Salaries of blockchain programmers increased over the past year | CryptoNews


The price of bitcoin dropped significantly during the second half of 2018. However, during those months, decentralized cryptomedric system developers, known as blockchain, have increased their average revenue by more than $ 14,000.

According to a survey conducted by consulting firm Janco Associates, the average annual income of a programmer related to Bitcoins is $ 132,000. This reflects an increase in the average yield of the first half of 2018, which was US $ 119,000.

That $ 132,000 means a monthly average of $ 11,000 for a decentralized systems programmer. The value of the annual salary of those Experienced developers reach $ 176,000, according to the report reviewed by the technology magazine ComputerWorld.

However, according to Janco CEO Victor Janulaitis, "loses the increase at all levels for all the blockchain papers" that the consulting firm has researched. Janco Associates is a company that specializes in the ranking of salaries among the different technological sectors, so his study says that the programmers of the cryptomoeda system are among the highest paid in the computer industry.

Janulaitis warns that the nature of the increases is "defensive". Since 2017, there has been an increase in jobs available to the cryptomoeda technology industry, so CEO Janco says that technology directors (CTOs) of companies "do not want to lose the talent they have." As a result, he explains, "compensation for these positions has increased."

Despite the efforts, Janulaitis interviews with different technology directors in the technology sector in December 2018 reflect, like the report, that evasion rates are the highest in recent years.

Changes in the ecosystem

Desertion of work is not necessarily linked to the abandonment of the development of cryptomedical systems. A study by the McKinsey consultant, entitled Blockchain's Occam Problem, explains that companies are reorienting their business strategies in implementing the blockchain, seeking greater benefits for their investment and abandoning the belief that blockchain is the cure for all ills.

Raising labor and refocus respond to growth among educational developers. In fact, a Coinbase study found that 21 of the top 50 universities in the world offer at least one academic course related to cryptoactives, with the United States having the most courses.

Featured picture by oatawa /


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