Blockchain technology is a distributed database that stores tamper-proof encrypted data. It has the potential to revolutionize many industries by reducing the need for trust between strangers, and it is attracting a great deal of attention from businesses and developers alike.
In this blog post, JobsPikr, will give an introduction to blockchain development and discuss some of its potential benefits. We will also provide a few blockchain developer skills to help you get started your career with blockchain development.
What is Blockchain?
Blockchain is a technology for peer-to-peer (P2P) sharing and recording of transactions. It is the underlying technology behind cryptocurrencies such as Bitcoin and Ethereum, which were some of the first blockchains ever developed. Nowadays it has also been used in many other different fields such as health care.
The most important part of blockchain technology is that all transactions are stored in a decentralized database. Because it is not stored centrally, there is no single entity that can manipulate the data within a blockchain system.
The important principles behind Blockchain are transparency and immutability. So once a transaction has been made, everyone knows about it – which makes manipulation impossible. Because of this, blockchain can be used to store value in a distributed network for almost no financial cost. At the same time, it adds trust within the system.
The greatest asset of Blockchain is its resilience and adaptability. The fact that it can be used to transfer value within a decentralized system makes it highly useful in the current economic situation. Therefore, blockchain technology is seen as the biggest technological revolution since the creation of the internet.
Benefits of Blockchain Technology
There are many benefits to blockchain technology, one of which is decentralization. Blockchain is a decentralized system that minimizes the threat of hacking.
Blockchain technology is immutability, which means once data has been written onto the blockchain, it cannot be changed or removed. This prevents corrupt companies from altering records to avoid transparency.
Another benefit is blockchain technology’s more secure, transparent, and auditable nature. Also, data on a blockchain can be made accessible to anyone with a network address. This provides transparency in the business process while ensuring that transactions are traceable and tampered with.
Top Blockchain Developer Skills
Blockchain has made it possible for people to transfer money and valuable items directly with each other without the need for a third party. Blockchain developers are also able to easily sell their digital creations online using the platform. However, there are certain skills that one needs to possess before embarking on this journey.
As observed by JobsPikr, the best job data supplier, here are the top 10 blockchain developer skills that one should know before delving into the field of blockchain development:
This is one of the most common programming languages that are used in developing blockchain applications. It helps developers to write programs for different purposes without needing to know all about the underlying cryptographic protocol. It means it can be learned very quickly by developers who don’t want to go through all the complicated cryptography processes before getting started.
- Open Zeppelin
This is an open-source framework for developing secure smart contracts on the Ethereum blockchain easily. It’s completely free to use and there’s no additional charge involved in using this framework.
This is a blockchain platform developed by R3 consortium consisting of over 200 firms including big names like JP Morgan, Goldman Sachs, etc. It allows developers to write and deploy smart contracts on the blockchain easily.
- Hyperledger Fabric
This is an enterprise-level blockchain platform that is used by big corporations like IBM to develop blockchain apps securely. It allows developers to use four different languages including Java for writing smart contract applications.
Blockchain revolves around Bitcoin and therefore a basic knowledge of Bitcoin is a must for a blockchain developer. This will help them understand the key concepts of cryptocurrency easily.
Understanding cryptography is mandatory for developing blockchain apps because all the blockchain data that you store on the distributed ledger is highly encrypted and needs to be decrypted before using it in any application.
- Solidity Testing Tools
If you’re a blockchain developer, it’s recommended that you must use solidity testing tools before deploying smart contracts online. In case of any loopholes in the code, users get to know about it beforehand and thus get a chance to avoid business losses.
This is a development environment that allows developers to develop, compile, deploy and manage applications on different networks including Ethereum. It uses Solidity programming language to write smart contracts that are then compiled into bytecode to be put onto the blockchain network.
Blockchain is one of the fastest-growing industries in the world. However, with that growth comes a need for talented developers to keep up with demand. The blockchain industry will continue to grow at an accelerated pace over the next decade and skilled programmers are needed more than ever before.
This is why it’s important now more than ever to invest time into acquiring these blockchain developer skills if you want to be able to compete in this fast-paced environment. Let us know how we can help!