Ever since the launch of the first cryptocurrency, Bitcoin, in 2009, it has come a long way in terms of its global adoption. The steep increase in demand for virtual currency has led to a talent gap. Initially, because of the complexity and newness of blockchain technology, the developers were a few handfuls in number. But this has changed as more people are becoming blockchain programmers.
The demand for cryptocurrency software developers is on the rise. An ideal Crypto developer must have a host of skills ranging from analytical, logical reasoning to soft skills like communication. Crypto developer ultimately needs to be proficient in blockchain technology, its architecture, and several other skills.
There are challenges with the rising demand for crypto developers, such as high charging prices and competition for the top software developers.
Skills To Look For When Hiring a Crypto Developer
A crypto developer is expected to know blockchain concepts, ledgers, decentralized technologies, data security, Ethereum network, cryptocurrencies, cryptography, programming languages, and more.
– Blockchain Architecture:
The applicant should have a thorough knowledge and understanding of crypto technology and blockchain architecture. This involves knowing concepts like blockchain ledger, smart contracts, and the three kinds of blockchain architecture: private architecture, public architecture, and consortium architecture. You should assess and evaluate the software developer’s expertise on how the technology works if you want the best crypto developer.
– Programming Languages:
– Data Structure:
The complete blockchain is composed of data structures. The candidate should know the complex characteristics of major data structures, constructing networks, and implementing them. They should have experience working with linked lists, acyclic graphs, hash tables, and binary search trees, the prominent features of blockchain.
Cryptography is the base/ core of all cryptocurrencies. The code creator should have an understanding of all the essentials for crypt development. Public key cryptography is the basis for authentication, identification, and any form of transaction on it. The cryptographic hash function can be used to build Merkle Trees, enabling Merkle proofs that help the scalability of blockchain.
– Encryption and Data Security:
The knowledge of encryption and data security are critically essential skills as a loss implies a leakage for competitors. The applicant should have an understanding of the Secure Hash Algorithm (SHA). The applicant should be able to pick between SHA 1 and SHA 2 for app development. Apart from this, he should know decryption techniques with an in-depth understanding of public and private key concepts.
– Distributed Ledger Technology (DLT):
DLT can be applied in diverse kinds of blockchain, and the programmer should be able to explain the use case. DLT allows data storage at several nodes rather than in a single place.
– Smart Contracts:
All crypto solutions use Smart Contracts to their advantage; in most industries, whether law or construction, it is essential to be aware of smart contracts. The applicant needs to have the understanding that it allows for the exchange of value without the need for an intermediary. Its knowledge is essential. Additionally, several languages focus on smart contract development.
Decentralized apps that run on peer-to-peer network topology. To work on the blockchain communication model, the applicant needs to have an understanding of computer networking like packet model, internet routing, etc.
Things to keep in mind when looking to hire a crypto developer
– You will need several other employees for team diversification rather than hiring only the crypto developer.
– It is best to hire one if you need him for the long term. For short-term needs or an urgent project, it is best to outsource the software developer.
– You will need extra resources like workspace, insurance, etc.
– The potential candidate should be actively pursuing the learning curve. They should be willing to adapt to innovation, new trends in technology, understanding various protocols, and maintaining speed.
– A developer must have the agility to work on various levels, find errors, and be adept at troubleshooting as the structures are unalterable. There is no way to debug if errors make their way in.
As the time to integrate blockchain into your services has come, you can put it into practice by hiring a competent crypto software developer. The hiring process should help in finding the best developer who is excellent at coding and is willing to evolve with flexibility. You can outsource your work to crypto software developers for professional expertise and insights.