profession, you may work for a variety of
companies. Here is a basic overview of what they are.
Companies launching new coins or tokens

ICOs (Initial Coin Offerings) venture in which team members use blockchain technology
to create an entirely new currency. These projects are used for several purposes.

Cryptocurrency startups

Over the past year, the cryptocurrency startup jobs scene has exploded. More money
was invested in bitcoin businesses in the first half of 2017 than in 2016. Electronic
health records, games, search engines, chatbots, renewable green energy, file sharing,
human resources, and many other products are being developed and improved. By
crypto startups. Who is hiring for cryptocurrency jobs?

If you are looking for a cryptocurrency profession, you may work for a variety of
companies. Here is a basic overview of what they are.

Companies launching new coins or tokens

ICOs (Initial Coin Offerings) venture in which team members use blockchain technology
to create an entirely new currency. These projects are used for several purposes.

Cryptocurrency startups

Over the past year, the crypto startup scene has exploded. More money was invested in
bitcoin businesses in the first half of 2017 than in 2016. Crypto startups are developing
and improving electronic health records, games, search engines, chatbots, renewable
green energy, file sharing, human resources, and many other products.

Companies with a big name

Finally, don’t think that pursuing a job in bitcoin will limit you to small businesses! There are currently job vacancies for blockchain engineers/developers at the following companies (among others):Visa, Microsoft, IBM, Intel, and JPMorgan Chase are just a few companies that have partnered with JPMorgan Chase. More big-name organizations are hiring for blockchain roles every day, so if the startup atmosphere isn’t for you, you’ll have no trouble finding work at a well-established company.

Conclusion

That’s all you need to know to build your career in cryptocurrency. Whether or not you
intend to work in cryptocurrencies, it is a rich and promising field worth studying! If you
want to learn more, sign up for a course.

Amy Rey
the authorAmy Rey
Lifelovesu2@gmail.com

Leave a Reply