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With the onset of the digitalization era, many people believe that bitcoins and other cryptocurrencies are the future of digital currency. This motivated lakhs of people to invest in them. Another fact is that they are faster than any other currency and provided a low fee payment system across the earth. Do you see a fruitful career in cryptocurrency? If not, then this blog might assist you to generate a determination.
What is cryptocurrency?
With its foundation laid in blockchain technology, cryptocurrency is a digital currency with no physical existence. Like paper money, this currency allows you to buy services and commodities and trade for earning profits. It is quite attractive to humans as the track of cryptocurrencies can be managed without any bank or government interference because it works with decentralised blockchain technology.
How does cryptocurrency works?
The transactions through cryptocurrencies are recorded in a public ledger called Blockchain but the names of buyers and sellers are not unveiled. Every transaction gets recorded by their wallet ID. It is one of the reasons for the popularity of this currency. Cryptocurrencies exist only in our digital records and nobody can steal them from us until we trade them. The blockchain system of recording the transactions is independent of any other control.
Bitcoins are the first and most popular type of cryptocurrency in the world. It is a digital currency used to make immediate payments. It is the largest cryptocurrency in terms of market capitalization that has no physical existence. They were launched in 2009. It is accessible for everyone to use and provides enticing opportunities to delve into the capital market.
Among the 10,000 cryptocurrencies traded in the world, the following are the largest cryptocurrencies along with their market capitalization values are given below:
Bitcoin – $653 billion
Ethereum – $263 billion
Tether – $62 billion
Binance Coin – $46 billion
Cardano – $44 billion
Dogecoin – $33 billion
XRP – $32 billion
USD Coin – $25 billion
Polkadot – $15 billion
Uniswap – $11 billion
Careers in cryptocurrency
According to some trade analysts, the jobs in cryptocurrency are on the verge of expansion due to the popularity of bitcoins and their wide range of perks. It is analysed that the jobs mentioning keywords such as ‘Blockchain’, ‘Bitcoin’ and ‘Cryptocurrency’ have increased over 194% in the previous 5 years. After finishing a course in cryptocurrency, you will augment a deeper knowledge of blockchain technology and how these digital currencies work. Then, you will be open to several jobs in these fields:
Blockchain Solution Architect
The crypto industry has its own glamour and incentives which attracts millions of people every year to begin their careers. As per some reliable industry sources, entry-level jobs in this industry can earn up to 9.5 lakhs per annum. And with a middle level of experience, the salary can go as high as 20 lakhs per annum. With the increase in experience years, the salary will also go as high as possible. Ṭhe figures are very high because of the shortage of talents in this industry while there is huge money and growth out there in this field.