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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 Earn Digital Currency Online in 2020

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earn digital currency

The following is a guide on how to earn digital currency online in 2020. This guide lists five ways.

Earn Digital Currency Online through Trading

You can earn digital currency online through trading on peer-to-peer (P2P) exchanges like Paxful. Trading could mean that you are exchanging one digital currency for another. Instead of getting paid in your local currency for selling bitcoin for a profit, the buyer can pay you in another digital currency like ether.

Trading on P2P exchanges could become a full-time job and earn you a living. On Paxful, for instance, you can post your sale offers and wait for users to buy from you. To increase your sales, you should have good feedback from users you have traded with previously, your selling price should be attractive, and you should have a high trade volume.

Furthermore, you can earn crypto by selling the gift cards you are not using. Some of the gift cards you can sell on Paxful for crypto include iTunes, American Express, Nike, Sephora, and Macy’s.

Participating in Affiliate Programs

Affiliate programs are arrangements where individuals earn commissions in crypto for onboarding new users. Such programs are great opportunities to earn extra income, especially if you believe in the company’s service or product.

For example, you can earn 50 percent of the escrow fee on Paxful when your friends (tier one affiliates) buy bitcoin on the platform. Additionally, you can earn ten percent of the escrow fee when your friends (tier two affiliates) purchase bitcoin on the P2P exchange.

Paxful pays commissions in bitcoin. Once you have earned at least USD10 in BTC, “you can cash out your earnings into your Paxful wallet anytime.”

To become a successful affiliate, you should understand the product or service you are recommending to your friends. Also, it would be best if you are a user of this product or service. People are more likely to try out an exchange, for instance, if you can prove that it is working for you.

Joining the Paxful Ambassador Program

Young AfricansPaxful’s ambassador program is suitable for individuals that believe in the P2P exchange and financial freedom. As an ambassador, your job is to tell as many people as you can about Paxful and to help them become users.

The initiative has three levels: peer, ambassador, and associate. Each level has several benefits and specific tasks that individuals should accomplish. For example, you will earn $5 as a peer each time your referrals complete their first trade on Paxful.

Individuals that join this program are eligible for affiliate program earnings. Furthermore, you will be invited to all Paxful events in your region, giving you a chance to increase your crypto knowledge and build your network.

Freelance Writing

Writing for crypto companies is another great way to earn digital currency. You can find freelance writing opportunities with crypto news sites, exchanges, crypto projects, and blockchain companies.

Crypto writing gigs can pay you in cryptocurrencies or company tokens. When it comes to the latter, ensure that you can easily exchange it for major cryptocurrencies before accepting payment.

You can apply for crypto freelance writing opportunities on Crypto Jobs, Cryptocurrency Jobs, Freelancer.com, Crypto Jobs List, Upwork, and Simply Hired.

Becoming a Crypto Social Media Influencer

If you are a crypto enthusiast with a large following on social media, you can advertise crypto products and services in exchange for digital currencies.

When advertising for crypto companies, ensure that you understand their product or service. Alternatively, use the product or service first before recommending it to your audience. To start earning digital currency online as a crypto influencer, you should actively reach out to companies with pitches.

With these five methods of earning digital currency online in 2020, you can start making extra income in the comfort of your home. All you need is a multi-coin wallet, a computer, a smartphone, and an internet connection.

Next, read where to purchase bitcoin in Africa by learning the difference between P2P marketplaces and centralised exchanges.

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How to Buy Your First Bitcoin: A Step-to-Step Guide

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Buy Your First Bitcoin

So, you have finally decided to get on board the bitcoin ship and are wondering how to buy your first bitcoin. This guide will take you through the process of purchasing bitcoin on Paxful.

How to Buy Your First Bitcoin

Paxful is a peer-to-peer marketplace where you can buy and sell bitcoin. However, before you register a Paxful account, you should create a mobile wallet that will hold the bitcoin you purchase.

Some of the best bitcoin wallets that support multi-cryptocurrencies include Edge, Jaxx Liberty, and Guarda. These wallets are compatible with both iOS and Android. Mobile wallets are ideal because of easy accessibility. You want a wallet that enables you to check your bitcoin regularly. Also, you can send and receive bitcoin easily through a mobile wallet.

Some of these wallets are also compatible with other devices. As a result, you can access them on a computer or your browser as extensions.

To create a wallet, follow these steps:

  • Download the app from the App Store or Play Store
  • Once it has installed, open it, and follow the prompts

Creating a wallet is simple. You should, however, remember to write down your wallet’s backup phrase and store it in a secure place. The phrase is important because it will give you access to your wallet when you get a new phone or when you want to open it on a different device.

Furthermore, you should secure your wallet with a strong password. If possible, add two-factor authentication. To get a more secure wallet, buy a cold wallet like Trezor or Ledger.

Buy Your First Bitcoin on Paxful

Now that you have a wallet, you can buy your first bitcoin. Firstly, you will need to create an account on Paxful. To do this, follow the steps below:

  • Visit the Paxful
  • Click “Create Account”

Paxful 1

  • Enter your email address and password
  • Complete the puzzle for verification
  • Open your email and verify it

Paxful 2

  • Paxful will have given you a username. Change it according to your preference. You can only change your username once, so choose wisely
  • Upload a picture of yourself
  • Enter your phone number and verify it by entering the confirmation code Paxful sends you
  • Write your bio, change your email preferences and save changes
  • Set answers to the security questions provided and save. The security answers come in handy when you need to change your phone number
  • Next, click “Verify ID.” Watch the video provided to understand how it is done
  • Verify your home address according to the instructions given

After sending your identity details, wait for Paxful to approve your application. It is crucial to keep in mind that you cannot buy Bitcoin on Paxful until you verify your identity. Therefore, since the verification and approval process will take some time, prepare in advance by getting the following:

  • A PNG or JPG photo of the front and backside of your government-issued ID
  • Good lighting for Paxful to capture a picture of your face
  • A utility bill, bank statement, or credit card statement, showing your full name, city, residential address, and postal code. Paxful does not accept a P.O. Box address and requires proof of address in PDF, JPG, or PNG.

Buying Bitcoin: The Process

Once Paxful approves your application, you can now buy bitcoin. Log into your account and click “Buy Bitcoin.” Paxful will show you a list of sellers from your country. Next, take these steps:

  • Explore the sellers from your country by clicking on their usernames. On their profile, you will see their trade volumes, how many people trust them, the number of trades they have carried out, the number of trade partners they have, and the positive feedback they have received. This information will help you decide who to trade with. Note that trust and positive feedback are important in peer-to-peer trading.
  • Before you hit “Buy,” check the buying limit of each seller, the payment method, and how much they are selling BTC above the current market price. Additionally, check the time it will take the seller to send you bitcoin after you make the payment.

Paxful 5

  • Once you find your preferred offer, click “Buy” and enter the amount you want to spend. Paxful will show you the amount of bitcoin that you will receive. Also, confirm that you are okay with the seller’s requirements before proceeding.

Paxful 7

  • Click “Buy Now” and send payment as per the seller’s instructions. Paxful offers live chat between traders. Therefore, you can discuss the payment option with the seller. You can also use live chat to ask the seller questions.
  • Click “Pay” and the seller will confirm your payment. If you sent the payment successfully, the seller will release the bitcoin to your Paxful wallet

Paxful uses secure escrow to hold bitcoin from the seller as you make your payment. As a result, you are protected from being cheated.

Transferring your Bitcoin

When you complete your transaction, click the “Wallet” tab to view if your BTC has arrived. Once it hits your wallet, you will see a new balance clearly stated. Now, you can transfer the bitcoin to the mobile wallet you created or you can spend it directly from the Paxful wallet.

To transfer bitcoin from Paxful to another wallet, click “Send” and paste the address of your bitcoin mobile wallet. The BTC should appear in your mobile wallet in a few minutes. It is easy to do this if you use the Paxful app. That way, you can carry out the transfer on your mobile phone.

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4 Things to Do Do Before Investing in Bitcoin

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Before Investing in Bitcoin

Investing in bitcoin can be an exciting and profitable opportunity that is unlike other investments that you have made previously. However, investing in bitcoin can also be a big commitment that can put you and your finances at risk if you do not take the right precautions.

Here are four things you should do before you invest your money in bitcoin.

1. Brush Up on Your Cryptocurrency Knowledge

Like with every new opportunity that you are interested in, the first step that you should take before investing is to research this type of investment. Research is vital to find out everything that you need to know about how cryptocurrency investments operate, how much you can expect in returns, and how you can develop a successful strategy. Many online guides can help you to do this. For instance, CryptoVantage can guide you to the best crypto wallets for you and your investment strategy.

2. Know How to Protect Yourself

Protecting yourself is of vital importance when you are deciding to invest in cryptocurrencies like bitcoin and to ensure that you are not bowled over by the many risks that are associated with cryptocurrency and other forms of investing. These risks include the possibility of hackers accessing your bitcoin, incidents of fraud, and a heavily fluctuating market.

To avoid your bitcoin from being stolen by cybercriminals, you should never leave large amounts of bitcoin on exchanges. You should also update the anti-virus software on your computer and make sure that you have installed a firewall, in addition to using a strong password on cryptocurrency platforms.

3. Look at Your Finances

Before you decide to invest in bitcoin, you need to decide how much money you can afford to part with. You should not rely on being able to get this money back as cryptocurrency is a risky asset class whose value increases and decreases regularly.

Once you have decided how much you are willing – and can – invest in crypto, you should then set aside a small test amount. This will enable you to try your hand at cryptocurrency and practice your strategy without the worry of losing all of your money if something goes wrong or if your strategy is not as effective as you at first hoped.

4. Become Part of the Trading Community

Becoming part of the trading community for cryptocurrencies and bitcoin is extremely important if you want to hear about the latest developments and receive advice from seasoned professionals. To do this, you should consider heading on to cryptocurrency forums, joining a local networking group, or choosing to attend a nationwide event that can help you to hone your trading skills and make the most out of your investment for the future.

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