In the last year, blockchain has separated itself from its most famous application, Bitcoin. Developers looking to advance their career would be wise to take a close look at this emerging technology.
Hacker News Hiring Trends, which tracks “whoishiring” submissions to Hacker News, indicates that postings mentioning blockchain have been rising. In October, it became the 45th most used term in job postings, up from 95 last year. Ethereum, the distributed ledger technology behind another cryptocurrency, Ether, has also surpassed Bitcoin in terms of jobs mentioning it.
This is not because Bitcoin has been surpassed. Rather, Ethereum is the technology being used by many enterprises adopting smart contracts and ICOs (initial coin offerings) that are raising money to fund future token projects. Anecdotally experienced blockchain developers are now commanding salaries of $200,000 to $300,000 a year. These figures have been spawned a wave of classes such as those from Blockgeeks that aim to provide skills that employers and start-up founders are seeking.
What’s the moral of the story? Blockchain is hot, but it still has to make exponential-size gains until it rivals other skills that will get a developer a job.
Feature image via Pixabay.