A favorable economic condition fuelled by a rise in demand for
crypto currency in various applications is driving the crypto
currency market. Companies like Bitmain, NVIDIA, Xilinx, Intel, and
BitFury have responded to this and launched innovative hardware and
software to boost the crypto economy. And the market seems strong.
According to Markets and Markets,
The crypto currency market is at $1.6 Billion in 2021.
It is expected to reach a value of $2.2 Billion by 2026.
The CAGR expected to be exhibited by the market from 2021 to 2026
The major drivers of this market will be the distributed ledger
technology and the massive venture capital investments. Even though
an uncertain regulatory status could hinder the process, the hopes
are high among market leaders. The global players currently include
Advanced Micro Devices, Ripple Labs, Ethereum, CoinBase, Binance,
Canaan, Bitstamp, and Alcheminer.
It is a wise decision to now jump on the bandwagon and carve a name
for your business within the crypto world. In order to do that, you
need to hire a crypto currency developer with in-depth block chain
knowledge. The developer must be proficient in the development tech
as well as know the industry peaks and lows. Here we will list 5
skills that any crypto currency developer or a cryptocurrency
development company must have in 2021.
CRYPTO CURRENCY DEVELOPER SKILLS
The developer must have a deep understanding of blockchain
architecture and deployment protocols. The developer must maintain
a high functioning portfolio of Dapps or decentralized apps. They
must be able to design an efficient consensus protocol.
Additionally, they are required o supervise the network and design
architecture. The security of the entire architecture is their
Unwanted parties can be prevented from accessing your data using
cryptography. A crypto currency development company must understand
public-key cryptography and implement it seamlessly. They must also
have cryptographic hashing knowledge and deploy keys and wallets
Smart contracts are increasingly being used in industries like
construction and law. It is important to be familiar with the
concept. Languages like Viper and Chaincode that focus on smart
contract development must be an area of expertise for the