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Will Bitcoin Reach All-Time High of $100K in 2021?

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Will Bitcoin Reach All-Time High of $100K in 2021

Are you a Crypto enthusiast? Wondering whether BTC will beat all records and reach $100k this year or not? Well, you have landed on the right page. This article talks about the history of Bitcoin, from where it all started, reasons that accelerated its price, and finally analyzing whether BTC could really hit $100K

Table of Contents 

  • From Where It All Started: The Rise of Bitcoin
  • Reasons That Accelerated Bitcoin’s Price
  • Could Bitcoin really hit $100K?
  • Concluding Lines 

From Where It All Started: The Rise of Bitcoin

Bitcoin, the first-ever example of decentralized digital currency, came into existence in 2009 under the pseudonym of Satoshi Nakamoto. Initially, in January 2009, the Bitcoin network was introduced with the release of the first open-source bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever. The first price rise happened in July 2010, when the value of a single bitcoin rose to $0.08, and the next year in 2011, its price rose from $1 in April. After two years, in January 2013, it was seen that BitPay exceeded 10,000 transactions, and in November 2017, the price surged to $10k. Since its introduction, Bitcoin(BTC) has seen significant ups and downs. In 2018, Bitcoin saw the most critical crash to $3,200, but next year in 2019, its price stayed above US $3,190. After its lowest drop in this year, in mid-June, the price rose to the US $10,000, and again in December 2019, the same price fell to the US $7,112.73.  

However, the end of 2020 and the first quarter of 2021 indicates a remarkable rise in Bitcoin’s price. In December 2020, BTC touched $10K. In January 2021, Bitcoin price rose to $40K, and on 16 February, the price further surged to $50,000, recording an all-time high. And finally, on 13 March 2021, it was announced that the price of Bitcoin rose to $60,065, and hours later, the price crossed $61,000 to set a new all-time high of $61,556.59. 

Looking for the best cryptocurrency certification courses? Get started today with Blockchain Council. 

Reasons That Accelerated Bitcoin’s Price

As Bitcoin has surpassed all records of the past and has unexpectedly crossed USD 60,000, it brings a question to everybody’s mind as to why BTC exploded. Here are some of the reasons for the accelerated BTC’s price. 

Global COVID-19 Pandemic 

Most people looked at bitcoin as a way to protect themselves from the looming economic downturn brought about by the spread of global coronavirus. Institutional investors such as Microstrategy, Tesla, Square Corp, and many others shifted their cash holdings to BTC, claiming that it was a good store of value against inflation.

Consider as ‘Digital Gold’

Although Microsoft founder Bill Gates has warned investors against risky cryptocurrency, and United States Treasury Secretary Janet Yellen mentioned it as inefficient for actually carrying out transactions and is extremely speculative, cryptocurrency enthusiasts are considering BTC for investment purposes and as a payment system. Bitcoin is drawing a worldwide audience, and few consider it as ‘digital gold,’ considering the fact that it has many of the same properties as gold and acts as a globally recognized store of wealth.

Bringing Better Trust

In the beginning, Bitcoin was surrounded by various questions, such as is it secured? Can it be hacked? Is decentralization a truly workable solution? Will halving destroy the system and so on. And finally, after a decade, BTC has proved that it is secured, non-hackable, and built on a reliable technology(Blockchain) that does not break in any sense. 

The emergence of Financial Institutions

As Bitcoin is now being associated with more institutional investors and with giant financial institutions like Paypal, Visa, JP Morgan, etc., more retail investors are interested in purchasing Bitcoin now more than ever. 

Highest Liquidity

Apart from the reasons mentioned above, another crucial reason for its upsurging is that it has the highest liquidity in the crypto space. The higher the liquidity ratio, the easier it is to sell a cryptocurrency at market price.

Could Bitcoin really hit $100K?

As Bitcoin shows no sign of slowing down, everyone is wondering whether BTC will achieve $100k in 2021 or not? Prediction is tough, especially if it’s about the future. But after looking at the features of the past data, we can get some idea about what the feature would look like. Bitcoin has moved closer to $100,000 than it is to $0. The latest advances in the field of Bitcoin are evidence that it is on its way to becoming a mainstream asset class. Blockchain Experts and analysts believe that if this trend continues, it wouldn’t be a surprise that BTC might hit $100k by the end of 2021.

Concluding Lines 

From the above discussion, it is clear that the Bitcoin era has begun and it will continue to make a revolution in the years to come. 

If you are planning to invest in Bitcoin, it is crucial that you know trading strategies very well and performs your own research before making any investment decisions. 

If you want to get started as a Certified Cryptocurrency Trader, get enrolled in Blockchain Council now!

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.

Will Bitcoin Reach All-Time High of $100K in 2021?

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Enterprise meets DeFi: Organizations work toward adopting blockchain tech

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Decentralized finance is quickly maturing. While the total value locked in DeFi is over $45 billion, financial institutions and large corporations are starting to implement DeFi concepts to automate business processes. This is known as “enterprise DeFi.”

For instance, invoices and other financial products can be tokenized to ensure that transactions are valid and should be processed for payment across multiple parties. Coke One North America is one of the first large corporations to demonstrate this.

CONA is leveraging the Baseline Protocol — a project that coordinates confidential workflows between enterprises using messaging, zero-knowledge cryptography and blockchain — to tokenize invoices. CONA aims to “baseline” its entire supply chain by giving internal bottlers and external suppliers access to a private, distributed integration network.

Through use cases like CONA, such solutions are quickly gaining traction. There are also a number of vendors entering this infrastructure market including Provide, an enterprise middleware provider, and Big Four firm Ernst & Young. Most recently, ConsenSys — one of the leading blockchain software companies — announced plans to use Baseline Protocol as a solution for its enterprise clients, further demonstrating the importance of enterprise DeFi adoption.

How ConsenSys plans to drive enterprise DeFi

Specifically, ConsenSys Codefi — ConsenSys’ fintech suite that connects financial use cases to blockchain counterparts — will soon offer a baseline-compliant solution for its enterprise clients.

Didier Le Floch, institutional products and engineering lead at ConsenSys Codefi, told Cointelegraph that while the Baseline Protocol was developed by EY, ConsenSys and Microsoft, Codefi has been taking steps to ensure that its products will eventually be fully compatible with it:

“We want to enable the use of digital assets and the financing of those assets for payment use cases. These use cases will generate maximum business value, combining automation of business processes and payments using things like stablecoins, for example.”

In order to achieve this, Floch explained that the Codefi tech stack will be combined with the Baseline Protocol to deliver an effortless user experience for cases such as financing supply chains. Floch remarked that this is a first step in the right direction, as Codefi strongly believes that the enterprise sector will soon converge with the DeFi market: “There will be ebbs and flows, and it will be a journey with various steps, but we’ve already seen the promise of this convergence in the DeFi market.”

To his point, MakerDAO — the protocol behind the stablecoin Dai — announced support in June 2020 to use non-crypto-native assets, such as invoices and music streaming royalties, as collateral for its Dai stablecoin. Maker also voted to support a protocol from blockchain startup Centrifuge to bring real-world assets on its platform. Known as “Centrifuge Chain,” this is built on Parity’s blockchain development framework, Substrate.

Asset originators can use the Centrifuge Chain to mint nonfungible tokens of real-world assets, converting them to ERC-721 tokens. These assets can then be added to Tinlake, which is Centrifuge’s Ethereum-based DeFi protocol for decentralized asset financing.

A Centrifuge spokesperson told Cointelegraph that the company is currently working with MakerDAO to bring New Silver, an online real-estate lender, on to the Maker platform as an asset originator. As such, NewSilver would be the first asset originator using Tinlake to get to the MakerDAO executive vote, ultimately allowing asset originators to generate Dai as a credit facility.

DeFi protocol Aave also introduced a diversified money market to support real-world assets back in October 2020. According to the Aave blog post, this money market would make it easy for the Aave community to onboard real-world assets into the protocol, allowing investors to lend against assets, such as invoices, real estate and inventory finance. “Right now, it’s at a small scale, but there are DeFi lending protocols already taking steps to incorporate real-world assets into their protocols,” said Floch.

Breaking down barriers hampering adoption

Many enterprise DeFi concepts are still in early development, as a number of barriers exist. For instance, there are concerns regarding publicly available sources to determine the price of collateralized assets. Furthermore, many DeFi protocols venturing into the enterprise space only allow solutions for borrowing in crypto, which may be unappealing to mainstream organizations. Moreover, paying transaction fees in cryptocurrency may also be problematic for enterprises that typically deal in fiat payments.

Floch explained that Codefi’s use of Baseline Protocol is intended to address these concerns. For example, he noted that there will be an “Infura ITX” integration that will enable corporations to pay gas fees in dollars rather than Ether (ETH) when using the Baseline Protocol. Since the platform leverages the Ethereum network as its mainnet of choice, or as a common frame of reference for complex workflows, this integration will ensure a better user experience overall.

In addition, Floch mentioned that ConsenSys’ open-source zero-knowledge proof library, known as “gnark,” will be leveraged to ensure enterprise data remains private, yet verifiable.

While notable, Codefi’s implementation of the Baseline Protocol isn’t the only solution intended to solve the challenges related to enterprise DeFi adoption.

For example, EY has been heavily involved in the blockchain space, specifically in terms of enterprise DeFi development. Paul Brody, global blockchain lead at EY, told Cointelegraph that the firm has been working on DeFi enabling solutions since 2016, with the goal of making the inputs and outputs of enterprise business processes tokenized and then transactable:

“This means purchase orders, invoices, receivables, inventory — everything in traditional business-to-business processes should be ready to integrate into a DeFi ecosystem.”

Of course, Brody is aware of the challenges regarding this vision, noting that the first element to be tackled is achieving an acceptable level of privacy for enterprise users. Once this is accomplished, Brody explained that necessary standards need to be established where bodies, such as the Enterprise Ethereum Association, can be key partners in the pursuit of these goals.

Brody further mentioned that as an industry auditor, EY will not be offering financial services involving DeFi. Rather, the firm is devoted to ensuring that enterprise clients will be able to plug their business operations into existing DeFi solutions. For example, Brody explained that EY’s Network Procurement solution is designed to manage purchase orders and fulfillment, which would allow enterprises to exchange tokens for purchase orders, contracts, invoices and inventory transfers. “As soon as we see standards we can leverage, we hope that our enterprise users will be able to take advantage of these markets,” said Brody.

Institutions show interest in DeFi?

In addition to a growing number of enterprise DeFi solutions in development, there is now interest in DeFi from large organizations and financial institutions. This was recently demonstrated by the leading digital currency asset manager, Grayscale. On Feb. 26, 2021, the firm announced consideration to offer investors access to DeFi assets, including Aave, Compound’s COMP, MakerDAO’s MKR, Reserve Rights (RSR), SushiSwap’s SUSHI, Synthetix Network Token (SNX), Uniswap’s UNI and Yearn.finance’s YFI.

Although this is separate from enterprises using DeFi protocols to find real-world assets, Floch noted that this demonstrates more institutional players are ready to invest in prominent DeFi protocols:

“For institutional customers of Grayscale to start investing in those tokens is definitely a sign that they’re getting more comfortable with Defi, while understanding the value of those protocols (asset management, collateralized lending and trading automated in smart contracts).”

Enterprise meets DeFi: Organizations work toward adopting blockchain tech

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Demand Gap for Blockchain Talent Requires Top Rated Education

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Demand-Gap-for-Blockchain-Talent-Requires-Top-Rated-Education

If you are a Blockchain enthusiast, you must be aware about its talent scarcity. In this article, we will explore what are the top-rated educational ways that can help in bridging the gap for Blockchain talent. So let’s get started.

Table of Contents 

  • The Growing Shortage of Blockchain Talent 
  • Blockchain Job Market is Booming 
  • Role of Education in Bridging the Gap
  • Conclusion: Career Building Opportunities with Blockchain Council

The Growing Shortage of Blockchain Talent 

Technology that was once considered to be overhyped is now recognized as a promising innovative technology. Since its introduction into the mainstream with other emerging technologies such as AI, IoT, and others, Blockchain developers and technocrats have found it revolutionary. Although the technology is maturing at a rapid rate, the growing shortage of blockchain professionals is a well-documented concern all around the world.

At present, there has been an unparalleled demand for blockchain developers. Major tech giants, including Google, Microsoft, IBM, and other well-known enterprises and even startups, have started leveraging Blockchain technology, but they are struggling to find sufficient talent. 

Blockchain Job Market is Booming 

The salaries of Blockchain professionals are going off the charts. This is because of the fact that demand is highly outweighing the supply. Currently, Blockchain talents are in demand in the BFSI sector and almost in all sectors of the economy, including government institutions, federal agencies, healthcare, manufacturing, automobile, art and music supply chain, gaming, and much more.

Due to continuous efforts by Blockchain developers and experts, today, Blockchain is a matured technology that offers futuristic career opportunities to all enthusiasts. Compared to other IT professionals such as Machine Learning Experts, AI Developers, Data Scientists, Blockchain Professionals salaries stand out exceptionally well. 

According to job recruitment firm Hired.com, the average blockchain developer salary ranges from $150,000 to $175,000 per year in the US’s hi-tech regions, such as Silicon Valley whereas, Glassdoor reports that the average base salary of a blockchain developer in the US is $91,715/yr. 

Role of Education in Bridging the Gap

Initially, the market for blockchain talent was hampered by a lack of knowledge of the technology and limited resources accessible to professionals. However, this aspect has changed over the last couple of years. Companies that were struggling to find adequate talent have started their own educational programs. In order to cope up with the talent scarcity, online programs, university courses, and workshops are popping up at an exciting rate.

Let’s explore some of the best educational ways.

  • Truffle Suite and Hyperledger Fabric Document 

To educate learners about Blockchain technologies, there are online platforms such as Truffle suite and Hyperledger Fabric. Truffle Suite is an open-source framework that provides an in-depth, in-depth understanding of blockchain platforms, libraries, tools, etc. Similarly, Hyperledger Fabric Documentation offers online documentation that provides numerous tutorials at beginner’s level, covering architecture reference, operational guide, and much more, enabling learners to learn and progress.

  • Blockchain Council Certifications 

Backed by the extensive practical-based sessions, Blockchain Council offers Online training and certifications to aspiring students to render the desired competence to have a successful career in the Blockchain/crypto domain. It imparts most in-demand Blockchain certifications in various Blockchain technologies, including Bitcoin, Ethereum, Hyperledger, Quorum, and Corda. 

  •  In-house and Self-Paced Blockchain Training

Companies are currently looking to integrate blockchain-focused solutions, and for this, they are providing in-house training to build up the skill sets required for their organization. Such training helps employees address specific business needs and provide Blockchain-focused solutions for business growth. 

  • Self-paced training sessions have also started getting public attention because they are convenient, cost-effective, allow better focus, and of course, enhance the learning experience. There are many organizations that are offering Blockchain self-paced training to help the learner understand all the ins and outs of blockchain technology, including smart contract, Blockchain mining, its security and privacy, use-cases across various domains, and much more. 

To explore more about self-paced Blockchain training, checkout Blockchain Council. 

  • Blockchain-Based Communities and Webinars 

For a great initial experience, Blockchain communities and webinars can prove to be beneficial. These can help in providing effective platforms for communication and can even open vast opportunities for earning money. Apart from these, such platforms can facilitate communal support and engagement. For instance, the Blockchain Council Community is delivering education all around the world. Similarly, Cointelegraph, Blockchain News can keep you updated about the Blockchain and Crypto domain. 

Conclusion: Career Building Opportunities with Blockchain Council

As Blockchain is maturing, there’s an extensive professional network to help you become a successful Blockchain Professional. Enrolling in Blockchain Council, a globally recognized online platform, can help you gain in-depth knowledge of functional and technical aspects of Blockchain technology. Blockchain Council Certifications will not only prove to be your competitive advantage; instead, it will help you gain confidence in the quick hire. 

Blockchain Council has proved to be successful in creating a successful future for millions of people all around the world. If you want to give your career a head start, this is a one-stop solution.

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Demand Gap for Blockchain Talent Requires Top Rated Education

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Major Cloud Service Providers Showing Increased Interest in Joining Blockchain Networks

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Major-Cloud-Service-Providers-Showing-Increased-Interest-in-Joining-Blockchain-Networks

The advent of Blockchain has taken the world by storm. At present major cloud providers are considering adopting Blockchain for bringing trust and better collaboration among stakeholders. In this article, we will talk about how Blockchain is revolutionizing the globe and why cloud service providers are showing increasing interest in this technology.

Table of Contents

  • Blockchain: The Invisible Technology Revolutionizing the World
  • Leading Cloud Service providers Joining Blockchain Networks
  • Conclusion: DLT+Cloud Technology= Digital Transformation

Blockchain: The Invisible Technology Revolutionizing the Word

Blockchain is a revolutionary technology that is changing the complete landscape of the finance industry. It’s not an in-your-face innovation you can see and touch; rather, it is an innovation that enables you to trust what happens online.

As technology is becoming more mature, this decentralized distributed ledger technology is shifting from emerging tech into a useful business tool. Due to its high potential to offer transparency and immutability, tech giants and enterprises are showing an increased interest in joining blockchain networks. For bringing trust and better collaboration to multiple entities sharing sensitive business data, top companies have started considering Blockchain as a crucial business tool for digitization. Major cloud service providers such as Google, IBM, Microsoft are also showing increased interest. 

Want to gain an in-depth understanding of Blockchain Technology? Looking for the best Blockchain Certifications? Check out Blockchain Council now!

Leading Cloud Service Providers Joining Blockchain Networks

We noticed that Blockchain is more than a technology now. Let’s explore how top cloud providers are joining blockchain networks and getting advantage of it. 

  • Google Cloud

In Feb 2020, Google Cloud joined Hedera Hashgraph’s governing council. Hedera Hashgraph CEO Mance Harmon mentioned that it would be running its network node on the Google Cloud Platform to ensure the distributed nature of the network. The collaboration of Google with Hedera’s Hashgraph’s governing council indicates that Google appreciates the distributed model. 

According to the recent announcement, Google Cloud has joined the EOS blockchain community to become a network block producer. Google Cloud developer and advocate, Allen Day, mentioned that his company had started the process to become a block producer and noted that Google is interested in distributed ledger technologies like Blockchain. 

In his words, 

“We are seeing active enterprise participation in these sorts of networks, and believe Google Cloud can reduce the friction for companies to run their own Google Cloud-hosted nodes on the network. 

Apart from this, Google cloud claims to offer cloud infrastructure to Block. one as well, that will help them to host their own development efforts.

  • Amazon Web Services

In the month of August, it was announced that China’s first government-backed blockchain initiative had launched an official international website. In order to provide Cloud’s support, it was seen that Google and AWS were listed as top cloud service providers for China’s Blockchain-Based Service Network. The major reason for providing such Cloud services was the idea and vision of BSN. 

  • Microsoft 

What-is-Microsoft-Azure-cloud-servicesIn addition to supporting Cloud services for distributed ledger technology, tech giant Microsoft announced that it is integrating Lition blockchain(which is a commercial blockchain) into its Azure cloud marketplace. Integrating Litecoin with Azure will enable Microsoft Azure’s enterprise clients to develop, test, and deploy Litecoin side chains in just a few seconds. The report mentioned that Microsoft became the first to bring Blockchain to the Cloud, and the company continues to remain at the cutting edge of blockchain adoption.

Conclusion: DLT+Cloud Technology= Digital Transformation

Allen Day, a developer advocate at Google Cloud, believes that distributed ledger technologies like Blockchain play a crucial role in enabling digital transformations. By engaging in blockchain networks, Google Cloud is ramping up its own security operations. Allen Day clarified that Google Cloud would leverage enhanced EOS security protocols and build security to provide in-depth defense across progressive layers. 

Kevin Rose, Sr. Vice President of public blockchain engagement at Block.one also expressed his views about the integration of Blockchain in cloud services. He mentioned that Google Cloud with EOS would profit both the parties and will bring new business models to drive the digital economy. 

Alistair Rennie, general manager of IBM Blockchain, stated that on integration, Blockchain addresses the missing element of trust and transparency (between the participating parties)that cloud technology solely is unable to provide. He considers Blockchain as an innovative technology to enable a greater level of trust and seamless collaboration among numerous stakeholders.

If you want to gain in-depth knowledge about Blockchain Technology, check out Blockchain Council. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Major Cloud Service Providers Showing Increased Interest in Joining Blockchain Networks

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Myths About Cryptocurrencies That You Should Know About

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Are you one of those who find cryptocurrencies confusing? In this article, we will clarify commonly judged misconceptions about Cryptocurrency. So let’s get started.

Table of Contents

  • Overview 
  • Myths About Cryptocurrency 
  • The Verdict 

Overview 

The advent of cryptocurrencies has taken the world by storm. Despite its popularity, people do not have a solid understanding of how cryptocurrencies work, and they find them confusing. Let’s start from the basics and understand what cryptocurrencies are. Cryptocurrency is a virtual currency, or we can define it as a medium of exchange that employs cryptographic protocols to ensure the safety and authenticity of transactions. Such virtual money works on the concept of the underlying technology, Blockchain, that is not regulated by any authority, and this is the reason why cryptocurrencies and their transactions are completely secured. But sadly, the concept of Cryptocurrency is still in its infancy and is generally misunderstood, contributing to the circulation of several misconceptions surrounding it.

Want to know more about cryptocurrencies and become a Certified Cryptocurrency Expert? Wait no more. Get enrolled in Blockchain Council today! 

Myths About Cryptocurrency 

Now, without further delaying, let’s explore the misconceptions surrounding cryptocurrencies.  

1. Bitcoin is the only crypto asset that matters. 

We all know that Bitcoin is the first-ever Cryptocurrency because of which it is the most widespread cryptocurrency people own. The reason why it is still the most likable Cryptocurrency is due to the reason that it has the highest liquidity in the crypto space.domain and the higher the liquidity ratio, the easier it is to sell a cryptocurrency at market price. But believing that it is the only crypto asset that matters would be a mistake. 

Although the market capitalization of Bitcoin tops the list, other cryptocurrencies have also started gaining public attention. According to the recent reports, Ethereum’s economy hits new milestones in transfer value and market cap. 

2. Cryptocurrency is an illegal form of digital money and used for criminal activities.

This is one of the biggest myths that cryptocurrencies hold. Although crypto-assets can be used for several purchases such as food and clothing, it is a belief that people use Cryptocurrency generally to make illegal purchases. The wider range of people believe that it is easier to buy illegal objects with Cryptocurrency than other payment systems. Undoubtedly it is true that crypto assets were previously used in some illicit activities, but the assumption that they are mainly used for such criminal purposes is entirely wrong. It is used considerably less commonly for illicit activity as compared to major currencies such as the US Dollar.

3. Cryptocurrencies are easily hackable 

Another misconception surrounding digital assets, such as cryptocurrencies, is that they are easy to hack. Although crypto-related exchanges have proven vulnerable to hackers in the past, to state they can be hacked easily is entirely false. These are difficult to hack because of its underlying technology, Blockchain, which ensures that hacks are unlikely. Crypto transactions are secured as transactions are stored in blocks of encrypted data. 

4. Crypto exchanges are not taxable

Crypto-based exchanges are assumed to be tax-free, but this is not true. Such exchanges need to register and pay tax on their earnings. As there are no central authorities or banks involved with crypto transactions, but that does not mean they are not taxable. There is plenty of confusion regarding certain aspects of how cryptocurrencies are supposed to be taxed. Cryptocurrencies are in the eyes of the IRS, and it has a new tax form out for all crypto traders. Last year, the IRS sent letters in order to amend or pay fines on unreported crypto profits to around 10,000 taxpayers that were connected somehow with crypto assets.

5. Assumptions that Cryptocurrencies will be banned 

The majority of the people fear investing and trading with Cryptocurrency because they believe that cryptocurrencies are unregulated and will be banned in the near future. But it is also important to consider that many countries, including U.S., India, and others, have taken a positive step towards cryptocurrencies. Instead of leaning more towards crypto restriction, countries are keen on learning regulations, which indicates that Cryptocurrencies are here to stay. 

The Verdict 

From the above discussion, you must have gained a clear understanding of the myths and why they are unreal. While few still hesitate and do not accept Cryptocurrency as payment, they are various popular retailers such as Microsoft, Overstock, KFC Canada, and others that accept cryptocurrencies for their respective purposes. Apart from the points that we have mentioned, keep in mind there are several other myths that exist too. 

If you want to understand all the ins and outs of Cryptocurrency and become a Certified Cryptocurrency Expert/Trader, Blockchain Council, a globally recognized online organization, can help you learn the fundamental and technical aspects of cryptocurrencies. 

 To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.

Myths About Cryptocurrencies That You Should Know About

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Blockchain Career Path with Salaries- A Complete Guide

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Wondering how to start your career in the Blockchain space? Is it worth becoming a Blockchain Engineer? How much salary do they earn? This article will help you in answering all your questions. 

Table of Contents 

  • What is Blockchain?
  • The Growing Demands for Blockchain Specialists
  • Best Blockchain Career Options and How Much They Earn
  • Conclusion: Start Your Journey with Blockchain Council 

What is Blockchain?

Blockchain is a P2P, distributed ledger which ensures the decentralized nature of the technology and works without involving third-party/central authority. As technology is booming, it has started attracting public attention. Many of the industries, including finance, supply chain, gaming, healthcare, and others, have started adopting blockchain solutions to secure their place in the changing times. Organizations and enterprises are implementing this technology to stay ahead of their competitors. 

Despite the decline in cryptocurrency prices and the flattening of Blockchain’s hype period, the job paths in the blockchain domain appeared to be advantageous.

Want to become a Certified Blockchain Expert? Get started today with the Blockchain Council!

The Growing Demands for Blockchain Specialists

Today, Blockchain is one of the fastest-developing skill sets, with jobs in this domain growing at a breathtaking rate and Blockchain professionals’ salaries being higher than IT professionals. 

The first and foremost reason for the growing demand of blockchain talents is due to the limited talent pool despite the fact that there are tremendous high-paying employment opportunities. Tech giants, including Microsoft, Facebook, Amazon, and others, have launched new teams to work on research into blockchain space. The demand for such professionals is not only restricted to the BFSI sector (Banking, financial services, and insurance), but also by supply chain, healthcare, gaming, real-estate, including government institutions and federal agencies. 

Best Blockchain Career Options and How Much They Earn

If you want to take your career in the blockchain space, it is crucial to understand the various career options. When it comes to the technical side, there are highly valuable positions open for the blockchain industry, which includes positions such as blockchain developer and blockchain architect. Let’s understand these professions in detail.

Who is a Blockchain Developer

A Blockchain Developer is one who understands Blockchain technology profoundly and can build Blockchain-based applications for businesses. He/she specialize in creating and implementing technical solutions for organizations with Blockchain Technology. 

A proficient blockchain developer holds a strong knowledge of bitcoin-like blockchains, including other types of blockchain technologies like Ethereum, Hyperledger, Corda, etc. and responsible for Blockchain evaluation and smart contract development. He develops interactive front-end designs for dApps(decentralized apps) and supervises the entire stack running their dApps.

According to job recruitment firm Hired.com, the average blockchain developer salary ranges from $150,000 to $175,000 per year. Glassdoor reports that the average base salary of a blockchain developer is $ 91,715/yr. 

Who is a Blockchain Architect 

A Blockchain architect offers end-to-end solutions to its customers using Blockchain technology and helps develop an overall blockchain ecosystem engagement strategy. 

An architect progressively makes critical decisions in terms of implementation, operations, and maintenance that define a specific direction for a system and act as a technical liaison between customers, service engineering teams, and support.

According to Glassdoor, the average blockchain architect salary ranges from $146,258 to $157,987. Neuvoo reports that entry-level positions start at $18,525 per year, while most experienced workers make up to $31,493 per year.

If you’re interested in working in the blockchain/crypto space, you should gain knowledge in programming languages related to open blockchain protocols such as Ethereum and learn solidity, a smart contract language. Moreover, if you want to work for financial firms, you should know how to create private blockchains. This is because the majority of financial firms rely on private blockchains, which are governed by a single entity. 

Want to become a Certified Blockchain Architect? Get started today!

Conclusion: Start Your Journey with Blockchain Council 

So if you want to become a successful blockchain developer/blockchain architect, then it’s a pretty golden time for you because opportunities are thriving.

Blockchain Council, a globally renowned online training and certification organization in blockchain space, is believed to be a one-stop solution for aspiring trainees to render the desired competence to have a successful career in this domain. It offers most in-demand certifications, especially in the cryptocurrency and blockchain domain. Such training and certifications focus on making the concepts accessible to those who have little prior knowledge of blockchain technology. 

To get instant updates about blockchain certifications and become a blockchain expert, check out Blockchain Council.

Blockchain Career Path with Salaries- A Complete Guide

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