The Demand for US Blockchain Specialists Has Grown by 700%

The demand for developers with the knowledge of blockchain technology in the labor market has increased by 35 times since last January. In this area there are 14 vacant places for one specialist, reports TechCrunch with reference to the study of the American site for the search of IT specialists Toptal.

The market of vacancies for blockchain specialists is considered to be the second one if it comes to development. Having researched the vacancies  for the last month, Toptal analysts came to the conclusion that 40% of employers’ requests for IT workers contain requirements for skills related to blockchain technology. This is basically the knowledge of the ICO, consulting technical projects and understanding commercial blockchain.

“Disruption will be in places like asset management, or deals being made that require complex contracting. Payments are so complex, and to work at scale, require the sign-off of not just central banks, but also governments. Payments won’t come first. Contracts don’t need such a sign-off, since they are a lower barrier to entry. There are less regulatory hurdles, so we will see the contract space get disrupted first”. – such predictions about the future of the market have been made by Taso Du Val, the founder and CEO of Toptal.

The founder of the Ethereum network, Vitalik Buterin, believes that the main developers and researchers should be working in several companies or organizations at the same time to participate in scientific research, discussions and monitor changes in this field.

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New Trend: Why Companies Replacing the Term “Blockchain” to “DLT”

Due to harmful hype to innovative chain of transaction blocks, some companies use “DLT” instead of “Blockchain”, which stands for Distributed Ledger Technology.

The term replacing begins with that some organisations, in their advertising and informational campaigns, decided to change the word “Blockchain” to “DLT”. Such a move connected with the hype about the blockchain technology. Therefore the companies, in order to take some of the negative from them,went on that kind of cunning. In this regard, an independent analytical company Forrester Research has made their own investigation.

Company analytics point out, that “Blockchain” is a trend-word of crypto industry, which many crypto projects abused. The word is used even when the technology isn’t used in the product. The usage of “Blockchain” for the hype invalidate the technology itself.  Since, the blockchain in general is associated with cryptocurrency, when the company which are not related to the world of cryptocurrency, decided to go away from the naming technology and started to use the word “DLT” , in order not to associate their activity with the digital money.

Meanwhile, the word “Blockchain” overtakes the word “Cryptocurrency” by frequency of requests in the world search, according to the Google Trends.

Source:Google Trends

We want to remind you:

The Number of Searches for “Bitcoin” in Google Has Skyrocketed

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Vinny Lingham is Clear About Bitcoin: “I don’t think we see $20k for a while”

Significant part of crypto community, still cannot recover from the fall of the cryptocurrency, the rate of which is still in a red zone. According to the CoinMarketCap, Bitcoin, at the moment of writing the article, is set on at $3 747 per coin and still falling.

But some representatives of crypto community have their own view about the situation on the market and predict their own price of Bitcoin.

Vinny Lingham, an Internet entrepreneur, Co-founder and CEO of Civic, has answered to a few question of The Coin Shark, to clarify the situation on the market:

Hello, Vinny. What do you think, will Bitcoin be able to overcome the $20 thousand mark next year?

I took a $20k bet with Ronnie Moas in Vegas, last month. He predicted $28k by EOY 2019. I disagreed. I don’t think we see $20k for a while, at the very least 2020, but possibly even 2021.

In your opinion, what is the problem with cryptocurrency at the moment?

There is too much hype, and not enough substance, as well as too much focus on the technology and not enough focus on the business or consumer value add.

Can Ethereum become the leader in 2019?

It is possible, but unlikely unless they can fix the scaling issues and deal with the lack of consensus within their community.

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Seven EU Member States United To Adopt Blockchain In Their Countries

Several European countries, namely France, Spain, Portugal, Italy, Cyprus, Greece and Malta, signed an agreement to promote and boost blockchain adoption in their regions. They argue the blockchain technology is able to strengthen their economics, as well as increase well-being of the population.

The declaration, signed on December 4, also anticipates collaboration on development of the technology, so that countries listed above become leading regions in this sector.

“We believe that Distributed Ledger Technologies could be one of the instruments that can help our countries [the Southern European Union countries] transform their economies and society into truly digital ones and become a leading region in this sector.”

From their point of view, blockchain may be used in different spheres, such as certifying product origin, education, transport, mobility, shipping, land registry, customs, company registry, and healthcare.

Malta’s parliamentary secretary for digital economy, Silvio Schembri, was extremely excited by this news, tweeting that he is “proud” to see Malta being a “leading role” on blockchain cooperation.

We remind you:

A New Blockchain Association To Be Launched By The European Commission

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How to Explain to Your Grandparents in 10 Minutes What is Bitcoin?

The older generation often perceive innovations as something supernatural and incredulous refer about them. But, what should you do, if you need to explain to your grandparents what is bitcoin, despite the fact they are afraid of picking up a mobile phone? 🙂
Of course we exaggerate! But since, the cryptocurrency little by little captures the world finance market, bursting into the life of those, who aren’t interested in it – your grandparents should be prepared.

For this The Coin Shark had developed a strategy, which will help you to explain what is Bitcoin in 10 minutes. During the experiment, none of the grandparents didn’t refuse to descend the legacy to their grandchildren 🙂

Stage #1: “Bitcoin – is like a paper money, but not made of paper”

Remember, never try to explain to older generation about the innovations on the developers slang. We recommend you to draw an analogy with the things which are more understandable for them.

It is better to compare Bitcoin with the ordinary money. Explain them, that it has the same value as the paper money, in which they receive the allowance. You can also buy goods and pay for services by using Bitcoin.

Do not forget to specify that the cryptocurrency are not made of paper, but encrypted by computer code. The ordinary money which we receive we can touch but the digital – not. Because they are stored on the computer, while the ordinary money in the wallet.

As far back as you can go that cryptocurrency is based on cryptographic methods, its management is decentralized and it works on the blockchain technology – your grandparents may think that you are possessed by a demon. All this stuff are clear only to our crypto space.

Stage #2: “Miners – are gold miners”

After the first stage is complete, it is logically that your grandparents will ask you – “how to get them?”

The old and proven method of the analogy also works here. We all know that we earn Bitcoin by mining. We associate it with a gold mining. And we clarify that while mining the cryptocurrency hoes,picks are not used, but a computer.

If you see understanding in the eyes of your beloved grandparents, than you can add, that Bitcoin can be bought on the internet. Specify, where and how is not necessary.

Stage #3: “Spend Bitcoin in the specialized store”

Before telling to your grandparents, where they can buy products by bitcoin, they need to know, that it has its own rate as well as the dollar. Except the rate depends on demand. Prepare sedative, because once they know the price for one BTC they will be very surprised. Only we are complaining here, that “Bitcoin is dying” , and it will be shock for them, that only one coin can cost 4 thousand dollars. I guess you realise that you should keep silence about the rate of 20 thousand dollars.

Now you can tell them : “Since Bitcoin – is unusual money, they are spent only in the special stores”.
Good job, the grandparents are ready! Now they can tell to their friends about Bitcoin. And if they are not afraid of computer, and they were interested in your story, than in the “For Beginners” section, they may find more about the cryptocurrency #1.   

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How Much ETH is Stored on Vitalik Buterin’s Wallet?

Everyone who knows about the existence of digital money, wants to “fill” their wallet with them. Not surprisingly,  that usual cryptocurrency holders are interested in how many coins are stored on the famous crypto sharks wallets.

In the cryptocurrency world there are many opinion leaders. However, by right, Satoshi Nakamoto and Vitalik Buterin are considered as the most influential. Since, we don’t know anything about the first one (moreover, there is an assumption that, this is a group of developers), the second one is open for the crypto world. That is why The Coin Shark will share a secret with you, namely, we will tell you how many personal ETH Vitalik Buterin had.

Who’s Vitalik Buterin?

Briefly, he is “the father” of Ethereum. But it will be too boring, and will not reveal Vitalik, as a whale,on which the crypto industry is holding.

Vitalik Buterin – is a person, whose name the attention of the whole crypto industry is focused on. His innovations set trends, his words turn into genius saying. Hi is often cited in the well-known publications, and based on his “brainchild” blockchain many projects are launched and operate.

If it still not enough for you, then our Crypto Story will tell more about Vitalik Buterin in an interesting and unusual format:

Crypto Story: Vitalik Buterin

The quantity of Buterin’s personal ETH

After a harsh critic by an american economist Nouriel Roubini, famous for his negative attitude towards cryptocurrency, Buterin said, that he never owned more than 0,9% from the total issued ETH. So far, more than 100 million ETH have been released, according to TheNextWeb.

It seems, Vitalik indeed have nothing to hide. On Twitter, he posted a link to his crypto wallet.

At the time of writing, 355 ETH are stored on Buterin’s wallet. According to the current rate – $114.82, the programmer’s capital is $40,761.

That is, according to the income of 24-year-old programmer, at least according to his personal ETH,cannot be called a billionaire. However, the Fortune still considers Buterin, as one of the most influential young businessman.

Vitalik Buterin and Pavel Durov Entered the Rating of the Most Influential Young Entrepreneurs According to Fortune

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A University in Switzerland Granted an Honorary Doctorate Degree to Vitalik Buterin

The founder of Ethereum has been included in the list of people who would receive a Doctor’s degree in the University of Basel in Switzerland. Buterin was chosen for his outstanding achievements in the research of the blockchain technology and development of the digital asset industry.

Buterin was awarded the degree by the Department of Business and Economics of the university. He commented on this by saying:

I’m honored to have received an honorary doctorate from the University of Basel, the oldest University of Switzerland. Switzerland is well known for its innovative blockchain research.”

We remind you:

Top 10 Genius Quotations of Vitalik Buterin About Hype around Cryptocurrency

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