Before getting into what blockchain developers exactly do or how much they earn, we shall provide some context on what blockchain technology entails. Blockchain technology is essentially a distributed database that is also popularly known as DLT (Distributed Ledger Technology). It is shared over a computer network medium. The technology stores any essential bit of information in the electronic form, prompting secure transactions in the process. Anything may be traded/tracked on the blockchain network.
Blockchain is a new and constantly developing technology. It is a shared immutable ledger; ultra-secure and transparent owing to the use of decentralization. This technology facilitates the record-keeping of necessary transactions. It further allows the tracking of assets via a network of businesses.
It is important to note that the knowledge of the blockchain concept has stood as a boost for several individuals in their career path, putting them at the forefront of change and business transformation. With this basic understanding of the technology that is popularly being assimilated across industries in India, we shall now dive into the details regarding blockchain developer salary and their responsibilities in this blog.
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Who is a Blockchain Developer?
The role of a blockchain developer opens up with extensive knowledge in the blockchain technology sector. It is one of several job roles associated with blockchain knowledge, which pose great growth opportunities in the future.
A blockchain developer is someone who has certified expertise in designing, developing as well as testing blockchain applications and systems. There are essentially 2 types of blockchain developers, including:
- Core Blockchain Developers: They are responsible for working on system architecture, managing measures for cybersecurity and overseeing the blockchain network.
- Software Blockchain Developers: Software developers, on the other hand, design and create applications meant for the platforms for blockchain.
We shall discuss more about the responsibilities bestowed on blockchain developers. But first, let’s get to our ultimate question!
How Much Do Blockchain Developers Make in a Year?
Blockchain developer salary on average across multiple years of experience under multifaceted circumstances, ranges between ₹5,00,000 - ₹10,00,000. It is crucial to note that an individual's experience level can greatly impact their earnings.
The table below demonstrates the same:
While there is no isolated answer to the question, comparing various insights on salaries through several sources shall be a reliable way to expand perspective on the blockchain industry in India. AmbitionBox, for example, has reported the average salary of a blockchain developer was ₹9,40,000 across varying years of experience. Freshers, on average, made around ₹7,40,000. On the other hand, blockchain salary for professionals with 5 years of experience was up to, approximately, ₹14,00,000.
Note: You may look up salary information by specific employers if you want to learn more about the salary ranges associated with particular companies.
Therefore, we can say that blockchain developer salaries in India are quite high, across various years of experience. So, a career path set in the field of blockchain technology truly has much to offer to an individual aiming to prosper monetarily in the future.
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Roles & Responsibilities of a Blockchain Developer in India
There are several roles and responsibilities associated with core and software blockchain developers in India. Refer to the tables below for a guide to their essential skills and duties.
How Will an Online Blockchain Degree Help You Progress in Your Career?
In the digital era of today, all aspects of livelihood have been transferred over to the online medium. So, why leave learning behind, to the chaos of traditional classroom setups?
Instead, get to experience an enhanced educational model from the comfort of your home. Pursue your passion for a degree in blockchain without having to travel for several hours to an institution.
Here’s how online courses are going to propel you towards the achievement of your dream job much faster:
- Unlimited access to study material; study pieces become easy to download online and can be saved systematically
- Learning from an internationally based faculty who shall bring forth to your screen, global insights with an inclusive perspective
- Focus on learning alone, with no physical distractions in the way
- Access to diverse curriculums designed according to industry trends and requirements
- Time saved as no extra hours are spent travelling back and forth between an institution and one’s home
So, there is no reason to delay your joining online classes now, if you're interested in blockchain technology or are fascinated by the roles, responsibilities and salary ranges associated with blockchain developers in India.
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Final Word
Blockchain has been evolving into a major transferable skill, and its importance is being reflected in the blockchain developer salary ranges in India. With an average salary of ₹5 lakhs to ₹10 lakhs per year, It's safe to say that blockchain developers are well-compensated. Certain factors like the number of years of professional experience, location and other specific skills shall affect the salaries of an individual.
With blockchain technology prompting so many lucrative career directions in India, there is all the more reason for you to enroll yourself on an online blockchain course. Especially, with esteemed institutions like Amity Online University, you get to clear up various fundamental concepts and wield a degree of expertise within the field, as a part of the online MCA Degree in Blockchain!
So, aim for that dream package and prepare to become an effective blockchain developer from today onwards!
