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Where to Hire Bitcoin Developers

It’s the Wild West as far as Bitcoin development is concerned. If you’re one of the growing number of companies seeking a Bitcoin developer, your job search is reversed. Usually companies have the gargantuan task of sifting through loads of highly qualified programmers to reluctantly decide which ones to hire. With Bitcoin developers, you’ll be lucky if you find some that make the cut.

Three Reasons Why Finding Your Perfect Bitcoin Software Engineer is So Hard

  1. Bitcoin is new
    Bitcoin is a new technology. As such, it is a technology that is constantly evolving. Your perfect Bitcoin engineer would need to have, at least, five years experience in lower-level programming languages (e.g., Java, OCaml, and C#), and be familiar with backend and frontend systems, distributed systems and cryptography.

    He or she would need to be in touch with new and evolving technologies, be open to change and be willing to learn. “You can’t just say, ‘I am a highly specialised blockchain guy,’ because that actually doesn’t really mean anything, nor say, ‘I am really good at Eris’,” explains Seamus Cushley, Director of PwC, blockchain consulting services, “Eris may not be here tomorrow: it may become the underpinnings of the globe or they may not. So it is the ability to change which is important.”

  1. A Bitcoin developer is not a regular programmer
    Many recruiters make the error of equivocating a Bitcoin software engineer with a software programer. The truth is, there is a world of difference – and this world of difference can make or break your blockchain. First, simple programmers are good at improving your app. That’s it. They don’t have blockchain experience. For that, you need someone who specializes exclusively in cryptocurrency, which is an entirely different, more complex topic. Such Bitcoin developers know how to program high-quality code for Ethereum or Bitcoin blockchains and are familiar with game theory and economic principles. They’ve worked in areas like fixed income instruments, currencies, and commodities (FICC), equities, payments processing, and wholesale credit.
  1. Bitcoin developers are not looking for a job
    Bitcoin engineers tend to be independently wealthy. They’ve already made it big from bitcoin. They don’t need your money. You’ll have to convince them to work for you, and you may find that difficult, especially since most Bitcoin developers are fiercely independent, tend to start or join their own ventures, and avoid the conventional workplace. You’ll have to be innovative, present them with something world-changing, challenging and atypical, and slant your team and your workplace philosophy to suit their tastes.

    Few companies succeed in finding or hiring their dream developers, which is why “There is far more demand than supply of developers,” says ConsenSys Chief Marketing Officer Amanda Gutterman, “who are skilled with blockchains.” Moreover: “With the total market projected to boom, we believe demand will only increase more sharply.”

Where to Hire Bitcoin Developers

That said, over recent years, several services have launched programs to meet the growing need for highly skilled Bitcoin engineers. ConsenSys launched its ConsenSys Academy where it trains some of the top programmers to become top Bitcoin programmers.

Some companies outsource engineers from blockchain development firms. Other companies hire stop-gap solutions from services like Microsoft, ConsenSys, Distributed Labs, or Cardano-Labo. This route works if you want to hire skillsets on a project basis, without committing long-term to particular workers. Job-market platforms that are more “iffy” in their selection include Ethlance, Altoros, and 1.s-pro.io. On the other hand, Coind may have higher-quality Bitcoin programmers.

Other places to find blockchain engineers are on blockchain meetups and in developer conferences like Ethereum Devcon (i.e., Ethereum Foundation Developers Conference). You can also advertise on AngelList and StackOverflow, or browse online blockchain-related forums like Bitcointalk, relevant Reddit subgroups, Gitter, or crypto channels on Slack or Discord.

Finding out where your Bitcoin developers congregate is part of the job. You’d also want to know what makes a great developer — and how to motivate such individuals to join your team.  That’s where other articles on our site can guide you further.

 

We here at Blockchain Developers, Inc. are world-class at helping you find and hire the talented Blockchain developers you need to grow. Just fill out our contact form, and we’ll be happy to see if we can help!
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When to Hire Bitcoin Developers

If the hiring price of bitcoin developers were to rise in the same way that the bitcoin currency has already risen, many enterprises would be hard-put to recruit them. Rarely has any tradeable asset seen such a dramatic increase as Bitcoin, rocketing upwards by thousands of percentage points.

Since bitcoin engineers are also blockchain developers, their value is in their ability to help their employers ride the wave of bitcoin popularity and leverage the underlying blockchain technology for next-generation applications across sales, finance, supply chain, and more.

What is Driving Bitcoin and Blockchain Popularity?

The exchange rate for a currency goes up because the market is convinced the underlying economy is strong, productive, profitable, sustainable or has some other desirable quality. As currency rates rise, a virtuous spiral develops. More organizations want to deal in that currency for their sales, purchases, rentals, and other transactions.

More and more applications are being developed to handle the currency and to integrate it with existing systems. In the case of Bitcoin, this includes writing programs to use blockchain to support contract management, inventory tracking, and so on. Costs, time to transact, and risk go down. The value of the currency goes up again, and the cycle repeats.

If you think this is wishful thinking, then consider the following example. One of the biggest insurance companies in the world, AXA, has already investigated using Bitcoin to provide micro-insurance services. The trouble is that companies like AXA have also already been snapping up bitcoin engineers to help them further their business aspirations.

What is at Stake for Your Enterprise?

To be fair, no enterprise is obligated to join the bitcoin movement. It is possible to forego on the additional customers that bitcoin transactions might bring your way. You can stick to automated clearing house (ACH) transactions that take days, rather than benefit from bitcoin transactions that take only minutes. And, of course, it’s your choice if you prefer to pay all the intermediaries in a conventional transaction chain for the fees they levy for passing your money along to the next in line.

As Dr. W. Edwards Deming, the renowned expert on quality, reputedly said, “Survival is optional. No one has to change.” These reasons and more are why companies are building up their teams of Bitcoin core developers today, to control their futures rather than have their futures control them.

What Will You Need in Terms of Bitcoin Developer Skills?

Bitcoin coders are software programmers, and basic software skills are a starting point. But you’ll need to add an understanding of cryptography and an appreciation of economics and business transactions, if you want useful, practical results. This combination of skills is already rare enough in most enterprises, but it still isn’t enough.

Bitcoin core developers are also renowned for their passion to discover new technologies, work on transparent, decentralized solutions, and find solutions to problems that leave many others scratching their heads. They often started working on Bitcoin and blockchain as an outside interest, fueled by a desire to change a system that they saw as outdated, inefficient, and even undemocratic.

A bitcoin dev list is their preferred meeting place, rather than a company coffee machine. In short, it’s unlikely that you will find longer-standing employees ready to go with this combination of capabilities and characteristics.

How You Can Move Forward

You might try any of the following possibilities, each of which has its advantages and disadvantages. First, is training an option? Be aware that learning curves mean increased lead time, and that competent bitcoin coder instructors may be almost as rare as bitcoin developers themselves.

Second, how about outsourcing? You’ll have to agree to give up part of or all the control of your bitcoin app development, leaving the outsourcer in a potentially dangerous position of strength. If the outsourcer stops working for you, it keeps its skills and know-how, leaving you to scramble to find a replacement.

Third, can you hire bitcoin developers directly? This solution meets the needs for speedy deployment and building skills in-house, although it depends on knowing how to recruit via non-standard channels like a bitcoin dev list.

The Time to Hire Bitcoin Developers is Now

Insurance companies, banks, large corporations – the race for bitcoin talent is on. Once bitcoin engineers are ensconced in these kinds of organizations, it may be hard to tempt them back onto the employment market. Bitcoin coders and blockchain developers in general are also in demand across a range of industry sectors, and bitcoin engineers gravitate towards the top of recruiters’ lists, given their knowledge and experience of bitcoin as a currency and blockchain as an enabling technology. Yet when you know where to look for them and how to attract them – and if you act now – good bitcoin engineers are still available for hire.

We here at Blockchain Developers, Inc. are world-class at helping you find and hire the talented Blockchain developers you need to grow. Just fill out our contact form, and we’ll be happy to see if we can help!
Aaron No Comments

Searching for Satoshi: How to Hire Bitcoin Developers?

Bitcoin still plays a central role in the Blockchain universe. But how do you find Bitcoin engineers?

Three types of Bitcoin engineers exist. Those who build program applications that merely happen to interact with your blockchain, those who build applications for your blockchain, and those who make a blockchain from scratch. This third category is the least common, the most skilled, and the hardest to get. As of mid-2016, blockchain thought leader William Mougayar estimated there were only about 5,000 such individuals. They’re supremely rich, so they’re not seeking a job. Most freelance, so you’d want to consider hiring remote. There’s a trick to hiring the best of them. You may have to change your work environment and philosophy to get them. Here’s a peek into their characteristics and interests so you know what to look for and how to motivate them to join your team.

Qualities of Bitcoin Developers

Crypto-anarchists dream of a decentralized industry that has people all over the world functioning without government interference. Peaceful though their philosophy is, it tends to intimidate businesses. Get used to it. It’s part of who they are.

1. Autonomous: Bitcoin engineers worth their salt became extremely rich from Bitcoin early in their careers. They’re not in it for the money. They’re obsessed with the technology. As one Reddit member put it: “I was enamored with Bitcoin when I first learned about it, and wanted to know everything about how it works. I spent hours everyday after work (I was/am a software developer) learning and practicing the tech… researching the tech, writing smart contracts/Dapp prototypes, and more or less evangelizing this technology.” There’s little hope such people will agree to be caged. These are people who prize their personal freedom and tend to hate workplace conventions. They may agree to work for you remotely. You may have to relax your rules.

2. Crypto-Anarchists: Many Bitcoin developers are strong libertarians, or crypto anarchists, who aim to decentralize everything from governments to the monetary system. BitNation’s founder, Susanne Tarkowski Tempelhof, summarizes their viewpoint when she stated that she hoped that cryptocurrency could replace the nation state and rid us of bureaucrats, creating “a world of a million competing digital nations.” Crypto-anarchists dream of a decentralized industry that has people all over the world functioning without government interference. Peaceful though their philosophy is, it tends to intimidate businesses. Get used to it. It’s part of who they are.

3. Intelligent: They’re highly intelligent in the areas of technology, science, finance and arithmetics. Blockchain programming is programming of a different order. “In order to get your head around the complexities of Blockchain,” says Opus’ Zeth Couceiro, “you have to be a pretty smart programmer anyway, it is not just like knocking a website together.” Your dream bitcoin engineer knows game theory and economic principles inside out. Bitcoin developers often work with money, and, therefore, have experience in areas like fixed income instruments, currencies, and commodities (FICC), equities, payments processing, and wholesale credit.

4. Passionate about Financial Technology: Your dream Bitcoin engineer frequents blockchain communities, chats on hackathons, and patronizes on- and offline meetings –  as a hobby. You’ll also find them on crypto Subreddits, writing LinkedIn articles, hosting podcasts, and so forth. While some have Ph.Ds in the field, others are self-taught. What they have in common is decades-long experience in the field and a passion for FinTech.

5. Innovative: Many Bitcoin developers have teamed up to work on crypto challenges. The really good ones form and develop their own startups. You’re likely to find them on platforms like Gitter, the preferred chat app for developers, Slack or Discord, or plugging away at blockchain projects on HackerRank or GitHub. They congregate on blockchain-related forums like Bitcointalk, relevant Reddit subgroups, blockchain meetups, and developer conferences like Ethereum Devcon (i.e., Ethereum Foundation Developers Conference).

Other typical characteristics include the following:  They’re natural multi-taskers, juggling many different projects at one time. The best of them are able to solve technical and business problems simultaneously. They know they can resolve all problems, are highly competitive by nature, and crave recognition by and from their peers. They want to change the world – again, that’s where their libertarianism comes into play.

The Cost of Hiring Bitcoin Developers

They know they can resolve all problems, are highly competitive by nature, and crave recognition by and from their peers. They want to change the world

The low supply and huge demand for Bitcoin engineers mean that many companies are willing to pay a premium for this expertise. Opus’ Zeth Couceiro estimates a range of $70-90K for “regular” developers whom startups hire then boostwith training. For full-fledged Bitcoin developers, “expect to pay [between] $400,000 and $600,000” for an annual salary according to former chief information officer at UBS and founder of Bussmann Advisory, Oliver Bussmann. Bussmann believes there are only about 20,000 people worldwide with this kind of talent. “Demand for these skills is high. To get the talent you have to pay,” Bussmann tells the publication Financial News. (For a more comprehensive look at this area, see our Feature article “How much do Blockchain Developers Cost?“)

Bottom Line

In short, demand for Bitcoin software engineers is high and growing. While Russia and Poland have an abundance of developers, the United States has far less. The search is harder, particularly if your project is not viewed as outstanding. Some of the solution lies in your hands, though it’s far from easy:  Walk their walk, master their lingo, speak their speech. Show dream developers how their work will change the world and how they’ll gain visibility. Expect to hire remote devs who cherish independence and who enjoy juggling three or more projects simultaneously.

You’ll want to be resourceful, imaginative, persistent, and flexible. Some buy a whole company only to acqui-hire the right talent. It may be worth it.


We here at Blockchain Developers, Inc. are world-class at helping you find and hire the talented Blockchain developers you need to grow. Just fill out our contact form, and we’ll be happy to see if we can help!
Aaron No Comments

How to find Bitcoin Developers

Bitcoin developers are rare, numbering only a few thousands really skilled ones. If you want to find and retain the best Bitcoin software engineers, you’ll want to know some tricks to get them.

The A-Z of Bitcoin Developers

First, Bitcoin developers fall into three fields.

There are those who….

  1. Build applications that interact with your blockchain: These are programmers who know web development and popular libraries like ReactJS. They don’t need specialized blockchain knowledge.
  2. Build on an existing framework (usually in the form of smart contracts): These are smart contract developers, with a background in programming, security and software testing. These developers tend to know IPFS/Filecoin, Oracles, token models, state channels, and the like.
  3. These developers build a blockchain from scratch: They are full-stack developers with a strong background in lower-level programming languages (e.g., Java, OCaml, and C#), distributed systems and cryptography.

So, essentially your search boils down to what you want your Bitcoin developer to do. Once you know that, the rest is easy.

Where to Find your Bitcoin Developers

  1. The “regular” Bitcoin engineer who improves your apps

You’ll want programmers who know web development and popular libraries like ReactJS. They don’t need specialized blockchain or Bitcoin knowledge.

Look for such software developers on regular places like TopTal, Guru, Upwork, LinkedIn, ELance, StackExchange, SmashingJobs or maybe even CraigsList.

  1. The “smart contract” builders

You’ll want Solidity developers, with a background in programming, security and software testing. These developers should be familiar with IPFS/Filecoin, Oracles, token models, state channels, and the like.

You may want to search LinkedIn for programmers that have these skills, scour relevant subReddits or place a cheap Reddit ad on crypto-subs.

  1. The highly uncommon Bitcoin blockchain builder

This is the rarest sort of engineer to find. You’ll want a full-stack developer with a strong background in lower-level programming languages (e.g., Java, OCaml, and C#), distributed systems and cryptography.

Here’s How to Motivate Terrific Bitcoin Developers to Work for You

Qualifications for your Bitcoin software engineer include the following:

A solid understanding of code and programming. You’ll want a backend and frontend developer, who knows codebases like Java, C++, Ethereum Solidity, Python and more. You’ll want them to have experience working with these languages in professional settings. Such Bitcoin developers also need to be able to program high-quality code for Ethereum or Bitcoin blockchains (at least), encode smart contracts and digital tokens, and master game theory and economic principles. They’ll need to have experience in areas like fixed income instruments, currencies, and commodities (FICC), equities, payments processing, and wholesale credit.

Your dream Bitcoin developer frequents bitcoin development communities, chats on hackathons, patronizes online and offline meetings, is an excellent multitasker and handles challenges. More so, Bitcoin engineers, as with all blockchain engineers, must be open to change and willing to learn. “You can’t just say ‘I am a highly specialised blockchain guy’ because that actually doesn’t really mean anything, or say ‘I am really good at Eris’,” explains Seamus Cushley, Director of PwC, blockchain consulting services, continuing to explain that, “Eris may not be here tomorrow:  It may become the underpinnings of the globe or they may not. So it is the ability to change which is important.”

Places to Look for the Bitcoin Programmer?

Look for full-time Bitcoin software engineers on online blockchain-related forums like Bitcointalk or relevant Reddit subgroups. You may may also want to consider platforms like Gitter, the preferred chat app for developers, or crypto channels on Slack or Discord. You’ll find blockchain engineers on blockchain meetups and in developer conferences like Ethereum Devcon (i.e., Ethereum Foundation Developers Conference).

Many work on real-world projects through platforms like HackerRank or GitHub. Others participate in podcasts.

Bottom Line

You’ll need to learn the rudiments of Bitcoin technology to find them. And even then you may fail, especially if you’re hiring a Bitcoin software engineer to build a private ledger for a bank – these individuals believe in decentralizing the system! You have to be extremely creative, resourceful, and almost emphatic.

According to former chief information officer at UBS and founder of Bussmann Advisory, Oliver Bussmann, there are only about 20,000 such individuals in existence. William Mougayar, reckoned that there are even less, estimating that there are approximately “5,000 developers dedicated to writing software for cryptocurrency, Bitcoin, and blockchain in general.”

Then again:  Look hard enough and try hard enough, and you may find at least one or two great Bitcoin developers who may consider giving your company a try.

We here at Blockchain Developers, Inc. are world-class at helping you find and hire the talented Blockchain developers you need to grow. Just fill out our contact form, and we’ll be happy to see if we can help!
Aaron No Comments

WHY HIRE BITCOIN DEVELOPERS

In 2009, Bitcoin was where it all began.

At its core, Bitcoin was designed to be a form of uncensorable, robust and sound money: a type of peer-to-peer digital cash that operated without the need for any financial intermediary or government control. In the year 2010, Bitcoin facilitated its first trade when an early adopter bought 2 pizzas with 10,000 Bitcoins — a very expensive meal in today’s market. Since then, Bitcoin has experienced exponential growth, reaching a market cap of $70 billion in less than 10 years.

Today the most popular use case of Bitcoin is its form of global currency, but Bitcoin is also a computer protocol that fosters open innovation. This core protocol is maintained by a small number of blockchain developers known as the Bitcoin core developers.

Companies that have adopted and accepted Bitcoin as one of their payment methods have experienced serious competitive advantages in recent years. These advantages include settlement time within hours instead of days, quick and easy international transfers, and negligible transaction fees. Such perks have allowed businesses to achieve faster delivery times for their products, receive more credit from their suppliers, and provide a superior customer experience with a hassle-free payment system. The subset of blockchain developers known as Bitcoin engineers can help companies fulfill today’s market needs and demands.

Bitcoin coders can facilitate the development of platforms and payment systems that can help existing companies differentiate themselves from their competitors. For example, in 2014, Shopify announced its integration of Bitcoin payments with Coinbase for their e-commerce software platform. This led to an enormous value creation for Shopify users as their customer base became global overnight. Bitcoin engineers and Bitcoin coders can help make such integrations successful for e-commerce businesses.

In using the Bitcoin protocol, consumers, as well as merchants, gain a technological advantage. As transactions are irreversible in the Bitcoin network, there is a lower risk to merchants, because losses related to fraudulent transactions can be avoided. Furthermore, as the network relies on using public-private key cryptography instead of personal information (such as name, address, phone number) for facilitating transactions, data breaches due to server hacks and identity theft issues can be eliminated altogether.

Bitcoin is not only a global monetary system but also a protocol that enables open innovation. Blockchain software developers like Bitcoin engineers are hard at work to bring such innovative ideas to reality.

Industry Use Cases

The advent of Ethereum has encouraged a lot of open innovation, but Ethereum still hasn’t passed the test of time, as the technology is still less than 3 years old. On the other hand, the Bitcoin blockchain has stood the test of time, and as of today, represents one of the most robust, secure, and programmable blockchains out there.

Namecoin (https://namecoin.org/) — the first project built on top of the Bitcoin protocol — is building an open, decentralized, and censorship-resistant DNS infrastructure for the internet. Technically, Namecoin is a key/value pair registration system for domain names. The associated values of a stored key (such as registered names) are stored in the blockchain and can be queried and retrieved as required. It currently costs 0.01 NMC (Namecoin internal cryptocurrency) to register a domain.

ColoredCoins (http://coloredcoins.org/) is another project that is working toward building an open-source banking infrastructure for digital money. The project’s vision is to provide a blockchain-agnostic layer to issue various forms of digital currencies. Built on the Bitcoin protocol, the system facilitates the creation and transfer of digital assets with the robust security of the Bitcoin blockchain. One of the key differentiators of the ColoredCoins project is that it doesn’t have its own cryptocurrency, so each transaction within the network is a actually a Bitcoin transaction.

Civic (https://www.civic.com/) is a recent project that raised around $33 million USD and is working to build a secure identity platform using Rootstock (RSK). RSK is another smart contracts platform built on top of the Bitcoin blockchain. The Civic protocol consists of validators   — institutions such as government entities and utility companies — that can verify the identity of individuals or organizations and push them to the blockchain through a method called attestation. Civic envisions being able to battle identity theft by providing theft insurance and notification alerts when identities on the Civic blockchain are compromised.

As we can see from the aforementioned examples, Bitcoin is not only a form of global currency, but a platform on which to develop similar open, decentralized, and trustless applications. This is a truly powerful thing in its own right, but it is only the beginning. Blockchain developers such as Bitcoin engineers can help your company be part of this new growing industry. Hire a Bitcoin coder today!

We here at Blockchain Developers, Inc. are world-class at helping you find and hire the talented Blockchain developers you need to grow. Just fill out our contact form, and we’ll be happy to see if we can help!