What Is Blockchain?

A blockchain refers to a digital log containing transactions that are duplicated and distributed across multiple computer systems and networks. It is a way of storing and managing data in a decentralized way, making it difficult to change, track, hack, or adulterate it.

Here, the “block” refers to the permanently preserved datasets, something similar to a ledger page in a book of accounts. This data cannot be altered or deleted once created. These blocks are managed by an online community of members commonly known as “miners.” When one block is linked with one or more blocks, it makes a blockchain.

First used by Bitcoin in the realm of cryptocurrency, blockchain is now used by several organizations worldwide to store valuable data securely. The miners on the blockchain are often rewarded with cryptocurrencies.

If you have the right tools, skills, and time to devote, you can easily become a miner and reap the benefits of blockchain.

The Immense Popularity Of Blockchain

One of the biggest reasons why you stand a chance to get a handsome blockchain developer salary in India is that technology has caused a revolution in the world of IT. Carrying the potential to change the way data is stored and managed, blockchain has opened doors to new avenues for organizations to conduct their business. While the technology was created just to support Bitcoin, its massive popularity and relevance have made it a hot favorite innovation in the corporate and global IT realms.

Moreover, global spending on blockchain is expected to cross a whopping $15.9 by the end of 2023. Built on a P2P (peer-to-peer) topology, blockchain lets users defy geographical boundaries by sharing information and storing valuable data globally. Blockchain allows you to store your data on thousands of servers and lets everyone view the transactions in real time.

In 2023, blockchain has evolved into a lucrative career perspective, letting aspirants like you earn decent salaries. If you wish to earn a desirable blockchain developer salary in India, it is important to know the new technology like the back of your hand!

Who Is A Blockchain Developer?

Simply put, a blockchain developer is an IT professional responsible for creating and enhancing blockchain protocols for their clients. They shoulder the responsibility of designing a network capable of being used for data centralization and decentralization. A Blockchain developer is also responsible for creating smart contracts for their clients.

It is safe to say that a blockchain developer lays the fundamental groundwork that is used by other professionals and users to work. They work with online applications driven by blockchain and are in charge of making the most of the new technology. A Blockchain developer also oversees development projects and gives their input to improve the technology’s utility for the end users.

Types Of Blockchain Developers In India

There are two major types of blockchain developers in India: Core Blockchain Developers and Blockchain Software Developers.

Core blockchain developers shoulder the responsibility of making high-level decisions like building the architecture of a blockchain system. Moreover, their focus lies in deciding how their protocols should be developed and designing consensus protocols.

On the other hand, blockchain software developers are responsible for developing decentralized software applications running on blockchain technology. They use the blockchain core developers’ tools and architecture to build these apps.

Blockchain Developer Salary In India By Experience

If you have little to no experience in the domain, you will have to start small and accept a modest blockchain developer salary. However, if you are consistent in your approach and keep adding to your expertise, you can climb the corporate ladder at lightning speed and make the sky your limit! The key to earning a good blockchain salary in India has always been gaining industry and domain experience.

Here is the average blockchain developer salary you can earn in India with varying degrees of experience:

Blockchain Developer Salary In India By Job Role

The job role you choose will have a direct influence on your salary. Let us have a look at the average blockchain developer salary you can earn by opting for different job roles:

Blockchain Developer Salary By Skillset

It is difficult to earn a competitive blockchain developer salary in India or abroad without having the right skills to do so. The salary you can earn as a blockchain developer usually depends on your knowledge of decentralized applications like Ethereum, EOS, NEO, HyperLedger, and more.

Moreover, having a certification in the domain will give you a great impetus and help you earn a handsome blockchain developer salary, even as a fresher. Getting certified gives you an official stamp of approval and endorsement for your skills. It lets recruiters know that you are cut from a different cloth than your peers! In India, getting certified can get you a salary as high as ₹30 lacs per annum without several years of experience.

Blockchain Developer Salary In India By Company

Different companies recruiting blockchain developers in their teams offer different salaries to them across the country. Make sure you are mindful of the pay packages offered by some of the biggest names in the tech industry. Compare the salaries offered by multiple companies before applying for your job.

Here is the average blockchain developer salary you can earn by getting a job in a few major companies operating in the country:

Blockchain Developer Salary Outside India

If you are planning to move abroad to build your career as a blockchain developer, you will have a plethora of opportunities to choose from. However, make sure you match the salaries you are offered to the cost of living in specific countries instead of making direct currency conversions.

Here is the average blockchain developer salary offered by major countries outside India:

How Should I Prepare For A Blockchain Developer Interview?

Being a recent technology that is a tad bit complicated, a candidate needs to be completely thorough with it before appearing for an interview. Before anything else, make sure you know the technology well and are skilled enough to start your job the next day!

As you prepare for your blockchain developer interview, make sure you know all major blockchain principles and their real-world applications. Moreover, it is important to gain a working knowledge of data structures, computer networks, and algorithms. You should also prepare yourself by brushing up on your programming language before appearing for an interview.