What is the future of blockchain developers? Blockchain technology holds the potential to reshape businesses.
The versatile technology offers numerous benefits to organizations, from cost reduction to improved efficiency.
A blockchain development training program prepares you for various roles in different industries, from finance to healthcare.
As the number of organizations leveraging blockchain technology increases, the demand for professionals in this field is also expanding.
Out of all the jobs, blockchain developers are the most prominent in this industry.
Let’s understand more about the role of blockchain developers and the factors that are contributing to their rising demand.
Responsibilities of Blockchain Developer
A blockchain development company hires skilled professionals to work as blockchain developers. A blockchain developer is responsible for developing and improving blockchain protocols.
They also develop web apps and smart contracts using blockchain technology. Moreover, blockchain developers focus on creating the architecture of blockchain systems. You will come across core blockchain developers as well as blockchain software developers.
Such a company plays a crucial role in the advancement and innovation of blockchain technology, offering services to businesses and organizations looking to implement or enhance their blockchain-based solutions.
Core Blockchain Developer
Core blockchain developers look after the design, architecture, and security of a blockchain system. Their prime responsibilities include the following:
- Designing blockchain protocols
- Designing the network architecture
- Designing security patterns and consensus protocols for the network
- Supervising the entire network
Blockchain Software Developer
Blockchain software developers are tasked with developing Dapps or decentralized applications using blockchain technology.
The prime responsibilities of blockchain software developers are as follows:
- Developing interactive front-end designs for Dapps
- Developing smart contracts
- Backend development associated with blockchain
- Supervising the whole stack running Dapps
FUTURE OF BLOCKCHAIN DEVELOPERS
The market volume for blockchain solutions can reach $23.3 billion by 2023.
The top trends that will make this possible and increase the demand for blockchain developers are as follows:
1. NFTs and Tokenization
NFTs are becoming steadily popular in the business world.
These are non-interchangeable data units that can be stored on the blockchain.
Users can transact NFTs using cryptocurrencies.
NFTs are suitable for digital trading art, photos, audio, and videos.
The value of these art collections is only increasing on NFT marketplaces.
As a result, more investors are getting toward NFTs globally.
NFTs also provide proof of content ownership and origin in the art world.
NFTs are also used for tokenizing offline goods and real estate values or new business ventures.
2. Environment-Friendly Solution
Environment-friendly solutions will remain one of the most popular blockchain trends in 2024.
Most blockchain protocols need huge amounts of power.
Moreover, protocols depending on Proof of Work need computational work for validation.
It further increases the amount of energy used.
This situation will contribute to developing a greener blockchain, and we will see its rise in the upcoming years.
3. Rise of DAOs
The increasing popularity of Decentralized Autonomous Organizations can be attributed to multiple reasons.
A major reason behind this is that the decentralized nature of these organizations is leading to exemption from legal liabilities and taxes.
DAOs also enable participants from many countries to collaborate and establish multinational corporations.
They also support the hiring of foreign employees.
4. DeFi Solution and Increased Safety
DeFi solutions are extremely useful for increasing efficiency.
Amidst its popularity, DeFi 2.0 emerged in the second half of 2022.
The DeFi trend is here for the long run and will keep improving considerably.
The upgrades in DeFi solutions will ensure that designers can develop improved products and new models.
5. Layer 2 in Blockchain
The blockchain network is getting congested with the rising popularity of yield farming and DeFi.
Therefore, scaling blockchains has become quite crucial.
The two methods for the scalability of blockchains are as follows:
- Offloading some of the work to Layer 2 and scaling the network
- Scaling the base layer or Layer 1
Layer 2 is developed using off-chain solutions and third-party integrations.
The primary purpose of developing Layer 2 is to increase scalability.
The Lightning Network and Polygon are two prominent examples of Layer 2 networks.
They can significantly reduce the burden on Layer 1 networks like Ethereum.
6. Metaverse
There has been a lot of buzz surrounding the metaverse in recent times.
Facebook has transformed its name to Meta.
Microsoft is planning to provide metaverse workplace service to expand its team remotely.
Metaverse is an immersive 3D world that enables users to play, work, and communicate.
VR, AR, and other vision-related technologies sustain the functioning of the metaverse.
Blockchain technology will further improve the Metaverse by looking after payment methods, NFTs, and identity authentication in the upcoming years.
Technical skills to seal your career in Blockchain Technology
To future-proof your career as a blockchain developer, you should focus on developing the following skills:
1. Blockchain Architecture
A blockchain developer needs to have a firm understanding of blockchain technology.
They need to know concepts like distributed ledger technology, consensus, and cryptographic hash functions.
2. Cryptography
Several cryptographic methods, like hash functions, are crucial for blockchain.
Asynchronous cryptography is also necessary for generating digital signatures.
Becoming a blockchain developer is impossible without cryptography knowledge.
3. Data Structures
Blockchain developers must be aware of the applicative sense of data structures.
They need to constantly tweak data structures like Patricia trees and Merkle trees to satisfy personal network requirements.
Blockchain utilizes different data structures with advanced cryptography techniques to build an immutable and secure system.
Blockchain knowledge without understanding data structures is incomplete.
4. Web Development
Blockchain developers also need web development because they might be required to develop decentralized applications.
Knowledge about both front-end and back-end development is necessary to become a blockchain developer.
You might be responsible for API handling, developing interactive graphical user interfaces for Dapps, and request handling.
5. Smart Contract Development
Since the release of Ethereum, smart contracts have become a big thing.
Every blockchain attempts to integrate smart contract functionality in its system to apply business logic easily.
Therefore, blockchain developers must become knowledgeable about smart contract development.
It usually requires learning specific languages like Chaincode, Vipe, and Solidity.
Wrapping up
Hope now you have a clear idea about the future of blockchain developers.
Even though there is a surging demand for blockchain professionals in top companies, there aren’t enough people to fulfill the positions currently.
Since the demand for blockchain professionals will only increase in the future, pursuing an online certification is a great idea.
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