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Blockchain has proven itself a disruptive technology that has already changed the course of many industries, including finance, healthcare, entertainment, etc. The unique advantages of decentralization, transparency, and immutability have made it immensely popular among startup owners and investors.
The blockchain technology industry is expected to increase in size 100-fold from 2018 to 163 billion US dollars by 2027. The growing blockchain industry has already been so lucrative to some, that many, many businesses have invested in the field in a bid to cash in on the enormous profits to be made.
If you also plan to invest in the cryptocurrency development market, you will need highly-skilled developers to undertake your project development.
Given the demand for skilled blockchain or cryptocurrency developers, you may find it hard to hire a cryptocurrency developer, however, with the right approach, you can find and hire the best crypto developers for your project without much difficulty.
You might think of hiring freelance developers for your crypto business project in order to save money. Hiring freelancer developers is a highly risky option, the best thing is to hire skilled cryptocurrency developers from an experienced software development company such as DevTeam.Space. We will get to this later.
First, you need to know the general skills requirements for cryptocurrency developers. Please note, your project will have unique requirements, you must define these before you start looking for a crypto engineer.
Cryptocurrency developers need to have the following skills:
Primary Cryptocurrency Developer Skills
Primary skills for proficient cryptocurrency developers include the following:
- Proficiency in programming languages, like C++ and Python, for decentralized application development;
- Knowledge of smart contract development using Solidity programming language based on C++, JavaScript, and Python;
- Expertise in web development technologies, including JavaScript, frameworks such as Angular, node.js for backend development, etc.;
- Knowledge of blockchain development frameworks such as Hyperledger, Ethereum, Corda, etc.;
- Expertise in cryptographic algorithms such as SHA-256 hash function and tools;
- Familiarity with types of blockchain architectures such as public, private, hybrid, and consortium;
- Expertise in cross-platform developments tools like Qt for Bitcoin applications;
- Experience in using blockchain testing tools like Ethereum tester, BitCoinJ, etc.;
- Knowledge of smart contracts development tools like Truffle;
- Knowledge of blockchain review tools like Ganache;
- Experience using multiple blockchain tools to ease development, such as Remix Ethereum IDE, MetaMask ETH cryptocurrency wallet, Web3.js libraries, etc.
- Knowledge of DevOps practices, like continuous testing, continuous delivery, application monitoring, manual task automation, etc.,
- Expertise in using DevOps tools, like Jenkins, GitHub, etc.;
- Understanding of the software development lifecycle;
- Experience in agile development and using agile methodologies like Scrum, Kanban, etc.
Other Software Development Skills
Cryptocurrency developers should have the following additional skills too:
1. Application Security Skills
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You need cryptocurrency developers experienced in developing secure decentralized applications. They should be able to implement security measures at the application and network levels via SSL/TLS, electronic signatures, asymmetric encryption, etc.
2. Understanding of Cryptocurrency Frameworks
You need to hire developers with a thorough understanding of cryptography frameworks and blockchain protocols. You should look for developers with experience in multiple frameworks, crypto trading, and crypto mining. Developers with extensive blockchain development experience will be able to help you create cryptocurrency applications successfully on your selected blockchain network.
3. API Development Skills
Look for cryptocurrency developers experts in secure API development ad integration. These developers should be familiar with REST API architecture and OpenAPI standard format. They need to be experienced in using API development and testing tools like Swagger Hub.
Your developers should be also familiar with available APIs to accelerate cryptocurrency development. For example, your developers can use CryptoCompare API to access crypto data, BLOX API to integrate with multiple exchange providers, Cryptfolio API for cryptocurrency accounting, etc.
4. Knowledge of Cloud Computing Frameworks
You will require developers proficient in cloud computing technologies, including Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service, and Blockchain-as-a-Service. For example, your cryptocurrency developers might decide to use Amazon Managed Blockchain, Amazon Quantum Ledger Database, AWS EC2, etc., to efficiently build and host your blockchain application.
5. Code Review Skills
Your project will require developers experienced enough to perform extensive code reviews. Senior developers most often perform code reviews to detect issues and bugs. You will need some on your team. You will also need expert blockchain developers to perform smart contract audits.
As smart contracts cannot be modified after deployment, you need expert developers to make sure smart contracts meet all the requirements and are error-free. The price for mistakes is high in the blockchain ecosystem.
6. Good Communication and Team Skills
Good blockchain developers also require effective interpersonal skills. Some soft skills for cryptocurrency developers are as follows:
- Communication: Cryptocurrency developers work with complex blockchain technologies and advanced mathematical concepts. Good verbal and written skills are necessary to communicate ideas and solutions clearly to other team members, stakeholders, and end-users.
- Passion for Excellence: You need developers motivated to develop a robust, secure, and feature-rich cryptocurrency application. Your developers should be passionate about building next-level decentralized applications.
- Team Work: Look for developers ready to collaborate with other developers to ensure they build a successful crypto software solution.
How to Find the Best Cryptocurrency Developers?
Now you have an idea of the skills required of cryptocurrency developers, you can go ahead and hire them. Hiring the best crypto developers will involve the following steps:
1. Decide the right kind of platform to hire cryptocurrency developers.
You might have thought about hiring cryptocurrency developers from freelance platforms. Freelance platforms host lots of different software developers with varied skills and expertise. However, the freelance space is very saturated. There is no effective screening process to ensure the credibility of freelancers’ expertise. You could have a hard time finding developers with the required skills, as freelance companies do not offer any assistance in this regard.
Freelance developers work on multiple projects simultaneously and take up freelance development projects on a part-time basis. There is a high chance these freelancers do not have sufficient bandwidth to jump to it when you might need extra or dedicated work to complete your complex cryptocurrency project. Moreover, project management is difficult with freelancers as they are dispersed in different locations around the globe and come with no management help.
Given the drawbacks of working with freelance developers for a complex cryptocurrency project, we suggest you partner with a credible software development company like DevTeamSpace that outsource their developers to companies such as yours.
Hire expert cryptocurrency developers for your next project
1,200 top developers
us since 2016
All DevTeam.Space developers are vetted for their software development skills and expertise in niche technologies such as blockchain and cryptocurrency. You can rest assured that you will only have highly-skilled developers working on your software product.
All our developers are managed by an account manager, who is a senior developer with lots of experience in developing similar software solutions within your industry. Moreover, all developers are trained to follow an AI-powered agile process that will help you a great deal in overall project management, including task assignments, progress updates, communicating with all the developers working on your project, etc.
We also sign an NDA with our onboarding clients to uphold security and confidentiality requirements. For a complex cryptocurrency project, hire motivated and top-quality software developers from DevTeamSpace.
2. Interview the shortlisted cryptocurrency developers.
You have finalized the hiring platform, posted your developer’s requirements, and received several developers’ profiles. Next, you need to shortlist candidates based on your project’s specific skills requirements and call them for an interview.
You can search for cryptocurrency interview questions on the internet if you don’t have any. You can also ask for help from your colleagues who have experience with cryptocurrency developer interviews. Alternatively, you can hire an expert to help you.
Note: You won’t need to focus much in the way of attention on this step if you outsource from a software development company as they have already vetted their employees.
You need to assess the technical knowledge and hands-on development experience of your shortlisted developers. You should ask them questions beyond theoretical concepts and discuss relevant projects they have worked on in the past. You should talk about your cryptocurrency project and ask how they would handle various project aspects such as security, development tools, etc.
3. Provide detailed information about your cryptocurrency development project.
After you have hired your required developers, you can start the onboarding process. A smooth onboarding process will help your developers quickly and effectively get up to speed and start contributing to the project’s success.
You should set up meetings with your new developers and existing team members. You also need to explain your cryptocurrency project in detail to new developers, including the project goals and objectives.
You will need to provide them access to the project documentation and code repositories. Discuss with them your project plan, including deliverables and milestones. Assign them their tasks and establish accountability.
Tips to Hire Cryptocurrency Developers
Some tips to remember when you hire cryptocurrency developers are as follows:
1. Look for a competent team lead when hiring remote cryptocurrency developers.
Remote hiring offers various benefits. You get access to a global talent pool. You can hire expert developers without needing to compromise on skills, something which is often the case when hiring from a small, local talent pool. Also, developers are easy to onboard and offload while there are no office setup and management expenses.
However, remote team management can be hard given there is no in-person interaction. We suggest you hire an experienced team leader to assist you in project management if you do not already have one. The team lead will be in charge of managing them including mentoring them when the need arises.
2. Hire developers with a range of experience and expertise.
Hire expert cryptocurrency developers for your next project
There are lots of junior and mid-level developers available in the remote market. You might think they are enough to build your crypto product, but you cannot risk hiring inexperienced developers for something as precise as a blockchain project.
You need senior developers on your team. Experienced developers would help you adopt the right development approach and help manage any junior-level developers. Senior developers cost more than junior or mid-level developers, however, they have the skills to build better applications and ensure the code written by all team members is as good as it must be.
3. Look for flexible hiring models.
You will likely require to outsource developers from software development companies that offer flexible hiring models. Fixed-cost price models work better for simple software app development projects. Your cryptocurrency project is likely to be a complex project, heavily dependent on external factors such as finance industry standards and government regulations. You need a flexible model, such as a time-and-materials model, to easily scale up and down your developers’ team according to the project requirements.
Example Coding Interview Questions to Ask Cryptocurrency Developers
1. What are some cryptography algorithms used in blockchain development?
Some extensively used cryptography algorithms include the following:
- SHA-256;
- RSA;
- Triple DES;
- Ethash, etc.
2. What programming languages and technical skills do you possess, and how have you utilized them in your previous cryptocurrency projects?
As a cryptocurrency developer, proficiency in programming languages such as Python, C++, and Solidity, as well as experience with blockchain technology, smart contracts, and decentralized applications is essential. By asking this question, you can assess the candidate’s technical skills and experience and determine if they are a good fit for your organization.
3. Can you walk me through a complex cryptocurrency project that you worked on, and how you contributed to its success?
This question can help you understand the candidate’s problem-solving skills, their ability to work on complex projects, and their role in contributing to the success of a cryptocurrency project. It can also provide insight into their experience with cryptocurrency development and their ability to work collaboratively with other developers.
Submit a Project with Zero Risk
Blockchain-based cryptocurrency projects can be complex. You need top cryptocurrency developers to undertake your crypto development project successfully. Why hire anything but the best cryptocurrency developers from an expert blockchain development company?
DevTeam.Space is a community of field-expert software developers. All our developers are vetted for their exceptional skills in cutting-edge technologies, including blockchain solutions. You can easily hire our high-quality and motivated developers for your crypto coin development projects.
You can send us your initial project specifications via this quick form, and one of our account managers will get in touch with you to discuss further details on how we can help you build market-leading blockchain applications.
