The cryptospace is exploding with jobs, led by a legion of newly minted startups clamouring for a set of niche skills. Be it writers or coders, financial experts or hardware engineers, there a slice of the pie for everyone.
Lying at the intersection of various unconnected disciplines, the field of cryptocurrency involves an eclectic cast of professionals with diverse backgrounds and skill sets. Before diving into this encrypted ocean, it would be well to know where you fit.
Communication, or rather, the lack of it, is the principal barrier around any nascent technology. Especially in an innovation as obtuse as cryptocurrency, there is an urgent need to present its principles to the general audience in an easy to digest manner, before individuals and institutions can begin to place their trust in it.
This need is fueling an unprecedented demand for writers well versed in the nuances of cryptocurrencies.
Arguably the easiest job to get into, all one needs to make a dent in this field is a healthy knowledge of latest crypto trends combined with a certain flair for the written word. Bonus points if you actually know your Ethereum from your Litecoin, and don’t think cold storage is for keeping vegetables.
The classic you-cannot-go-wrong option, blockchain developers are to cryptocurrencies what software engineers are to the web; the architects of its very foundations. As such, the demand for blockchain devs is evergreen, making blockchain the hottest skill in the market.
Every ICO (Initial Coin Offering) needs to be built upon a blockchain, supported by well engineered code to communicate flawlessly with the underlying protocols. With a new coin sprouting almost every hour, this demand is not going to abate any time soon.
Better still, blockchains can be leveraged for applications other than cryptocurrencies, such as in warehousing, or even gaming, which calls for wizards to design custom blockchains from scratch, or build on an existing network such as Ethereum using smart contracts.
No, I don’t mean the kind that wears yellow helmets with flashlights and merrily chips away at hard rocks with pickaxes; I am talking about cryptocurrency miners, who set up powerful rigs that hammer away at the complex proof-of-work algorithms of the various cryptocurrencies to uncover new coins.
Thanks to the burgeoning popularity of cryptocurrencies, this job has suddenly come in vogue, with huge mining pools employing thousands of specialized chips being set up across the world. These mining units have to be monitored and carefully maintained to ensure peak efficiency, creating an opportunity for erstwhile IT professionals adept at working with networked hardware.
You can even set up rigs of your own, though be warned; they do not come cheap. You may want to look into a quick financing option to get your framework up and running.
Originally, crypto traders used to be lone wolves, gambling their way through the coin exchanges in hopes of making riches overnight. With the advent of big money on the crypto scene, however, trading in coins came to be regarded as serious business, with companies setting up crypto exchanges to facilitate transactions of the encrypted currency, and other companies investing in the digital assets.
Navigating these exchanges soon came to resemble their stock market analogues, and as such, gave rise to similar professionals engaging in speculative activities, a` la Wall street brokers.
That is where the modern day trader comes in, executing coin trades for large investment firms, coordinating with their peers for executing a certain investment strategy.
Until recently, the profile of a majority of crypto investors consisted of hype followers, who had jumped into the bandwagon based on hearsay and marketing gimmicks, making ad hoc purchases and driving up coin prices to unsustainable levels. But the bursting of the bubble in the crypto winter of 2018 sent ripples across the market, dumping once buoyant currencies to the rock bottom and utterly destroying some of the weaker ones.
And as with any financial instrument, this creates a niche for professionals to dissect the landscape and design sound investment strategies.
Crypto analysts are responsible for keeping up with developments in the field and assessing the potential of upcoming ICOs to decide on an optimum investment route to maximise the returns of the portfolios managed by them.