Ethereum development is a core function of Blockchain programming, and both techniques can be used together interchangeably. It is a method of decentralizing functions in a Blockchain application, keeping them running concurrently, but independently. A good Ethereum developer has various beliefs and ethics which are essential to understanding the processes involved in Ethereum development.
The technique is built on the concept of decentralization and is defined as a decentralized platform which runs in a manner that eliminates any third party interference, fraud or removal and alteration of data or currency. These applications are executed on a shared infrastructure that can move items representing values and ownership of property.
Ethereum uses two protocols when mining cryptocurrencies; that is proof of work and proof of stake. The difference lies in their application, proof-of-work involving the solving of puzzles using specialized hardware. Proof-of-stake being a newer protocol consists in using an algorithm (the Casper Consensus Algorithm) to place ‘bets’ on blocks that you wish to mine. These blocks will be analyzed, and if the one you chose gets appended, you get awarded according to the amount you have invested. An advantage of this method is the low energy consumption costs involved. This is because the whole procedure is virtualized; hence no need for sophisticated dedicated hardware to do all the calculations. Another advantage is it is much secure than other techniques as its algorithm makes it very hard to penetrate and manipulate information.
Ethereum proves the immense capabilities of the bitcoin and the Blockchain technology if applied correctly in today’s world. It correlates with these technologies seamlessly to forge a frontier that few have reached. It is fast gaining popularity; and like Blockchain development, it has its crop of developers who have their own needs.
Thus, finding and retaining a good Ethereum developer should be based on the criteria below.
Belief in Decentralization
A good Ethereum developer has a firm conviction that decentralization is the core concept of any particular situation. They understand that to achieve some sense of achievement in any aspect of life, any situation or condition must first get decentralized. This will help in attaining the objective much faster with maximum security during operations. This belief forms the core concept of Ethereum development as the framework is built on features used to create independent applications.
Knowledge of Economics
The framework that is Ethereum is created to manage currency, and as such, a good developer should have a solid understanding of all major concepts in economics. This base is essential as it is applicable in creating applications used to convey data of monetary value using various channels.
Knowledge of Cryptography
Cryptography, being the science of deciphering data to obtain meaningful information is an essential aspect of Ethereum development, and any good developer should have a complete mastery of this concept if they are to be involved in any meaningful Ethereum projects.
Desire to learn
Good Ethereum developers have an insatiable appetite for knowledge and will scour every nook and cranny for ideas on how to tackle specific problems that may arise during a project. They will seek for the latest trends in the technology in Ethereum development so that they can apply it in their coding. Working tirelessly to keep abreast of the pack using all the tools available to them, they will ask questions in forums and take a keen interest in what solutions are available to them.
In a nutshell, Ethereum development is the technology of the future and finding a good developer who truly understands the science requires you to take note of the above features.