Programming Language for Creating Blockchain Projects: How to Make Money on This Technology?

blockchain language

The technology of blockchain has great prospects for the mankind. Many analysts believe that this technology will open its entire potential only in the next decade. Therefore, it is not too late to learn a new profession or re-qualify if you are already a programmer. In this article we will find out what a programmer should do and how much he can earn.

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  1. What are blockchain projects created on?
  2. Who is a blockchain programmer?
  3. How and how much can you earn as a blockchain technology programmer?
  4. Conclusion

1. What are blockchain projects created on?

To begin with, you need to decide what product you are going to develop. The point is that if we talk about writing smart contracts on any platform, not necessarily Ethereum, then being a programmer and knowing a programming language is not obligatory. In order to develop a smart contract, it is enough to be able to use search engines and have a certain amount of patience. But knowledge and experience in working with JavaScript or Python clearly will not do any harm.

Smart contracts were created as an instrument that should be accessible to a wide audience. At this point in time, the only obstacle to developing your own smart contract is the lack of quality training materials. This is absolutely normal, given the fact that the technology is still too young. Before you create your smart contract, you should carefully read the Whitepaper of the platform which you are going to work on.

However, if we are talking about the creation of our own decentralized network, then you will need quite a lot of knowledge in coding in this case. One of the most frequently asked questions on this topic is which programming language should be chosen for blockchain. Frankly speaking, P2P networks can be written in different programming languages, but as a rule, GO, C, C ++ and Java are used. Also, you will need extensive knowledge of the principles of HTTP requests in order to write a full-fledged decentralized application, since direct access to blockchain is carried out with their help.

2. Who is a blockchain programmer?

The industry is still too young, so there is a great shortage of skilled workers. At this point in time, there are three main types of specialties in the field of blockchain-programming:

  • A blockchain engineer. The basic requirements for the candidate include experience in such languages ​​as C, C ++ or Java, understanding the construction and implementation of certain algorithms on complex architectures. If you draw a parallel with low-level development, then such a specialty can be compared to working with a clean Linux kernel.
  • A developer. He/she must be able to develop client applications that use chain algorithms to protect confidential data.
  • A developer of smart contract applications. Applicants for this vacancy are expected to have good knowledge and experience in JavaScript and Python.

What programming language is used most for blockchain? This is certainly C and C ++, but it should be noted that experienced programmers can write a blockchain-application using  any other language. In order to succeed in this industry, it is crucial to understand the principles of the algorithms and parameters that directly affect the distribution of information in blocks. A programming language is just an instrument.

3. How and how much can you earn as a blockchain technology programmer?

As statistics show, the average European programmer’s salary is $1500 – $2000 per month. There may be less or more, the final amount depends on many factors, such as: company level, project complexity, work experience, etc. The average salary of blockchain programmers, for example, in the CIS is $4000 – $5000 per month. We also need to understand that this is much less than what US or European colleagues get, and if you have the appropriate experience and knowledge, you will be able to work for a foreign company without difficulties.

These days good specialists in this field can easily find a decent job in any company. At this point in time, large financial enterprises are experiencing a deficit in such personnel, so they closely monitor the safe storage of data. Many banking branches have already begun active implementation of the blockchain technology in their products.

4. Conclusion

The popularity of cryptocurrencies has raised attention of the public to the technology of blockchain. Tens of thousands of transactions (Bitcoin transactions) are recorded every day and stored inside the blockchain of this coin.

It should be noted that the scope of this technology is much more extensive than just a payment network. At this point in time, blockchain is being actively introduced in completely different spheres of life (from medicine to copyright protection). That is why the discrepancy between the demand and the supply of qualified personnel has already formed in the labor market. In order to become a programmer, it is necessary to understand how the algorithms of the information transfer from block to the block are based. A good advantage is the experience in such languages as C / C++ JavaScript.

The blockchain technology will soon open its full potential and there will be a huge number of new jobs in this area. By the way, even now blockchain programmers have much higher wages than ordinary web developers.

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The Recent Filing of Apple to SEC Suggests Its Interest in the Blockchain Technology

It has been detected that one of the latest listing of Apple submitted to the Securities and Exchange Commission called “Conflict Minerals Report” mentioned the blockchain technology as one of the methods to deal with the issue stated there.

The issue itself regarded the mining, production and shipment of minerals used to produce smartphones and other electronic devices.

We have covered the topic earlier and informed you about the company Ford that cooperated with IBM and other giants in order to combat child labor in Africa. Their primary goal was to focus on cobalt mines in Congo, where minors were and maybe still are working illegally.

Meanwhile, Apple has some big plans on that cobalt, since this mineral is crucial for the company to manufacture their devices. However, using cobalt from the infamous mines in Congo would mean direct support of the human rights abuse.

Many experts have repeatedly pointed out that the supply chains of Apple were involved in multiple scandals involving the violation of human basic rights. Thus, the company had to make sure it got rid of the “dirty” reputation.

Apple is deeply committed to upholding human rights across its global network of suppliers that support the manufacturing of its mobile communication and media devices, personal computers, and related accessories. Apple works to safeguard the well-being of people involved in its supply chain and to protect the places where materials are sourced,” the filing reads.

Conflict Minerals Report was mainly about the work ethics of Apple and the possible ways to ensure the legitimacy of supply chains, using the blockchain technology, as well as educating other businesses how to use blockchain for security purposes.

Thus, we might draw a conclusion that Apple is getting closer to using the blockchain technology, even though it is indirect so far. Bigger step towards using the potential of blockchain might follow soon.

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A Major Japanese Bank Is Developing a Blockchain-Based Payment Network Due in 2020

Mitsubishi UFJ Financial Group, Inc. (MUFG) is on the most prominent financial institutions in Japan, moreover, it is the world’s fifth largest bank in the world. Located in Tokyo, MUFG has branches in 50 countries all over the globe and over 150 thousand employees.

The financial group provides services in the various fields like leasing, asset management, commercial banking, credit cards, securities and others. It also constantly collaborates with the largest banking establishments in America, Europe and Asia.

MUFG and blockchain

Following the example of its competitors and partners, Mitsubishi UFJ Financial Group decided to involve innovative technologies in order to upgrade and advance its payment systems.

According to the official press release of the bank, it is partnering up with the Massachusetts-based company Akamai Technologies, which is a leading provider of content delivery and site accelerating services.

MUFG and Akamai Technologies, Inc. (“Akamai”) announced today that they have agreed to strengthen their strategic alliance towards the full-scale launch of a new payment network business and establishment of a joint venture, Global Open Network, Inc.,” is mentioned in the press release.

The main purpose of the collaboration, the development of a blockchain network for payments, is planned to be launched in 2020.

As stated by the bank representatives, they want to experiment with “diverse payment schemes” which will allow to expand their range of services.

We remind you that another global financial establishment, Abu Dhabi Commercial Bank, is also working on implementing cutting-edge technologies and launched a financial management app.

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Report: Blockchain Investments Cannot Overcome Fintech Funding

European blockchain companies set a record in 2018, however, they are unable to overcome funding that comes to financial technology companies.

Blockchain boom in 2018

At the end of 2017, the rate of Bitcoin skyrocketed to incredible price of $19,000. As the first cryptocurrency began gaining popularity, people started to wonder about the technology that stayed behind. After that people understood that blockchain can be used not only in crypto, but also in other spheres of life.

Some companies began to create their own blockchain and implement it into financial sector, political sector, etc. For example, Western Union supports cryptocurrency and blockchain, and it seeks the ways of their implementation; LG Uplus released a blockchain cross-border payment system.

After the cryptocurrency prices collapsed, the blockchain technology remains to be quite popular topic on different IT conferences and summits.

Blockchain investments cannot overcome fintech funding

According to Innovate Finance’s ‘2018 FinTech VC Investment Landscape‘ report, blockchain and cryptocurrency industry in Europe has witnessed a series of significant deals, but notably just four deals amounted to over $300 million. These deals include such projects, as Paxos (Bankchain), Dfinity, SEBA Crypto, Bitfury. They raised from $65 million to $103 million in different periods of the year.

Analysis shows that fintech companies are much more popular among investors than blockchain. European challenger banks Revolut and N26 alone raised $461 million across 7 deals. They closely followed by personal finance and wealth management ($333.61 million), and alternative lending and finance ($306.64 million) industries.

Fintech’s big picture

If we take the investments of all financial companies all over the world, we will see that they raised $36.6 billion from venture capital investors.

The leader in fintech investments is China, Chinese company Ant Financial set a record for  both fintech and venture capital, raising $14 billion. In overall, China led with $18.9 billion invested across 90 deals.

Next place is taken by the United States; it has raised $10.6 billion across 1,042 deals. The United Kingdom followed on in third place with $1.7 billion invested across 261 deals.

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SEC is Looking for Partners to Collect Blockchain Data

The U.S. Securities and Exchange Commission (SEC) have published an announcement that they are in search of companies that are involved in analyzing blockchain data.

According to official information, the SEC is looking for both large and small companies. As part of the cooperation, the regulator expects companies to provide data on the “most widely used” blockchain registers based on the volume of transactions in order to “monitor risk and improve compliance” associated with cryptocurrencies.

In addition, the companies will have to provide the Commission with information on how this data is extracted, transformed and verified.

Those who would like to cooperate with the SEC should send an application by e-mail with a brief description of their activities until February 14.

We want to remind you:

Does Blockchain Bring a Threat to the US National Security?

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CryptoKitties Is Trying to Attract Users by Partnering with Gods Unchained

A once revolutionary development, undoubtedly, the cutest game on blockchain ever, CryptoKitties is not doing quite well, as the hype around it went down a bit. As we can see from the chart, the app cannot boast of a bunch of active users per day.

Source: DappRadar

Thus, it is quite obvious that the developers of CryptoKitties are taking measures to fix the situation. They decided to cooperate with Gods Unchained, a card game, also developed on the Ethereum blockchain. The joint project is supposed to boost up the popularity of both games.

According to the press release on the Medium account of Fuel Games, the developers of Gods Unchained:

For the next two weeks only, players who own a CryptoKitty will be able to purchase a limited edition card pack (Codename: “The Cat in the Pack”), which will grant the player a unique and tradable talisman that represents their Kitty as a statue in Gods Unchained, in addition to a rare Genesis pack.”

Correspondingly, three Kitties are going to be themed after the characters of Gods Unchained.

We remind you:

Will the Developers of CryptoKitties Release a New App Soon?

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The Blockchain Browser Brave Partners Up with Cheddar to Make a Unique Offer to Its Users

The blockchain-based browser Brave is collaborating with the news portal Cheddar and unlocking the content on the side that is normally available only to the premium account subscribers.

The offer is limited in time (starting today, January 29, and ending in three months) and meant only for the users who try to access Cheddar using the browser Brave.

Cheddar viewers are obsessed with crypto; we even have a show dedicated to it – The Crypto Craze. The idea of unlocking our premium feeds for Brave users via crypto funding, with no sign-up, seemed like a natural way to engage a passionate community,” the CEO of Cheddar mentioned.

Brave was launched back in 2015 by a co-founder of another famous browser Mozilla and a JavaScript developer Brendan Eich. It has over 5 million active users every day.

The browser is actively engaging in multiple collaborations in order to research the blockchain technology and how it may improve user experience.

Recently, it partnered up with a blockchain startup Civic and used it verification technology to check the authorship of content and make sure the real creators are paid for their work.

We remind you:

Opera Has Become the First Browser to Implement a Cryptocurrency Wallet

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