Technology has been a great revolutionary in creating enormous ways by which people can earn a decent living, like through playing online games like Mr. Bet. In the same spirit, over a decade ago, cryptocurrencies were born, and with them creating key job roles like crypto specialists. Although mastering this technology may not be for the faint-hearted, the skills pay lucratively. Below is an overview of who a crypto specialist is, their skills, and the possible pay rates.
Who is a Crypto Specialist?
A crypto specialist is a person who possesses great skills in crypto or blockchain technology and helps solve blockchain-based problems. But what is the meaning of crypto? Crypto is a digital currency used to buy and sell services via a secure online platform. Blockchain technology is a decentralized system of computers that records and manages cryptographic transactions. There are more than 25 active cryptocurrencies, but to list several crypto coins: Bitcoin, Ethereum, Ripple, and Dogecoin.
If you don’t know where to start with cryptocurrency, this article will help you out.
2 Top Skills That a Crypto Specialist Must Have
Having crypto skills is the foundation of a successful career in blockchain; also, learning is key. To be a specialist, you need a high knowledge base in two areas: blockchain technology and business models.
1. Blockchain Technology Skills
Enrolling in certification course guarantees that you will learn these skills from a professional point. Certification increases your employability.
2. Business Modeling Skills
Understanding business models ensures that you have polished and competitive skills for the market, especially when aiming to work in a top-notch company. You must show a great understanding of blockchain technology and how that can help them solve blockchain enterprise problems. The best way to polish your business models’ skills in relation to blockchain technology is to learn blockchain architecture patterns and the ecosystems and standards they use and need.
There has been a high demand for blockchain specialists since the inception of this technology. Blockchain isn’t simple technology, and only a handful of people know how it works; this possibly attributes to the high demand. And, when demand beats supply, the pay rates rise.
According to Blockchain Council, blockchain engineers make, on average, $18,000 to $175,000 per year; the pay rate depends on experience and expertise, amongst other things. Similarly, the International Association of Cryptologic research posts impressive positions that will likely attract lucrative salaries for either contractors or full-time employees. The sector is thriving, and very few people are there to fill the gaps.
Additionally, knowledge in blockchain technology gives exposure to how crypto trading works. The crypto trading industry is gaining popularity, and cryptocurrency brokers are increasing every day.
Blockchain is a growing sector with many companies venturing but very few people available to fill the gaps. As a result, there are many opportunities but for the people with competitive skills. Between blockchain skills and business modeling, which skill is the most important to a crypto specialist? We would love to know your thoughts in the comments section.