Introduction to Blockchain Developer Salary

BlockChain Developer Salary in India. In the present world, most organizations realize the benefits of Blockchain Development. As the need for Blockchain technology rises daily, so does the Blockchain Developer. And blockchain technology has the potential to be used across many different industries and domains.

An average salary of a Blockchain Developer in India is 6.6 Lakhs per year (₹55.0k per month). Salary estimates are based on 384 salaries from various Blockchain Developers across industries.

Many startups use Blockchain Technology in different ways. This has created numerous vacancies for blockchain developers and this has lead to the rise in the BlockChain Developer Salary.

What is BlockChain?

A blockchain is a distributed ledger that record transactions and track assets within a business network. Blockchain technology enables a centralized peer-to-peer network for organizations and applications. Blockchain technology can be a secure platform in different industries to store sensitive data.

Transactions are assembled in blocks and recorded in a chain of blocks. The links between the blocks and their content are protected by cryptography, so the previous transactions can’t be destroyed. The ledger and transaction networks are trusted without any central authority.

The importance of blockchain technology has grabbed the attention of various organizations from different sectors. Blockchain technology has resulted in numerous vacancies of new job positions and startups, from mobile payment solutions to healthcare applications.

The Blockchain’s ability to record, store and move any asset with great ease, automation, and decentralized manner has increased the interest of startups and the financial services industry, which visualize possible uses and applications in multiple areas.

What is Blockchain Development?

Building, designing, and maintaining Blockchain applications and systems are called Blockchain Development. In general, it refers to using particular features of Blockchain technologies to solve problems. 

Blockchain development is a process to create shared, unchangeable, distributed ledger technology (DLT) by which tracking of assets and transaction recording can be done securely, whether that was a physical asset, like money, or a nonphysical asset, like copyrights within a network.

Who is a Blockchain Developer?

Blockchain software developers build applications on existing blockchain platforms. They handle front-end and back-end development, design, and maintenance.

A good Blockchain developer must be comfortable with programming languages. For example, C++, SQL, JavaScript, and Python.

The role of the Blockchain developer is to create innovative solutions to complex problems, such as solutions for command and control and high integrity. In addition, the developer does complex analysis, design, development, testing, and computer software debugging for specific product hardware or company technical service lines. Software design, operating architecture integration, and computer system selection are all tasks performed by developers. Finally, they work with a variety of systems and use a variety of platforms and computer languages.

How to Become a Blockchain Developer?

First, you must be familiar with programming languages to become a Blockchain Developer. Second, you must have solid mathematical skills. It is also helpful if you have experience in finance and Economics. Earning a relevant degree or certificate is also a key to a successful career in Blockchain Technology.

If you want to pursue your career in Blockchain Technology, you have to start with coding in some programming languages used in Blockchain Technology. Generally, there is no particular requirement to pursue your career in Blockchain Technology. But if you are familiar with technical aspects and have basic knowledge about the decentralized system, it will be easy for you to work on this technology. The most crucial Blockchain technology languages are Solidity, C++, Rust, JavaScript, Clarity, Go, and Python. 

Types of Blockchain Developers

Blockchain Developers play different roles according to the need for blockchain technology. Sometimes these roles can vary in terms of the task performed by developers. There are two main types of Blockchain Developer that are:

1 Core Blockchain Developer

A core blockchain developer is responsible for designing and developing the blockchain architecture. They interact with Blockchain at the primary level.

2 Blockchain Software Developer

They interact with the Blockchain at a high level. They use the algorithms developed by the core blockchain developer and include them in their applications to develop decentralized applications that run on the Blockchain.

Blockchain Developer Salary By their Experience and skills

Experience and skills are the essential factors that affect the blockchain developer’s salary the most. According to the ambition box, blockchain developer salary varies according to the person’s experience.

Years of Experience	Salary Per Annum
0-1	2 Lacs to 4 Lacs
2-4	4 Lacs to 6 Lacs
4-6	6 Lacs to 8 Lacs
6-8	10 Lacs to 15 Lacs
Above 8	15 Lacs to 22 Lacs

Blockchain Developer Salary Based on different Countries

The blockchain developer’s salary can vary according to the city or country. The well-developed countries where the supply of blockchain developers exceeds the demand for blockchain developers.

Country	Average BlockChain Developer Salary
Canada	116809 $
United Kingdom	78000 $
India	6100 $
Australia	134174 $
Europe	75283 $

Blockchain Developer Salary in India

The blockchain developer salary in India is based on locations. The blockchain developer salary in India varies according to the city you opt to work in, below mentioned are the salaries and the cities.

Cities	Salary (approx.) per year
Bangalore	6 Lacs
Mumbai	7 Lacs
Delhi	6 Lacs
Hyderabad	5 Lacs
Pune	8.5 Lacs
Chennai	7.5

Factors that affect the Blockchain Developer Salary

Numerous factors affect the Blockchain Developer Salary. Role, position, experience, and job location are most important in these factors. In the present world, the use of blockchain technology increased by 500%. So the salary also increased by 50% to 100%.

According to the position, a blockchain developer can be a Junior, Intermediate, or senior. So, according to their job, they get a salary. As per the location in metro cities, salaries will be higher compared to the underdeveloped city.   

Skills Required to Become a Blockchain Developer

1. Blockchain Architecture:

The blockchain architecture consists of different components like peer network, smart contract, events, membership, ledger, system integration, wallet, and system management.

2. Cryptography:

In a blockchain, there are two main concepts: cryptography and hashing. Cryptography is a method of protecting data from unauthorized access. In the Blockchain, cryptography secures transactions between two nodes in a blockchain network. 

3. Data Structures:

A data structure enables you to access, modify, add and search the data within it. Some of the most common data structures include arrays, linked lists, and hash tables.

4. Smart Contracts:

Smart contracts are programs that store on a blockchain. These run when predetermined conditions are met. They are certainly used to automate the implementation of an agreement so that all members can quickly determine the outcome without any mediator’s involvement or time loss.

5. Web Development:

Web development is a customer-oriented process where everything is  planned and designed for the customer, and the solution arrives. Cloud Service providers help you with all the backend support to establish the 

blockchain applications to carry out your business activities in a secured and scalable infrastructure. Blockchain technology is now more of a web development activity as it supports most apps and websites. Remix IDE, Geth, Truffle, etc., are some frameworks for building Ethereum-based apps.

6. Programming Languages:

Solidity is the commonly used language for writing and arrange smart contracts on the Ethereum chain. It’s a statistically typed, curly-braces programming language with standard features you might recognize from other languages.

Blockchain Developer’s Roles and Responsibilities

The roles and responsibilities of a blockchain developer will be depend on the individual’s conditions, but they can include the following:

Roles and Responsibilities:

• Researching, Analyzing, and Designing Blockchain networks, consensus protocols, and decentralized applications.
• Security planning and compliance across the blockchain network and applying cryptographic mechanisms such as hash functions and digital signatures.
• Researching and Evaluating new tools and technologies and integrating them into a blockchain network.
• Developing, Testing, Monitoring, and Maintaining a blockchain network with a focus on performance, distributed computing, consensus protocols, cryptography, and other security measures.
• Developing, testing, monitoring, and maintaining decentralized applications, smart contracts, backend systems, client-side applications, and any other components that make up the application stack.
• Documenting development processes.

Conclusion

Blockchain Developer is one of the most common and in-demand careers in blockchain technology. The average salary for a trained professional with experience is about 80 lakhs per annum. Many industries hire blockchain developers to find the best solutions and process new technologies using their expertise.

Leading Industries, including software companies, financial institutions, and government organizations, are still seeking blockchain developers. There are some abilities you need to excel in this industry. Blockchain Developers earn an annual salary of $92,863 on average. Click to know more about Blockchain Technology.

Frequently Asked Question’s

1. Is blockchain a high-paying job?

Blockchain Technology is in high demand nowadays. So is the blockchain Developer. Blockchain Developer salary is very high according to the other developer jobs. A blockchain developer salary is about 80 lakhs per annum with some years of experience, and the starting average salary is about 7 lacs per annum.

So as the demand is high, a blockchain developer’s salary is also high. Blockchain is the highest paying job as the blockchain has become an integral part of almost every industry, and demand increases daily for workers in blockchain technology. 

2. Is blockchain programming difficult?

Blockchain programming is easier than anyone thought. It is like normal programming, but you must know programming languages like C, C++, JAVA, Python, NodeJS, and Go. Blockchain developer salary is high because of its high demand in the market. Due to its complexity, blockchain can seem difficult to learn.

However, with the right prerequisite skills, you can master this technology and start an exciting new career. Blockchain developer salary is higher than any other developer’s job.

3. Is blockchain developer in demand?

Blockchain technology will help students gain the right skills to explore a career in blockchain technology. Blockchain Developer salary is high because they are highly skilled and knowledgeable that’s why their demand increases day by day in almost all organizations.

The role of a blockchain developer is full of responsibilities and duties than any other developer jobs. Blockchain developer salary is decided according to the role and responsibilities. 

4. Is blockchain developer a good career?

Yes, blockchain developer is an excellent career as it is the most in-demand career. Blockchain developer salaries are very attractive. Blockchain developer salary is very high compared to other developer professions.

Because of its high demand the blockchain is a very good career to pursue.

5. Is it easy to get a job in blockchain?

It will depend on what you want to do by learning blockchain Technology. It will take a lot of time and effort if you’re looking to make a career in it. However, if you only want to get a basic knowledge of the technology, it’s relatively easy. It requires lots of practice and experience before becoming good at it.

There are lots of online resources to learn blockchain development. You can find many online courses that can help you to master this technology. So if you get a master in Blockchain then it will be easy for you to get a job in this field. Blockchain developer salary is according to their job role. The blockchain developer salary justifies the responsibilities of the job role. 

6. Should I learn blockchain or python?

You can begin your professional lives in blockchain technology with computer science or information technology degrees. Once you have a solid understanding of software, learning blockchain programming is relatively easy. Blockchain development is technically easier to understand than you would have believed; however, some people might find it simple to understand, while others might find it very challenging.

Once you have a background in web programming using languages like C, C++, Java, Python, NodeJS, and Go, the skill becomes simpler. The language used by Ethereum is known as Solidity. To become a blockchain developer you must have programming knowledge. Blockchain developer salary is high as it is a difficult job to do. Blockchain developer salaries justify their working abilities.

7. Can you become a blockchain developer in 3 months?

Blockchain developer salary is decided by its duties because it requires so much knowledge and skills. Learning blockchain development can be difficult in 3 months, as it requires a solid understanding of appropriate ledger technology and cryptography.

However, there are many resources available online that can help you understand the basic concepts of blockchain development. Once you have a basic knowledge of how blockchain works, you can start developing your blockchain applications. Blockchain developer salary is decided by your experience and working skills.

8. Does blockchain require coding?

Blockchain Development is not that much difficult to learn like any other programming technology. Blockchain requires effort and dedication. But the whole concept of blockchain development and design is dependent on programming.

To start your career in Blockchain you have to be familiar with programming. So Blockchain requires coding. At the starting blockchain developer salary is not that much high. But after getting experienced you will get a huge amount as your salary.

9. Why are blockchain salaries so high?

Blockchain developer salaries are high as the demand for a blockchain developer is high, and in this era where everything needs to be automated, blockchain technology is in its valuable period.

The blockchain developer salary is high as you need the combined knowledge of computer science, business, and psychology to understand the world of blockchains, only some people have that combined knowledge. And finding these types of employees is a little bit difficult.

10. How much does a blockchain developer earn?

Blockchain Developer salary in India varies from 4 Lacs to 30+ Lacs based on the qualification of the aspirant blockchain developer, the experience the aspirant has and the average salary of aspirants is 6.6 Lacs based on 391 salaries on ambitionbox.