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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 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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The Complete Beginner’s Guide to TerraCredit (CREDIT)

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TerraCredit

Ever come across TerraCredit or TerraBit and wondered what they are? In this guide, we explore the TerraCredit ecosystem and provide an in-depth beginner’s guide to one of the fastest-growing crypto projects in Africa.

What is TerraCredit (CREDIT)?

CREDITTerraCredit (CREDIT) is a decentralised cryptocurrency at the heart of a digital payment ecosystem. The developers behind the cryptocurrency built CREDIT as a “viable replacement to cash and a rewarding option” – especially for users in developing markets.

CREDIT is the native currency of the TerraBit platform, a payment platform tailored towards the unbanked.

At the time of writing, the cryptocurrency is in the top 1,000 coins by market cap on CoinGecko. At the time of writing, CREDIT was trading at $0.00614 per coin.

Highlights About CREDIT

  • Name: TerraCredit
  • Ticker/Symbol: CREDIT
  • Max supply: 86,000,000
  • Blockchain: Native
  • Consensus mechanism: Proof of Stake (POS)
  • Established: 2017**

The cryptocurrency is built on a native Proof-of-Stake blockchain, requiring less from network validators, allowing more people to participate in the network. Currently, the Terracredit blockchain has over 12,000 individual network validators. The decentralised nature of validators makes it difficult to perform a 51 % attack on the blockchain.

What’s more, transaction fees on the Terra blockchain are very low. In contrast, most of the top cryptocurrencies have become very expensive to use due to fees. TerraCredit allows you to transact with fees as low as $0.00000003.

Moreover, CREDIT transactions are fast. They confirm in seconds Quicker transactions are made possible because of the low fees and the availability of several validators.

TerraCredit can be stored on native or third-party wallets. The native CREDIT wallet is available on desktops running Windows, Linux, and Mac OS. You can also download the mobile application for Android. Conversely, if you prefer third-party applications, there are many options like MyCointainer to choose from. 

What is TerraBit?

TerraBitTerraBit is a global payments platform that allows you to store cryptocurrencies and exchange them for fiat on a single app. It is also the native wallet of TerraCredit.

TerraBit supports CREDIT and bitcoin (BTC). It also supports fiat currencies like the naira (NGN), rand (ZAR), and peso (COP). You can deposit these currencies directly on the app to purchase cryptocurrencies.

Besides buying crypto, you can also sell crypto in the app and withdraw it to your bank account. This feature has made it very popular in developing markets like Nigeria, Colombia, and Kenya.

TerraBit also has a merchants interface that makes it possible for you to accept crypto payments. If you are a business owner, you can accept crypto payments in person via the app. It is extra easy doing the same online by just sending your crypto address.

Finally, the app comes with extra features, such as web staking.

Highlights of TerraBit

  • Trade cryptocurrencies on-the-go
  • Support for fiat currencies: NGN, ZAR, COP
  • Merchant interface to accept crypto payments
  • QR payments

Future features coming to TerraBit includes more fiat options for markets like Ghana. Virtual credit cards are also on the roadmap. These cards will make it possible for you to spend your crypto wherever bank cards are accepted.

TeraCredit Features

TerraCredit has several features that have seen an upgrade after the latest hard fork. As mentioned earlier, TerraCredit deploys the most modern blockchain technology. This makes it decentralised, fast, private, and easy to use. Here is a deeper look at the leading features of TerraCredit:

Proof of Stake: TerraCredit runs on a Proof of Stake (POS) consensus algorithm. Compared to other consensus algorithms like Proof of Work, POS is more lightweight and easier to participate in. Easy participation allows more individuals to play a role in confirming transactions. Without a broader pool of validators on a network, it becomes centralised.

The few validators get to control the affairs of the project. Also, bad actors can take advantage of this to attack the blockchain. You can participate in securing the TerraCredit network via staking or masternodes. Securing the network also rewards you through the creation of new coins. 

Decentralised Autonomous Organisation (DAO): The latest TerraCredit hard fork brought a new governance model. Masternodes operate the TerraCredit DAO. Aside from helping secure the network, masternodes contribute to the governance of the project. The DAO gets funds directly from the blockchain, which are allocated to approved proposals. Anyone can submit a proposal that masternodes vote on. Each masternode has one vote. Having a DAO with funds directly from the blockchain ensures the development and marketing of the project.

Swiftx: TerraCredit (CREDIT) enables swift transactions using the masternode infrastructure. Swiftx ensures “near-instantaneous” transactions. This feature aims to put TerraCredit in the same league as major payment processors like Visa and MasterCard. 

Coin mixing: Mixing makes transactions private. Instead of sending transactions directly from your wallet to another, coin mixing takes the coins through several transactions (mixing) before the final destination. This feature gives CREDIT privacy utility.

Ways to Earn CREDIT in 2020

TerraBit

There are two main ways to earn CREDIT in 2020. Both methods allow you to earn passive income since they require only a simple set up at the initial stages.

Web Staking

You can stake CREDIT via the native wallet. All you have to do is load your wallet with CREDIT and turn on staking to get started. It is simpler than mining and lowers the barrier of entry. You can stake 0.000000001 CREDIT and above. Rewards are paid daily into your wallet after you begin web staking.

Masternodes

Masternodes, on the other hand, come with more requirements. You need to hold at least 50,000 CREDIT as collateral for your masternode. After, you have to set up a node with the wallet. You can do this using a hosting service or do it yourself using basic hardware like Raspberry Pi.

Masternode owners receive rewards every block for securing the network and participating in the governance process. 

The Bottom Line

TerraCredit continues to grow beyond the TerraBit platform. CREDIT has been added to several exchanges, payment processors, and wallets recently, while its web staking functionality offers users a way to generate investment income on their CREDIT holdings. 

To learn more about TerraCredit, check out the project’s website.

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Chipper Cash: How to Seamlessly Send and Receive Money Across Africa

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Chipper Cash

Are you looking for a quick and easy way of sending and receiving money in Africa? In this guide, we will explore how Chipper Cash can enable you to transact comfortably right on your mobile phone.

What is Chipper Cash?

Chipper CashChipper Cash is a money transfer platform that enables seamless cross-border transactions. The payment service aims to democratise financial services for Africa’s unbanked by allowing them to transact through their smartphones.

According to Chipper Cash, the app is the first of its kind to provide instant cross-border mobile money transfers on the continent.

The app allows you to connect one or more mobile wallets, and transfer money to a number of locations. Moreover, all in-country transfers are free, which makes it an inexpensive option for P2P payments. The app is available for Android and iOS devices.

How Does Chipper Cash Work?

To access Chipper Cash, you have to download the app onto your smartphone. You can download the app on the Google Playstore for Android users or from the Apple store if you are on iOS. You will have to register an account before you start transacting on the platform. The platform allows you to register using your email address or phone number.

The verification process is fairly easy. You input personal details including your bio, address, and select the default currency for your account. Interestingly, the app can sync with your device and automatically select your current location as your address, saving you precious seconds inputting the same manually. Finally, registration is complete once you set a four-digit PIN and log into the platform.

Chipper Cash has a simple UI that consists of three main windows; the activity section, the referral section, and the user profile page.

To send money you have to ensure the recipient is a verified user on Chipper. If possible, request their Chipper Cash tag to confirm before sending money. Alternatively, you can scan the QR code of the recipient, if nearby, and send him or her the funds instantly.

How to Send and Receive Money

Chipper Cash AppYou can load money from your mobile money account onto your Chipper wallet using the ‘Add Cash‘ functionality at the top of the page. When transferring money from your phone you will receive a request for approval on your phone. Once you approve the prompt the money will be credited in your Chipper wallet. The reverse will happen when you need to transfer money from your Chipper wallet to your mobile money account. To do this, simply tap, the ‘Cash out‘ option in your profile, and a similar process will be initiated.

You can request money from anyone on Chipper by utilising the ‘Request’ tab on the bottom of the landing page. This is no doubt a good feature when following up on payments or seeking refunds for erroneous transactions. The platform does not charge any fees, even for cross-border transfers. Moreover, Chipper Cash has no minimum balance for sending money and is thus suitable for micro-payments.

According to the platform, there are plans to roll out a Chipper Cash ‘escrow’ service. Currently, to cancel out a transaction sent to the wrong address you have to request the recipient to reverse the same. However, the recipient has to approve such a request. To avoid such a scenario you are advised to check that you have the correct address before you send money.

While there are no limits to how much you can send per transaction, there are limits to how much you can ‘Cash In’ and ‘Cash Out’ on the platform. Furthermore, you can send money to a recipient who is not on the platform. They will receive a text message notifying them of the payment. However, they will still have to download the app to access their funds.

Other Chipper Cash features include:

  • You can link multiple mobile money accounts
  • Generous referral program

Pros and Cons of Using Chipper Cash

Pros

  • Simple UI
  • Free cross-border transactions
  • No minimum balance
  • Discounted airtime purchase
  • Interoperable – you can connect multiple mobile money accounts
  • Dedicated customer support team

Cons

  • Lengthy verification process
  • Lack of an ‘escrow’ functionality

The Chipper Cash app is currently available in seven African countries including Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria, and South Africa. Moreover, the platform is backed by several prominent VC’s and organisations with future plans to expand into new markets.

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