Top cities in America for Blockchain Professionalsby Alicia Adley Blockchain Council
Bitcoin is increasing in popularity. However, despite the fact that individual Bitcoins are worth substantially less than they were two years ago when we first started looking into the cryptocurrency business, the amount of jobs accessible and the general public's knowledge is growing.
Cryptocurrencies function on the blockchain, which is a decentralised system that relies on crowdsourcing communities to build a public database of transactions. Bitcoin's skyrocketing value may be attributed in part to the interest shown by tech giants in cryptocurrencies. As a consequence of Facebook's debut of Libra and Google's thinking of joining the banking industry, people are being reminded of the original cryptocurrency.
As well as the potential for profiting from cryptocurrency speculation, there is also a developing industry and a variety of positions available inside firms that specialise in bitcoin, all of which offer competitive Blockchain Developer Salary.
San Francisco just edged out New York for the top place on the list, which was released on Tuesday. Despite having much fewer job openings than New York City, the city led almost every other category, including the top blockchain companies, blockchain startups, and crypto/blockchain investment funds, among others. It also had a thriving employment market in the general sense.
San Francisco is home to prominent cryptocurrency exchange Coinbase, cryptocurrency and payment systems Ripple and Tezos, as well as several very established crypto hedge funds, according to the report.
New York City
Despite finishing in second place, New York is much ahead of Chicago in terms of overall ranking. Despite the fact that New York has more than twice the number of blockchain job openings as any other city, it is only second to San Francisco in terms of the number of blockchain firms and funds in the city.
In addition to a large number of cryptocurrency hedge funds and venture capital firms, as well as banks like JP Morgan, which are beginning to deploy blockchain-based payment systems. Chainalysis, a Bitcoin fraud and money laundering detection programme, is based in New York, as is a large number of cryptocurrency hedge funds and venture capital firms, as well as banks like JP Morgan.
When it came to the third spot, Chicago and Los Angeles were neck and neck, but Chicago triumphed owing to the significant concentration of blockchain enterprises in the city. The report noted that, despite the fact that major commodities and stock exchanges are located in Chicago, the city is now seeking clarity from the SEC and other authorities on the feasibility of exchange-traded funds and products connected to bitcoin. Chicago, on the other hand, is expected to attract a greater number of crypto trading funds in the future.
Los Angeles (California)
Although there aren't many established blockchain businesses in Los Angeles, there are a slew of new ones springing up all over the place. A considerable number of prestigious universities with excellent computer science and technology departments, according to the findings of the study, are located inside the city limits.
Because of its proximity to prestigious universities such as Harvard and MIT, Boston, like Los Angeles, has a large and highly sought-after talent pool that will continue to attract entrepreneurs to the city. It has long been known as a hotspot for technology businesses and venture capital in the United States, according to the study.
Bringing everything to a close
Bitcoin has made significant inroads since the first block was generated in 2009. The rapid acceptance of virtual currencies shows that they are here to stay. While it is obvious that major financial centers throughout the world have adopted bitcoin, it is remarkable that smaller communities have done so as well. If you have ever caught yourself wondering how to learn blockchain, consider enrolling in a blockchain certification course now.
Created on Dec 27th 2021 06:19. Viewed 164 times.