Wednesday, June 29, 2022

How To Work With Blockchain

What Is A Blockchain Community Manager

How does a blockchain work – Simply Explained

Community managers are entry-level crypto jobs, but being a good community manager can actually be quite demanding. Since many blockchain startups are built by grassroots movements, building and nurturing a community is integral to a companys success. Community managers are at the first point of contact for fans, token holders, and potential buyers. A good manager builds a relationship with the community by picking the right moderators for Discord and Telegram, organizing events, listening to and engaging with the community, and connecting to the rest of the team. Depending on the role, a community manager can also manage social media accounts and publish content there.

Skills requiredPatience, good communication skills, creativity if content needs to be created , being a people person despite only interacting with people in messages. Experience in forum moderation or similar is highly useful, if not mandatory. You also need to be in tune with the latest crypto trends and developments because the community will.

How much can you makeCommunity managers can make between $40K and $100K .

For Those Who Are Completely New To Programming And Development

If youre someone who wants to become a Blockchain developer but has no related skills or experience to build a foundation on, then frankly, the road is going to be a little tougher for you and will require more work and dedication.

Fortunately, there is hope! Here are some steps that anyone coming from such a place, but yet is interested in a Blockchain developer career can take.

Cryptocurrencies: The Beginning Of Blockchain’s Technological Rise

Blockchains most well-known use is in cryptocurrencies. Cryptocurrencies are digital currencies , like Bitcoin, Ethereum or Litecoin, that can be used to buy goods and services. Just like a digital form of cash, crypto can be used to buy everything from your lunch to your next home. Unlike cash, crypto uses blockchain to act as both a public ledger and an enhanced cryptographic security system, so online transactions are always recorded and secured.

Also Check: How To Transfer Crypto From Coinbase To Coinbase Pro

What Is A Blockchain Marketer

Blockchain marketers are generally senior positions that sit atop the community and social media managers, writers, and business development managers. They combine skills and requirements from these three positions and drive the development and execution of marketing strategies, form partnerships with other projects, organize and host events, and manage the entry-level positions doing the grunt work.

Skills requiredYou need marketing experience, specifically crypto marketing experience. While there is overlap between traditional online marketing and crypto marketing, the blockchain space relies heavily on social media and community building in channels like Telegram and Discord. Good crypto marketers know how to design and execute campaigns and are aware of subtle differences between projects.

How much can you makeMarketers can make between $50K and $150K a year, depending on their level of experience.

Breaking Down A Transaction Step By Step

Blockchain Explained: The Complete Guide [2018 Update

Before we dive into the details of a transaction, lets start by introducing the characters making the process happen.

First, we have the users thats people like you and me, who are wanting to use the mechanics of the blockchain to make a transaction. But in a system that has no central structure, who makes that happen?

This is where miners come in. We know that blockchain is a trustless system one that allows individuals to know their transaction will be honoured correctly without a central body overseeing it. Miners make this possible by verifiying incoming transction blocks batches of requested transactions that are waiting to be confirmed. Doing so correctly means a reward for the miner/miners, which is the incentive that keeps the system running. Ever wondered why we pay gas fees? Heres your answer: they compensate for the energy used in the process of mining transactions, and go toward the block reward for miners.

And finally, we have the nodes. Anyone can be a node even you or me. Nodes keep the whole system safe and secure by validating the transaction blocks sent by the miners before they are added to the blockchain. They do so by checking the incoming information with the blockchains transaction history, to ensure everything matches. The network nodes scattered across the planet then collectively reach a consensus that new transactions are valid, before adding them to the blockchain.

The process of a transaction can be broken down into six steps:

Also Check: Where Do You Get Bitcoin

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Working As A Junior Level Developer/engineer

Your primary responsibilities as a junior level developer will likely revolve around supportive duties or groundwork tasks like debugging or fixing mobile apps, developing blockchain proof of concepts as well as designing distributed ledgers based on specific platforms. Junior level developers may also be tasked with creating blockchain database APIs.

Other possible duties may include developing pilot solutions for ledger technologies and implementing software solutions for different platforms. Smaller companies may assign the UI design and front-end development of web and mobile applications to junior engineers. Being able to quickly adapt to change as well as having strong problem-solving skills will go a long way in boosting your career.

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How Blockchain Could Change The World

For many people, if the term blockchain means anything at all, its probably associated with the digital currency bitcoin. While bitcoin has gotten lots of press for its mysterious founder and wild swings in valuation, its the blockchain infrastructure behind it thats poised to be a truly transformative innovation. In fact, blockchain has the potential to reshape some of the foundational structures of our economy and society.

Path To Get A Job In Blockchain

How does Blockchain work? Simply Explained

Getting a job in the blockchain is not an easy task. If you have to work and practice a lot of skills to become a professional. However, with proper guidelines, you can learn to get a job in blockchain sector. Here is a list of the skills you will need to master in order to take the first steps towards your career.

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Blockchain Careers Are Not Only For Developers

Crypto and blockchain jobs are now expanding beyond software development. While they still make up most of the job postings, Indeed has found that non-IT-related jobs have risen more in the last year. Roughly speaking, one out of every two people working in the crypto and blockchain sector works in IT, and the rest are marketers, salespeople, finance, accounting, HR, and operations. So, pretty much like in every other industry.

One thing, however, is different, and that is remote work culture.

How You Can Build A Career In Blockchain

Hint: It won’t involve a college degree.

Entrepreneur

In the past 18 months, blockchain has leaped onto the world stage and presented itself as the next-generation solution for many of the tech sector’s most pressing problems. It’s received influential endorsements from government leaders, industry titans and ambitious entrepreneurs in an unprecedented acknowledgment of the technology‘s prowess.

Related: The Cryptocurrency Job Market Is Exploding

To be sure, they aren’t wrong. Blockchain, which was first developed to account for the popular cryptocurrency, Bitcoin, is now one of the most dynamic technologies today. As The New York Times wrote back in January, “The Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain.”

All of this enthusiasm has created a surging demand for blockchain-related jobs. According to Upwork, a global freelance exchange, blockchain-related skills were the most in-demand on its platform in the first quarter of 2018. Moreover, TechCrunch reports that “Blockchain-related jobs are the second-fastest growing in today’s labor market there are now 14 job openings for every one blockchain developer.”

Of course, blockchain technology is a new job sector without a tried and true path to success. Kids haven’t grown up hearing about the technology while fostering ambitions to work on this novel tech. Therefore, the road to a career in blockchain is as new and innovative as the technology itself.

Also Check: Should I Day Trade Crypto

The Best Resources To Learn About Crypto

The irony of the crypto/Web3 space is that its all about decentralization but would actually benefit from a centralized and easy-to-understand resource for newcomers. A couple of excellent beginner resources are:

3Blue1Brown Bitcoin explainer One of the most popular Bitcoin explainer videos .

99Bitcoins YouTube Channel A comprehensive resource to learn about the basics of Bitcoin and beyond.

Finematics YouTube Channel Excellent visual explainer videos about decentralized finance .

Bankless DAO Ultimate Guide Detailed practical guides to using and learning about cryptocurrency.

Big Companies Are Investing In Blockchain

Q& A  Blockchain and Public Policy

Big companies like Amazon, Google, Starbucks, Walmart, and Facebook are all taking Blockchain very seriously.

Google’s Big Query service supports Ethereum smart contract analytics. This platform allows you to analyze Ethereum transactions you can look at smart contracts and others.

Amazon has their managed Blockchain service on AWS. On June 1st, 2020 Amazon announced they are looking for a patent in Blockchain for a supply chain.

Facebook also has its libra Blockchain, though they are facing some hurdles with the regulatory bodies, they are working hard to launch their own cryptocurrency.

Walmart also has its distributed letter technology, which they are also working on it’s undergoing research with the supply chain.

I have personally been to presentations where Starbucks showed a proof of concept for supply chain solutions within their business.

All these big companies are taking Blockchain seriously. They can’t afford to ignore blockchain!

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What Does A Blockchain Developer Do

The wise yet short answer to this is: a Blockchain developer develops Blockchains! Well, that was easy!

Now that we got that out of our system lets take a serious look at what a Blockchain developer does. To best answer this question, we first need to establish that there are two different types of Blockchain developers theres the Core Blockchain Developer and the Blockchain Software Developer. Call them sub-divisions of Blockchain development.

A Core Blockchain Developer designs the security and the architecture of the proposed Blockchain system. In essence, the Core Blockchain Developer creates the foundation upon which others will then build upon.

What others are we referring to? That would be the Blockchain Software Developers, of course, who use the core web architecture built by the Developer to create apps, specifically the decentralized and web varieties.

Perhaps there may be situations where the same person fulfills both roles, most likely in cases where the business is small, and people traditionally wear more than one hat. Whatever the case, the everyday responsibilities and roles of the Blockchain developer are:

  • Design the Blockchain protocols
  • Design the network architecture that can be used for the centralizing or decentralizing the data
  • Backend development according to the Blockchain protocols
  • Developing front-end designs according to client requirements
  • Developing and monitoring any smart contracts

How Does One Become A Blockchain Developer

So, after all of that, the questions present itself: with all of these responsibilities, how does one train someone with the necessary skills to let them rise to the challenge of Blockchain development? There are two different situations at work here. There are the Blockchain hopefuls who are starting completely from scratch, having no background in programming whatsoever, and those who have experience in careers that share similarities with Blockchain.

FREE Course: Blockchain Developer

Read Also: How Do I Pay For Something With Bitcoin

How Does Blockchain Work

Blockchain technology is an innovation ride on three major concepts. Public-key cryptography, peer-to-peer networks and distributed consensus all of which rely on an indiscriminate mathematical challenge. All these concepts arent entirely new as they have been around for quite some time. However, its the combination of all these concepts that is giving birth to the computing breakthrough.

Once a blockchain receives a new transaction request or an existing transaction edit, all the data blocks within it will execute algorithms to establish the authenticity and history of the individual proposed transaction. Once the data blocks establish that the signature is valid, the ledger accepts the proposed transactions creating a new data block creating a new chain of transactions.

On the other hand, if a majority of the data blocks dont grant the addition or modification, the ledger entry is denied. Its this distributed blockchain architecture that allows blockchain to run an endless list of distributed ledgers without the need of a unifying authority that determines what transactions will go through and those that arent valid.

Simplifying Business To Business

Blockchain in 3 Minutes | What is Blockchain | How Blockchain Works – Simply Explained | Edureka

Most businesses use different systems, so it is hard for them to share a database with another business. That’s why it can make it very difficult for them. So, the answer is blockchain technology!

As a blockchain can act as a single shared database for both businesses to work from, sharing data is much easier for them on a blockchain system.

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The Ultimate Guide On How To Get A Job In Crypto

Blockchain careers are booming. Since Bitcoin started rallying at the end of 2020, interest in blockchain jobs and careers has increased significantly. Since Talent Protocol helps talent onboard into Web3, we wanted to provide a killer resource on how to get a job in crypto. A lot of people have asked for this, so heres the guide that will cover everything about getting a job in crypto:

  • 2021 crypto job market trends: the five main trends
  • Why people quit their jobs to work in crypto: data and first-hand experience
  • What are cryptocurrency jobs: a breakdown of all crypto jobs, skills required and estimated salaries
  • How to get a job in crypto: hard skills, soft skills, and the recruitment process
  • Where to find crypto jobs: networking, job boards, and more
  • What are the best crypto companies to work for
  • The best resources to learn about crypto

A preface before we start: this article uses working in crypto or blockchain or Web3 interchangeably. The difference is just semantics.

Whats The Difference Between A Private Blockchain And A Public Blockchain

A public blockchain, also known as an open or permissionless blockchain, is one where anybody can join the network freely and establish a node. Because of its open nature, these blockchains must be secured with cryptography and a consensus system like proof of work .

A private or permissioned blockchain, on the other hand, requires each node to be approved before joining. Because nodes are considered to be trusted, the layers of security do not need to be as robust.

Recommended Reading: How To Buy Sell And Trade Cryptocurrency

How Your Wallet Works

Your Wallet & Its Master Seed

When you create your Blockchain Wallet, a unique master seed is created. This master seed is the nucleus of your specific wallet, and is used to derive every individual bitcoin address that youll use to send and request bitcoin.

Client Side Encryption Means Only You Have Access to Your Wallet

We do not store your bitcoins, we only provide you with the software you need to store them yourself. Your wallet is encrypted on your device with your personal password. Your password acts as your decryption key to both lock and unlock your wallet your wallet cannot be accessed without it. Because we dont know or store your password , only you are able to unlock and decrypt your wallet.

Weve Got Your Back

Your encrypted wallet is automatically backed up to our servers. To safely store your wallet, we add another layer of security by encrypting your wallet a second time. Securely storing your wallet on our servers ensures that you can access your wallet from any of your different devices.

When you access your wallet with your Wallet ID and password, your browser uses our API to download your encrypted wallet backup, before safely decrypting it on your device.

Want To Learn More About The Blockchain

Blockchain: a game

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This class teaches you the fundamentals of crypto, how to navigate blockchain, and more. You dont have to know anything about the space to join but by the end of the course, youll be on your way to becoming an expert.

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Read Also: How Do I Mine Cryptocurrency

How To Become A Blockchain Engineer

A lucrative career has good pay, future security, and growth opportunities. A career in blockchain engineering qualifies as lucrative and a promising career in the current job market. As blockchain technology is making its prominence felt across multiple industries, it has become increasingly important to have a talented workforce in this space to justify its true impact.

The various exploits of blockchain technology are still relatively new and given its vast scope, it will be an ongoing exploration. In such a scenario, it can be overwhelming to find the path to success for those who have taken a fascination for this technology. Blockchain is often mistaken solely as the technology behind cryptocurrency. While the opinion is partially correct, blockchain does enable cryptocurrencies such as Bitcoin but the applications are not limited to that. The applications can be far-reaching and used in various industries that need to secure their digital assets and data to improve their overall value offering. Finance, banking, healthcare, and now even real estate is harnessing the power of blockchain in some unique way.

Job Boards Meetups And Other Tactics

Tactics and strategies are honestly the last thing to consider when seeking new opportunities. Yes, you want to hone your resume, your online profile, and hit up networking events and job boards, but it is far more important to focus on your bases: Your passion, your skills, and your value.

That being said, tactics move the needle if you have these bases covered, so its important to know the best strategies.

By and large, personal connections and referrals are the best way to land a job. The saying your network is your net worth is more than a platitude, as around 85% of jobs are filled via networking. In fact, most jobs arent even listed. For what its worth, my personal experience reflects this, as of the dozen-plus jobs I had, almost none came from a job application.

If you dont already have a strong personal brand, including an and personal site, these are good foundations to cover. Further, regularly creating content and connecting with high-level people in the space will help you to get noticed.

After that, attend events in your area. In my experience, Meetup is globally the most common platform, so head there and search for blockchain-related events.

Networking in-person is really not complicated, and the goal is fundamentally the same as online networking: Add value.

These should all be on-going tasks. Consistently improve your LinkedIn, your personal site, your content creation, your value-giving, and everything else to stay top of mind.

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