August 19, 2019

How To Hire Ethereum Blockchain Developers

There is a massive demand for quality Ethereum developers and to hire Ethereum developers, and for a worthy reason. How To Hire Ethereum Blockchain Developers The blockchain and ICO space have exploded over the last few of years. More and more people are trying to get in and make their name in the space. However, in order to be successful, it is critical for them to have a strong and sound team. Blockchain developers, and to be more precise, Ethereum developers are the most Hence, critical component of that team.

So, in this guide, we are going to make your life a lot easier. We are going to show you how you can pinpoint and shortlist the cream of the crop.

Before we hire an Ethereum developer though, it is important that we know what kind of people we are hiring.

What Makes a Great Ethereum developer?

To Hire Ethereum Blockchain Developers. It's a skill which is as niched as "Ethereum Developer", it is important to know what are the base qualities that How to Hire Ethereum Developers separates the best from the rest? A great developer should be more than just a coder with blockchain coding skills. We are not saying that simple coders are not valuable; however, you need a proper developer in order to create an empire. So, what are some of the main qualities that you are looking for?

Strong Faith in Decentralization:

These people believe that decentralization will salvage humanity. These are the kind of people who traditional corporations won't hire because of their belief that institutions like societies, corporations, and Hence, governments should get decentralized.

Mastery of Cryptography:

Blockchain developers need to have mastery in crypto-economics. There are two parts to crypto-economics, cryptography, and economics. This is why a great Ethereum Developer must have an undying curiosity for cryptography.

Mastery of Economics:

The second half of crypto-economics is "Economics" so an expert developer Hence should have sound knowledge of economy and game theory mechanics as well. Furthermore, If you are creating a blockchain platform, the code should make sure that all the participants are economically incentivized.

Extreme Curiosity:

In order to have such a humongous knowledge base, these people are extremely curious by nature. These are the kind of people who are up till late at night going through videos, forums, wikis to understand a particular problem.

So, now we Hence, know the kind of people that we are looking for. That is why it makes sense to begin from scratch with some Ethereum basics.

What is Ethereum?

Ethereum is a source based on open blockchain, open distributed software platforms that were launched Furthermore, officially in 2005. It enables smooth development of reorganized applications and smooth agreements. Supported apps as there is no work stoppage to the uniqueness. Hire Ethereum Blockchain Developers to develop your own ethereum app.

Ethereum powered apps are extremely powerful to run on a custom-built blockchain and share its global substructure that can be used from documenting compound financial transactions to distributing new music whereas it can be used for almost every single purpose.

Hence, Ethereum app development suggests flexibility and one of the most strong tools that assist in managing. Furthermore and creating blockchain systems and it also manages transparent smooth contracts that can help to raise your business easily.

How Does Ethereum Mining Work?

As of right now, Ethereum is utilizing the same Proof-of-Work protocol that Bitcoin is utilizing. However, Ethereum soon plans to move over to Proof-of-stake and they are going to use the Casper protocol to make this transition.

So what is the difference between proof of stake and proof of work? This is actually something that you can ask Furthermore, people that you are potentially interviewing. Knowing how proof-of-work and proof-of-stake works are absolutely critical.

Proof of work:

Hence, This is the protocol that many cryptocurrencies like Ethereum and Bitcoin have been following so far. This means that miners "mine" cryptocurrencies by solving different crypto-puzzles using dedicated hardware.

Proof of stake:

This protocol will make the whole mining process virtual. In this system, we have validators instead of miners. The way it works is as a validator, you will first have to lock up some of the ethers as stakes. After doing that you will then begin validating blocks Furthermore, that basically means if you see any blocks that you think could be appended to the blockchainthen you can validate it by placing a bet on it. When and if the block gets appended then you will get a reward comparative to the stake you have invested. If you bet on the wrong or the malicious block then the stake that you've invested will be taken away from you.

To implement "proof of stake" Ethereum is going to make use of the Casper consensus algorithm. In the beginning, it is going to be a hybrid style system where the majority of the transactions will still be done a proof of work style while every 100th transaction is going to be proof of stake. What will this do is that it will provide a real-world Furthermore, test for proof of stake on the Ethereum platforms. But what does that mean for the Ethereum and what will be the advantages of this protocol? Let us take a look into it!

Advantages of proof of stake

Makes 51% attack harder:

51% attack happens when a group of miners gains more than 50% of the world's hashing power. Using proof of stake negates this attack.

Lowers the overall energy and monetary cost:

The world's bitcoin miners spend around $50,000 per hour on electricity. That's $1.2 million per day, $36 million per month and ~$450 million per year! Just put your head around those numbers and the quantity of power being wasted. By making the use of "Proof-of-stake" Furthermore, you are going to make the whole process completely virtual and cutting off all these costs.

No ASIC advantages:

As the whole process will be virtualand it wouldn't depend on who has the better equipment or ASICs (application-specific integrated circuit).

Malicious-free validators ?

Any validator who has funds locked up in the blockchain would make certain Furthermore, that they are not adding any wrong or malicious blocks into the chain because it would mean their entire stake invested would be taken away from them.

Block creation: this makes the creation of newer blocks and the entire procedure faster.

Scalability:

How to HireEthereum Developers?

Makes the blockchain scalable by introducing the concept of "sharding" (More on this later.)Even though there have been various simplistic implementations of Proof of Stake before, what separates.

Hence, Casper from the rest is that it incentivizes the honest miners and punishes the dishonest ones. Furthermore, If you have put your stake on a malicious block, then the stake will be taken away from you. It will punish anyone who doesn't play by the rules.

Can you find great developers?

Well, It is hard to find great developers in "traditional places" like LinkedIn and Google. However, Reddit, GitHub, etc. are great places to find these developers.

Plus, there is one more thing. Hence, Since this is such a niche talent, you should be open to the fact that they might be in your city or even your own country. Furthermore, You should make provisions for remote location jobs, especially if you are looking for the cream of the crop.

How To Hire Ethereum Developers?

It may be a pain, but this is one of those "quality over quantity" things.

Conclusion

Furthermore, When you are interrogating Ethereum developers, you must keep this one thing in mind that it is not necessary that they answer all the questions thoroughly. Hence, What matters is their passion and whether they were able to specifically answer the questions which pertain to their job and role.

Anyway, this guide should help you zero in on amazing blockchain developers. One final advice. Please do not compromise on the quality of the developers. Furthermore, Always remember that the quality will always trump the quantity.