Blockchain Developers
Overview
Introduction
Blockchain is a shared, distributed ledger database that maintains a continuously-growing list of records that cannot be changed without the agreement of all parties who have access to the database (i.e., no central authority or third-party mediator, such as a bank, is involved in verifying the transaction). Each digital transaction is called a block in the chain of records, hence the blockchain moniker. Each chain is encrypted, in part, with data from the previous block to create the encryption. Both private (permissioned) and public (permi...
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Web 3 Jobs reported that, on average, blockchain developers earned $145,000 annually in August 2024. Salaries ranged from $70,000 to $261,000 or more. Payscale.com provided similar findings, estimating that software developers with blockchain experience earned an average of $159,098 annually in June 2024, with salaries ranging between $61,000 and $204,000.
Software developers earned sala...
Work Environment
Blockchain developers work in comfortable business environments that feature cutting-edge information technology. They spend much of their day working at a computer, but they also meet with colleagues, managers, and clients to discuss the status of existing projects or to plan new blockchain development assignments. Developers typically work a standard 9-to-5, Monday through Friday workweek, al...
Outlook
Demand is extremely strong for those who have expertise in blockchain technology. "The global shortage of Blockchain developers has created a huge opportunity for IT professionals and developers to transition into the Web3 technologies space," the Blockchain Council explained in 2024. "As more companies and organizations adopt Blockchain and decentralized solutions, the demand for skilled devel...