How the Skills of Ethereum Developer Are Useful in Blockchain Development
The topic of cryptocurrency and related technologies is very popular for the past few years. The more the world finds out about it, the more useful applications it can come up with. If you have ever heard concepts like “world computer” or “blockchain app platform” in your life, then you definitely heard about Ethereum. In this article, we will talk not only about the concept, but we will try to figure out who the Ethereum developer is, what do they do and how it works.
Ethereum Development and Technology
Before delving into the topic of Ethereum development and talk about Ethereum as a service let’s deal with the term itself. As stated on cryptocurrencyfacts.com, Ethereum is a special distributed and decentralized computing system. It’s open-source, which means almost anyone can change and improve it. Also, it’s based on a smart contracts and blockchain, that makes it fast and safe.
Although most people commonly associate Ethereum with Bitcoin, Blockchain technology spans way beyond the digital currencies. Bitcoin is just a drop in the ocean in terms of applications that employ this technology.
A report published by Quartz has hinted that Ethereum had the largest market share of 34.4% in terms of cryptocurrency searches during the last quarter of 2017. Bitcoin came in with a distant 29.9% over the same period.
Ethereum ranks second among all cryptocurrencies after Bitcoin. And if Bitcoin is the so-called digital gold, then Ethereum is oil. It bears this name because it allows new innovative projects around the world to work on its platform. With the help of its tools and instruments, the Ethereum development team can create dApp – decentralized applications. For example, such as the most popular of them – Cryptokitties and IDEX.
When creating software on ethereum, developers use a specially created language – solidity. Usually, it is used to create smart contracts. These are programs that make transactions and are stored on EVM – Ethereum Virtual Machine, which executes the code. That’s the feature of Ethereum programming.
Ethereum itself was created by crowdfunding, when its creator, Vitalik Buterin, realized that his idea needed financial support. As you can see, the project was incredibly successful. In addition, many world-famous companies supported the development of the project. Among them are Samsung, Microsoft, Toyota Research Institute, Intel, Deloitte, Bank of Canada, and many others. The main priority of the project is safety. Protection mechanisms are constantly being improved and strengthened to avoid flaws and prevent hackers from invading the system.
We live in a digital village where all our online data including key financial information, email, photos, and social media posts are stored on servers or computers managed by governments and other private organizations. The same applies to the basic apps we use to run errands as all the information is tracked and stored by the app provider. Once you are done using the Internet, the control of how your online footprints are managed by these third parties departs your side. Although most of these companies have security measures in place to secure your data, we can’t overrule festering hackers who may try to “sneak their snout in a different trough”.
Recently, Cambridge Analytica was caught up in a scandal where they were accused of gross misuse of data. Where does that leave your information as an Internet user? It means that it is “centralized” and controlled by a certain organization somewhere. To address this centralized data system, Blockchain platforms like Ethereum tries to bring a disruption by setting up autonomous nodes with a distinct set of rules. This allows users to use the Internet with their app usage, data, and identity all remaining anonymous.
Ethereum as a Service and Its Popularity
Speaking of Ethereum app development, it can be said without a doubt that the number of specialists in this field is growing every year. You can find countless articles about how people are hired right after graduation from courses, schools, and universities. Even Forbes wrote about the cosmic popularity of Ethereum software development among young but powerful Silicon Valley startups.
In 2016 alone, a total of 446 developers were actively engaged in Ethereum and Bitcoin-related activity. This is no longer the case as Blockchain skills are the hottest commodity in the marketplace. In 2017, Upwork the largest freelance jobs website saw the Blockchain technology skills emerge as fastest-growing from a catalog of more than 5,000 representing over 110% increase compared to the previous year. Central Europe is the leading consumer of Ethereum in terms of having the largest number of nodes. This shouldn’t come as a surprise as Ethereum Foundation and a cohort of other digital currency companies are located there.
In fact, Europe is more saturated compared to the U.S in terms of reach. This gives Europe’s Ethereum developers more exposure to the technology compared to their U.S counterparts long before the phenomena spread to the global market.
The site stateofthedapps.com has special statistics that are updated every day. There you can see the impressive number of smart contracts, decentralized applications, the number of everyday users, the amount of money and transactions. Even if the Ethereum is not spoken at every corner, this does not mean that its popularity is falling.
In addition, the popularity of any technology is measured by the number of people actively developing and studying it. They are the driving core of using the Ethereum blockchain as a service. In 2017-2019, the popularity of Blockchain development has grown 60 times and this skill spread among freelancers at different freelance platforms as a wildfire on a hot day. Many of them study Ethereum since the number of downloads of various applications and activity on GitHub tells us almost directly. In addition, some experts eloquently state that this community is much more powerful than its nearest competitor and continues to evolve. That’s why there is nothing surprising in the fact that according to Kevin Rooke’s research, 94 out of the top 100 blockchain projects were created with the help of Ethereum.
There is also a great guide on blockgeeks.com on how to hire a certified Ethereum developer (CED). There you can find detailed information about what Ethereum app development is, why Ethereum coding is a very popular and important skill, and what exactly makes a great developer. They are most appreciated by those companies that understand how much profit they can bring in the future. Among such companies, Oracle, Apple, IBM, Google, Intel, Facebook, and Amazon are the largest experts in selecting the best developers. Therefore, you should always pay attention to trends in the recruitment of similar companies and other changes. Thus, it is possible to predict what will be important in the near future and what resources and capacities it is worth accumulating today.
By offering a decentralized solution, Ethereum tries to operate the like the present day Internet, only this time without a central authority. This is made possible by running a global network of anonymously operated computers “nodes” coupled with the Ethereum Virtual Machine that executes untrusted code preventing any denial-of-service problem. With this decentralization and the added benefits of being anonymous, a complete novice or a tech-savvy can effortlessly build, test, and deploy their apps thanks to the Ethereum network. Alternatively, there are multiple necessary activities such as Ethereum coin mining, or Bitcoin to Ethereneum trading which keeps the Ethereum space agile and functioning.
Although Ethereum is at its infant stages, it has unlimited potential in the future. It has an upper hand over other Blockchain technologies thanks to the Smart Contracts which automatically execute without human intervention. This coupled with the increasing number of Apps leveraging on the Blockchain technology will eventually drive the demand. Lastly, since Ethereum Blockchain technology operates like some sort of a database, its also set to change the future of embedded development. This will come in form of creating next-generation databases utilizing the multiple records capability especially in business environments plagued with trust issues.
Ethereum Application on IoT
From a cruising height, it can be hard to get a succinct idea of the myriad possibilities a merger of Ethereum and IoT projects can bring. However, the Blockchain technology not only gives the Internet users the freedom to authenticate their digital information, it also creates value.
#1 System Efficiency
IoT is a network-controlled management of electronic devices. It could be a simple Internet connection using your phone or even temperature monitoring in a storage facility. Since the smart contracts are automated, a configuration of software, sensors, and the network would make it easy to exchange data between machines and objects. Consequently, this would optimize system efficiency and bring down monitoring costs.
#2 Reduced High Data Breaches
By the year 2020, its predicted that more than 30 billion connected devices will be available globally. This raises devices interoperability and data security concerns. To make matters worse, the open-data initiatives can be hacked meaning connected devices are constantly facing a potential attack. Ethereum smart contracts are utilized to significantly reduce the risks as automated ledgers are flexible enough to track multiple IoT activities. For example, large data amounts are monitored and managed by a contract code.
#3 Scaling Operations
Large industry players in tech, telecommunications, and manufacturing are always looking for ways to dominate the IoT space. An inherent extension of the existing infrastructure in a business means that the IoT applications can extend and mutate from just being the analytical safeguards for the mechanical parts to being massive data analytics systems.
Hire Ethereum Developer & Ethereum Development in Ukraine
Ukraine is known for its growing pool of talented developers in a wide field of spheres. There is a lot of local startups full of technical specialists of all kinds and a huge number of R&D offices of world-famous IT companies. You can find the Ethereum company in Ukraine because there is an active community and initiative government. This directly affects the ability to test various blockchain technologies on real projects and implement them in government structures. In addition, the Ukrainian community of developers is quite flexible and is developing at an incredible pace. Therefore, young professionals who take their place in the field every year do not have much difficulty studying the most trending and promising technologies. So, soon it will be easy to find certified Ethereum developer for any project.
This can be confirmed by numerous courses and schools, where the Ethereum app development is explained to the younger generation and smart contracts are created. In addition, you can easily find a lot of links with job descriptions, which are indirectly or directly related to the blockchain and Ethereum technologies. Each company is willing to pay generously to hire an Ethereum developer, which means that they have a place to gain experience immediately after the training.
It is not always possible to immediately start working in the company. Hiring a young inexperienced employee means spending a lot of resources on his training. Therefore, it often happens that they get experience working on freelancing. some of them remain there because this type of work also has its advantages. On the other hand, a freelancer can try himself in many different directions and situations that stable work in the office will not be able to give him. Of course, there may not be strange clients and unrealistic tasks, but still.
There is a list of top solidity developers in Ukraine on wadline.com. There you can see that even though there are not so many of them, they have quite large projects. And the list of technologies in some of them is very wide, ranging from application design and programming Ethereum to WordPress and PHP. While some companies are fully focused on working with Ethereum, others simply insert the necessary stack of technologies into the already existing base of their company.
While someone is trying to get the essence of technology and hire Ethereum developer, someone has a whole Ethereum team because they understood the value of it much earlier than others.
Ethereum Developer Salary
If the technology is so popular and promises incredible opportunities in the future, then what is the salary of specialists from this field? How expensive is it for companies to hire Ethereum developer? A simple comparison of the level of salaries of developers and engineers in different countries and at different levels of professional development will help us with this question.
According to rough estimates of indeed.com, it can be said that an average specialist in the field of Ethereum development can receive about $150,000 per year. This is a very approximate figure since the vacancy was posted on a job search in New York. In the same place, the average salary of such a specialist already with a higher number of vacancies was approximately $87,000 per year. Which means that the fork of salaries can be quite large. From this can only say that the Ethereum developer salary in the US is quite high.
The situation on glassdoor.com shows that for all vacancies a salary fork has formed from $41,000 to $136,000. Here the situation with the choice is better since the average salary was calculated from 34 posted vacancies of Ethereum developer. In addition, this list included both very experienced developers who were hired for a senior job and newcomers who would like to gain experience in some company after completing the training. The average wage in Ukraine, unfortunately, cannot be found on the site. But we know for sure that there are now 11 vacancies for various positions related to the development and Solidity language.
According to blockgeeks.com, Switzerland developers can get from $120 000 to $180 000 per year. In Silicon Valley, it’s around $158 000. And that’s quite impressive. Even not all seniors receive so much money in leading IT companies. Not to mention how much more it is compared to non-development work in general.
Also, when searching for Ethereum developer salary, you will come across articles about the popularity of technology. For example, according to the information from the same site, the number of vacancies related to the blockchain development increased by more than 207% from 2016 to 2017. And since November 2015, their total amount has increased by more than 630%. This suggests that in the coming years, the popularity will increase more and more, the skills will be increasingly valued, and it will be really expensive to hire an Ethereum development team.
On blockgeeks.com you can find a lot of interesting information not only about Ethereum developer salary but also why it is a great idea to start working in this field at all. For example, there are three main reasons listed: payment, remote flexibility, and employee liquidity. On the same site, you can find a clear separation of what resumes among developers are and what features employers usually pay attention to. But we will discuss this further how to become a part of the Ethereum development team.
How Ethereum Developer Resume Should Look Like
With the ever-increasing popularity of Ethereum as a service and programming in the field, the world is gradually divided into two types of people. For those who want to be a part of the Ethereum development team and those who want to find the best one to hire.
Approximately, the resume of the developer can look like this:
Yes, it is not necessary to completely repeat the set of these skills. It can be very different, but the main thing is to keep the key ones. At the same time, it is worth paying attention to wages, since it can change with a list of skills and amount of experience.
Do not forget about secondary skills too. The fact is that even if you are a high-class professional, you should be comfortable working in a team and maintain an adequate level of communication with all team members. It is important to be able not only to program, but also to ask the right questions, to clearly understand and formulate tasks. It depends not only your success as a specialist, but also the success of the whole company.
Ethereum Development and Mobilunity
Although Blockchain technology is expected to change the world, developers will play a fundamental role in this revolution. Ukraine being an IT hub presents businesses an opportunity to work with thorough and experienced Ethereum developers. It would cost you $100 per hour to hire an Ethereum developer in Europe compared to the $150-170 in places like the U.S. That aside, a top-end Blockchain application developer and Ethereum developer worth his/her salt would never fall for the monetary caduceus at the expense of a client’s project. They emphasize on assisting businesses to exploit the technology’s potential without looking to scrape a lifetime fortune.
Mobilunity is a melting pot of experienced Blockchain and Ethereum developers who have worked on projects spreading across multiple fields including but not limited to Utility, Identity Management Solution, and Supply Chain. Based in Ukraine, our team of developers has a vast understanding of IoT, AI and cloud services. We also utilize some of the latest Blockchain technologies like Ethereum, R3Corda, Hyperledger and Hashgraph.