ConsenSys Confirms 'Vast Expansion' of Blockchain Industry

The developers at ConsenSys, a Brooklyn, New York-based organization focused on Ethereum-related development, have published a blog post in which they revealed that the nascent blockchain ecosystem “continues to see vast expansion all over the world.”

According to ConsenSys’ management, the evolving distributed ledger technology (DLT) industry needs business development and project managers, UI/UX designers, software architects, and adequate capital allocation.

Large blockchain-focused enterprises and major DLT-based infrastructural projects have now been launched as the crypto industry continues to grow, ConsenSys’ blog post noted. Crypto startups have also “grown into formidable businesses” with “growing hiring needs”, the ConsenSys team revealed.

“Need for Thousands of Non-Tech Roles”

In order to help blockchain job seekers get started, the ConsenSys team has compiled a handy “knowledge checklist”, links to useful DLT-related information, “learning hubs”, and other pertinent resources.

Per the developers at ConsenSys: 

It’s not all cryptography and distributed systems, there’s a need for thousands of non-technical roles ranging from publicists to content creators, community managers and admin positions.

However, the majority of blockchain-related jobs require skilled developers and the need for experienced software architects “continues to be the area of most demand”, ConsenSys’ report confirmed.

LinkedIn: “33x Increase” in Demand for DLT Software Architects

Notably, blockchain developers topped the global list for job roles with the highest overall growth. This, according to LinkedIn’s 2018 U.S. Emerging Jobs Report which revealed that the demand for DLT software architects “grew 33x over the previous year.”

As detailed in LinkedIn’s market research report, fintech firms and other organizations currently looking for blockchain developers “range from small remote teams to VC-funded startups to industry leaders and tech giants.”

Established multinational IT and professional services firms such as Ernst & Young, Deloitte, Oracle, IBM, and Microsoft are all expanding their respective DLT-focused development teams. Meanwhile, smaller startups including the developers of the Marconi protocol are looking to enhance blockchain network security, privacy, and connectivity.

Blockchain Devs Are Making up to $175,000 per Year

As noted in ConsenSys’ blog, “advertised blockchain developer salaries — using aggregated data from CNBC, Janco Associates, and Burning Glass — range from $125,000 — $175,000.”

Meanwhile, AngelList data shows that salaries for tech jobs in the DLT industry “outweigh equivalent roles in non-blockchain organizations, highlighting the high demand for practical blockchain knowledge already.” Moreover, non-technical roles in the blockchain sector “also outrank similar roles in non-blockchain companies,” market data shows.

Tether Has Backlisted a Total of 39 Ethereum Addresses Holding USDt

Ther, the issuer of the leading stablecoin USDt, has already blacklisted 39 Ethereum addresses holding the stablecoin since November 2017.

According to Philippe Castonguay, an Ethereum researcher at Horizon Games, 24 of the 39 addresses identified were blacklisted this year. Castonguay created a dashboard on Dune Analytics that shows the addresses that Tether blacklisted.

When an address is blacklisted it can no longer send, receive, or redeem USDt tokens, which essentially means the tokens held in the address become unusable. The addresses that Tether blacklisted over time have millions worth of USDt in them combined, with the latest one having nearly $1 million worth of tokens in it.

The address, according to Etherscan data, received a938,965 USDt tokens from Binance 26 days ago, before it was blacklisted by Tether. The owner of the address appears to have tried to move the funds the next day, but the transaction was reverted.

Most of the blacklisted addresses appear to have less than $100 worth of USDt tokens in them, while the address with the largest amount appears to be 0x5c27cc68fe01a3994807b60a6c81d8ba638b4ba1 with a total of 4.56 million UISDt in it. Notably, the address also has 330,000 BUSD tokens in it, and 13,500 ETH.

While it isn’t clear who owns the address, the funds it received appear to have come from an address that originally got the cryptocurrency holdings by withdrawing funds from Binance. Most addresses Tether likely blacklisted most address in the list -if not all – responding to requests from law enforcement.

As CryptoGlobe reported, the CENTRE Consortium recently backlisted its first USDC address on the Ethereum network, responding to a request from authorities. On its website, Circle notes an address may be blacklisted when there is a potential security breach or a threat to the network itself, or to “comply with a law, regulation or legal order from a duly recognized U.S. authorized authority, U.S. court of competent jurisdiction or other governmental authority with jurisdiction over CENTRE.”

Featured image via Pixabay.