How Much Does a Blockchain Developer Really Make?

Blockchain Developer Salary, How Much Does One Really Make?

Blockgeeks.
11/19/18 5:54 PM 2019-07-18 03:20:20
Blockchain Developer Salary We are currently living through the early years of the "blockchain era." The demand for blockchain developers and engineers keeps on increasing without pause. The numbers

Blockchain Developer Salary

We are currently living through the early years of the “blockchain era.” The demand for blockchain developers and engineers keeps on increasing without pause. The numbers don’t lie and they are truly staggering. According to research done by management consulting firm, Janco Associates, the median salary for a blockchain developer is now as much as $127,000. Experienced developers can command as much as a staggering $172,000. In the future, as the demand rises, these numbers are going to rise as well.

jobs is at an all-time high. But that may not be enough to convince you to plot a new career path here. For this, let’s explore some more reasons as to why you should opt for a blockchain job. (The content idea and graphs for this section has been taken from Angel.co.)

#1 Better Pay

Since this is such a young field and the talent available is pretty limited, the salaries offered throughout both technical and non-technical fields are 10-20% higher than the salaries offered in a normal job.

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Plus, it is also worth noting that the profit sharing models in crypto jobs are way better and the incentives a lot higher.

How Much Does a Blockchain Developer Really Make?

#2 Remote Flexibility

Remote jobs are on the rise and more and more people are quickly shunning the concept of an “office” and opting for location flexibility. This is another area where crypto companies outdo their legacy peers.

Plus, remember that crypto companies are far more likely to give you the “work from home” option and require you to come to work only on specific days.

How Much Does a Blockchain Developer Really Make?

#3 Employee Liquidity

This is a perk which is limited to token companies. Usually, at a startup, employees receive equity and have to wait for a liquidity event to sell shares and get Fiat currency. This may itself be a very complex process and in many scenarios, grants given by companies are very restrictive which blocks secondary transactions.

In blockchain companies, employees usually get tokens which acts as an equity-like compensation. These tokens, unlike shares, are inherently liquid, even though some of them may still have restrictions on them.

So, now that you know why you should look for a career in the blockchain space, let’s see exactly what you can do.

Rise Of Blockchain Developer Jobs

The demand for blockchain developers is at an all-time high. According to one of the biggest job portals in the world, Upwork, blockchain development/engineering is the second most demanded skill in the market after robotics specialists and it is only going to grow higher.

Blockchain Developer Salary, How Much Does One Really Make?

No, that’s not mere speculation, really think about it.

As the blockchain technology becomes more and more in-demand among the various business and finance industries the number of companies which deal with these issues will grow as well. Plus let’s not forget that legacy financial institution like Banks, Visa, etc. are also growing by leaps and bounds as well.

These companies are all looking for developers and architects who will give them an edge over their competitors. According to Toptal, a marketplace for on-demand tech talent,  the demand for blockchain engineers has grown 700% from January 2017 to January 2018.

How Much Does a Blockchain Developer Really Make?

What Blockchain Developer Skills Are In Demand

There are three skills that companies are on the lookout for in their blockchain developers:

However, since this space is so new and experienced blockchain developers are extremely hard to find, companies are looking into getting software developers with some desired skill sets. For this reason, developers must have at least some experience with working in open source projects, with work experience in GitHub being a good starting point. They should at least have immense knowledge in C/C++ as the majority of the projects are written on it. Along with it, a knowledge of Java, Python is also preferred.

This fact is corroborated by recruitment firm Opus, who said that the potential blockchain developers should feel comfortable working with multiple programming languages at the same time and have some understanding of cryptography. Along with C++, they should be comfortable with Bitcoin and Ethereum. Plus, they should be comfortable with JavaScript and Python as well.

Seamus Cushley of PwC noted that a potential blockchain engineer “should have a strong technical background and be curious about new technologies, flexible, and willing to learn more about the blockchain.” They should also have a basic knowledge of mathematics and algorithms. In fact, many of the big companies require a diploma in mathematics or computer science in order to be employed in American companies.

You can check out our guide on JavaScript and Solidity to get started.

Blockchain Developer Salary and CV

Let’s take a look at the kind of money you can make as a blockchain developer. You will easily be making the highest salary in the space and depending on where they are working, they may get staggering levels of salary. E.g.in Silicon Valley, US, a blockchain developer can get an annual wage of $158k. When you compare that with the fact that a senior hardware developer in NVidia gets an annual salary of $135k, it is pretty impressive.

However, that’s not the end of it.

In Switzerland, blockchain developers get paid 120k-180k USD annually but in a stark contrast, developers in Great Britain get paid 50-90k annually.

But that’s for salaried folks. What about freelance developers? According to

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