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How to Become a Blockchain Developer

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How to become a blockchain developer

The demand for blockchain talent is skyrocketing. For every one blockchain developer, there are reportedly 14 job offerings, which is why people who are currently looking into learning how to code should probably consider blockchain development as a possible career path. This industry is poised to grow and the pool of talented blockchain developers is limited. To help those who are interested in blockchain development, we have composed a guide on how to become a blockchain developer.

Why Become a Blockchain Developer?

blockchain developerFor a long time, mobile developers have been most sort after in the tech community but those days are seemingly coming to an end. With the rapid growth of the blockchain ecosystem, the need for specialised blockchain developers is increasing.

The blockchain has potential applications in almost every industry, and most companies may eventually need a dedicated individual or team to help them work with this innovative new technology.

LinkedIn and UpWork have experienced a great surge in blockchain related job opportunities with the latter recently climbing its way to first place on a list of the 5,000 fastest-growing skills. According to Glassdoor, the average annual salary of a blockchain developer is $80,000. According to a recent market research report, the blockchain market is expected to grow at a CAGR of 53.2% during the forecast period, to reach $12.48 billion by 2025. Although this is just a prediction, blockchain will undoubtedly change many industries and their processes.

Back to Basics

With any new and revolutionary technology, there are many hurdles for budding developers, with the most common being familiarising yourself with different concepts that are essential to the technology. It is integral to try and understand the foundations and principles of blockchain technology before immersing oneself in the world of blockchain development, as well as learn how it works.

The next step will be to decide which blockchain you want to develop on. Ethereum is the most popular blockchain platform for developers who want to build decentralised applications. However, there are also several other projects that are attracting developers, such as NEO, EOS, and Waves, among many more.

Get Coding

This is a computer science intensive field and blockchain involves pure programming, and different blockchains and cryptocurrencies are built on different languages. Bitcoin runs on C++, Ethereum uses its own language Solidity for its smart contract coding, and some blockchains are attempting to broaden their appeal by supporting several languages. There are plenty of options available as far as languages are concerned, but one needs to become sufficiently skilled in the one(s) relevant to the blockchain network you want to work on.

It will also help you to acquire web development skills as a blockchain developer, including HTML, CSS, NodeJS, and MongoDB. There is also a lot of back-end work involved with blockchain development. Networking and security skills will be an extra useful skillset to have because these fields are just as important and are closely related to blockchain development.

Where to Learn

blockchain developerA good place to start from is figuring out where your interests lie, they could be a lot more technical, more to the financial side or even consulting. Whichever the case, you should clearly define what it is you want to specialise in and narrow down your search to information that is relevant and in line with the path you would like to take.

Those interested in becoming blockchain developers can also read blockchain-related books. One such interesting book is ‘Mastering Bitcoin‘ by Andreas M. Antonopoulos which offers great insights into the technical side of blockchain and is freely available as an eBook.

The University of Oxford offers a six-week online class that promises to deliver “a comprehensive understanding of what blockchain is and how it works.” Other online courses can be gotten from Coursera and even watching YouTube tutorials can be a good start for aspiring blockchain developers.

Acquiring some background knowledge in economics is also vital in order to succeed in this field. It may not be enough to have exceptional programming skills. To fully grasp the fundamentals of the blockchain and cryptocurrencies, you should also be knowledgeable in the foundations of game theory and micro and macroeconomics, as well as supply and demand, opportunity costs, auction theory, monetary policies, the velocity of money, inflation, and deflation.

Mix n’ Match

Another important step to take in learning about blockchain development is to always stay in the know by following industry news and to network. Networking can be done by joining different forums, reaching out to developers and attending blockchain events and talks. Github and StackExchange are also great places to connect with other developers in this space.

There is a gap that needs to be filled in this field and the potential of the blockchain technology has yet to be fully realised. If you want to be a part of something that could potentially disrupt our world in the next ten to twenty years and earn a lot of money doing so, you should consider becoming a blockchain developer as a career choice for your future.

Finally, check out our complete guide to blockchain jobs platforms to find out exactly what skills are required for high-paying blockchain development jobs.

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How to Bet with Bitcoin on Football

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With the new football season having started, it’s time to learn how you can bet with bitcoin on your favorite football club. The good news is that many online betting companies now accept bitcoin.

Read on to learn why betting companies love bitcoin and how to bet with BTC on your football team.

Why Betting Companies Support Bitcoin

Since its establishment in 2009, Bitcoin (BTC) has been and continues to be the most popular cryptocurrency, and with good reason. Some of Bitcoin’s most impactful features include:

1. Fast and inexpensive

With bitcoin, it takes a few minutes to send and receive any amount of money. And if you are using the Bitcoin Lightning Network to make payments, transaction costs are a few cents.

2. No third-party interference

Because of its decentralized nature, which makes it impossible for anyone (including governments) to control, you can feel safe to make any payments you want (including to online betting platforms). This also comes with the added advantage of not having to disclose your personal information when making a payment.

3. Supports borderless payments

With Bitcoin’s decentralized nature comes its borderless characteristics. This makes it possible for anyone in the world to be able to send and receive bitcoin payments wherever they are.

Betting companies were among the first adopters of bitcoin because it enables them to reach a broader audience and provide an innovative digital payment option to bettors. From playing a bitcoin slot to betting on any sport imaginable, bitcoin casinos and online betting companies have truly embraced bitcoin.

The credibility of bitcoin as a financial and payment solution is also being felt in the world of football. For example, in April 2021, Southhampton F.C began paying its players bonuses in bitcoin, opening up a whole world of possibility for other clubs to start doing the same.

How to Bet With Bitcoin on Football

Bet with Bitcoin on Football

Betting with bitcoin has proved to be an efficient process for bettors, and betting companies who have embraced cryptocurrency as an efficient payment system.

One of the leading sports betting companies that enables you to bet with bitcoin is Sportsbet.io. So let’s dive in and show you how you can bet with bitcoin on this popular platform.

Betting with Bitcoin on Sportsbet.io

Sportsbet.io is a user-friendly and highly modern betting platform. It has a functional live betting service and is one of the few betting companies that will allow you to bet in bitcoin through a few easy steps.

  1. Register for Sportsbet.io by clicking on the ‘Create an Account’ tab on the top right of the homepage.
  2. Access your wallet by logging into Sportsbet.io. On the top right of the page, next to your balance, click your balance or the ‘Deposit’ button.
  3. Next, you click on ‘Use Currency’ and on ‘Deposit.’
  4. A QR code will appear.
  5. Open your bitcoin wallet, scan the QR code, and choose how much BTC you want to send to your betting account.
  6. You will have to wait for three confirmations on the Bitcoin blockchain for your funds to settle in your SportsBet.io account.
  7. Start betting on your team(s).

Now that we have started you off on your journey, happy betting, and may the odds be ever in your favour!

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How to Cash Out Bitcoin to Naira Using Cryptofully

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Bitcoin to Naira

Over the past few months, Nigeria’s central bank has made it difficult for traders to cash out bitcoin to naira, restricting crypto companies from having a Nigerian bank account. But there is now a cheap and efficient way to cash out your bitcoin to naira.

In this guide, you will learn how to convert your BTC to NGN and receive the money in your bank account within minutes using Cryptofully.

Getting Started on Cryptofully 

Cryptofully is a peer-to-peer payments app that allows you to easily convert bitcoin to naira and automatically settles into your Naira bank account.

Using Cryptofully, you can cash out your bitcoin from anywhere in the world into any Nigerian bank account. The platform also supports US dollars and payment options, including Visa, Mastercard, Google Pay, and Apple Pay.

Cryptofully leverages a local network of peer-to-peer (P2P) traders, enabling it to convert BTC to NGN within minutes. With this P2P system, you are not looking for a peer to buy your bitcoin. Cryptofully automatically matches your trade to the best peer and makes it seamless for the user.  

All that’s needed to cash out bitcoin to naira using Cryptofully is to sign up, complete the KYC, add a bank account and convert your bitcoin to cash.

How to Cash Out Bitcoin to Nigerian Naira

You can cash out your bitcoin to your Nigerian bank account using either the Cryptofully website or mobile app. 

Download the Cryptofully App

mobile app

Step 1: Create an account

  1. Get the app on iOS or Android.
  2. Open the app and register with your email address and verify the email address.
  3. Start the KYC process. Visit Profile, click to Add bank, and add your BVN. You can also add your bank account in this section.

Step 2: Cash Out Your Bitcoin to Naira

  1. Type in the amount you want to cash out.
  2. Then choose to send via bitcoin.
  3. On the following page, you can add your bank account details in the recipient field.
  4. On the last page, you can see a Bitcoin wallet address. Send your bitcoin to that wallet address and within a few minutes, the equivalent amount in naira will settle in your bank account. 
  5. Cryptofully matches you to a peer instantly who sends the money to your naira bank account.

Visit the Cryptofully Website

Cryptofully Platform

You don’t need to sign up or log in with any details on the website to start using it

  1. Go to the Cryptofully website at www.cryptofully.com.
  2. Specify the amount of bitcoin you want to cash out to naira. You can use either the Floating Rate or Fixed Rate. The Floating Rate means the exchange rate can change based on changes in bitcoin prices, and the Fixed Rate means you can lock in an exchange rate for your transaction.
  3. The naira amount equivalent you will get in your bank account will appear below.
  4. On the following page, you will see a space to fill in the preferred bank account you want to receive your money.
  5. Then, you will be shown a Bitcoin wallet address. 
  6. Copy the wallet address and do a transfer to the address. The Cryptofully system matches you immediately to a peer.
  7. The peer sends the money and the money settles in your naira bank account.

Since the Central Bank of Nigeria enacted draconian measures against crypto companies, preventing them from having banking relationships, the peer-to-peer bitcoin trade has flourished in the West African country.

Peer-to-peer payment apps, like Cryptofully, are enabling Nigerians to continue using bitcoin for remittances, payments, and as an investment.

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How to Trade Cryptocurrency on Sikix.io

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Sikix Dashboard

Sikix is a decentralized exchange that allows users to have full control over their funds while trading digital assets. In this guide, you will learn how to trade cryptocurrency on Sikix.

Opening an Account on Sikix

To start trading on Sikix, you have to create an account.

Here are the steps you will take:

  • Visit the Sikix website
  • Click “Register Account”

Sikix

  • Enter an account name and password
  • Hit “Confirm”
  • Save the seed file to your computer and click “I’ve Backed It Up.” You should store your seed phrase safely because the platform cannot restore it for you.
  • Click the settings icon to verify your email address and phone number

Sikix.io

  • Next, go to “Balance” to deposit crypto or fiat into your account. For instance, if you want to deposit BTC, go to bitcoin on the list, click “Deposit” and copy the address provided. Transfer bitcoin to the address and click “Confirm.” Note that the minimum amount of BTC that you can deposit is 0.01.

Sikix Dashboard

  • Once the bitcoin hits your account, you should see the total balance and the USD equivalent displayed on the balance page.

On Sikix, the most common base currencies are USDT and the Nigerian naira (NGN). You can deposit both of them before you start trading. But that does not prevent you from depositing any of the other supported cryptocurrencies.

Depositing Local Currency to Your Account

To deposit naira, follow these instructions:

  • Go to “Balance”
  • Search for NGN on the list and click “Deposit”
  • Enter the amount you want to deposit. The platform will display the fees and the amount you will deposit.

Sikix Exchange

  • The platform will redirect you to a new page where you will enter your card details. Alternatively, you can use any of the other payment methods listed.

Sikix Trading

  • Once the transaction is complete, you should see your newly deposited funds on the balance page.

How to Trade Cryptocurrency on Sikix

Assuming that you deposited USDT in your account, here is how you can trade on Sikix:

  • Go to “Trade”
  • On the left-hand side of the screen, select a trading pair from the drop-down menu. For instance, you can choose the ETH/USDT trading pair. That means that you can buy ether with USDT. Note that the graph shows how the price of ETH is changing against USDT. You can view this change over different periods.

SIKIX DEX

  • On the right-hand side of the screen, select the green box. This box represents the bidding price, which is the maximum amount that you are willing to pay for ETH. The red box represents the asking price, the minimum price that a seller is willing to accept. You can choose to trade at these levels.
  • Alternatively, you can make your purchase through a limit or market order. The limit order allows you to buy ETH at a fixed price. Conversely, a market order enables you to buy ETH at the best market price.
  • Once you have entered the amounts, click “Buy ETH” to open your order. If you placed a market order, your purchase will take place immediately. However, you will have to wait to get a match if you placed a limit order.
  • When your order goes through, an ETH balance should reflect in your account.

Presently, the exchange supports BTC, USDT, ETH, BCH, XLM, XRP, NGN, and CMT with a plan to add more digital currencies in the future.

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