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From dogecoin to bitcoin: Skills you need for cryptocurrency jobs

SOURCE: INA FASSBENDER/AFP
Considering a cryptocurrency job? Here's what you should know.


By U2B Staff 

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Cryptocurrencies have been making headlines in the past few years. Investopedia describes cryptocurrency as “virtual or digital money which takes the form of tokens or ‘coins.’” They add: “While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.”

There are many types of cryptocurrencies, including bitcoin, ethereum and dogecoin. Many of the world’s leading companies have taken an interest in the currency, including Tesla founder Elon Musk who has invested billions into bitcoin. Musk also announced that Tesla would accept payments in bitcoin.

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Many tech giants are also getting involved with cryptocurrency, including Amazon, IBM and Oracle. 

The World Economic Forum (WEF) reported that cryptocurrency use is on the rise, with 33% of Nigerians either using or owning cryptocurrency, according to a recent survey. It has become popular as a cheaper solution to sending money across borders.

Quoting data from Bitcoin.com, WEF said among the regions and countries where cryptocurrency use is most common include Africa and Southeast Asia.

“One more world region where many cryptocurrency users are located in Latin America,” it said. 

“Peru leads adoption with 16% of respondents, while Brazil, Colombia, Argentina, Mexico and Chile all reached double digits. Switzerland was the country with the highest adoption rate in Europe, together with Greece (11%). In general, European and Anglo nations had very low levels of adoption.”

Whether this paves the way for large-scale adoption of cryptocurrencies as a method of payment by major businesses remains to be seen, but there’s no denying that there are untapped career opportunities in cryptocurrency. 

Skills for cryptocurrency jobs

Some of the common cryptocurrency jobs include software engineering, blockchain developer and blockchain engineers. 

Back in 2018, a Glassdoor reported that blockchain jobs are growing. They found 1,775 blockchain-related job openings in the US in August 2018, a 300% increase over the same period last year.

They add that most blockchain jobs are technical, with software engineer being the most common blockchain job openings on Glassdoor, accounting for 19% of all blockchain job listings.

Pundits believe blockchain developer jobs will grow in demand.

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The Blockchain Council notes: “At a basic level, anyone who is involved in developing blockchain technology can be tagged as a blockchain developer. A blockchain developer is [someone] who has a strong mix of skills in areas such as cryptography, data structures, algorithms, and computer networking. 

“He may also have experience with a specific type of blockchains such as Bitcoin or Ethereum. A blockchain developer is one who develops smart contracts and web apps and is responsible for developing and optimising blockchain protocols and crafting the architecture of blockchain systems.”

They note that blockchain developers should be well-versed in areas such as: 

  • Data structures
  • Blockchain architecture
  • Smart contract development
  • Web development
  • Cryptography

Some of these skills also overlap for jobs like blockchain engineer and software engineers. This could include proficiency in programming languages such as C++, Java and JavaScript, as well as a strong background in software development.

Whether you want to learn more on cryptography to data structures, there are many options for upskilling, either via organisations such as the Blockchain Council to online learning providers such as edX and Coursera as well as master degrees in cryptocurrency and digital currency.