The demand for blockchain talent is high, and among the ICO craze of late 2017, led to lucrative salary offerings for developers well-versed in the art of smart contract builds and implementing open-source frameworks like Hyperledger.
The market for blockchain talent has shifted since then, however. With ICO funding declining, talent is gravitating towards more established firms, like IBM. In addition, companies like Facebook and Circle are making the plunge into cryptocurrencies, with their looming impacts set to unfold over the next several years.
However, one project has quietly, and consistently, been pulling talent away from even the tech giants – Algorand.
Attracting Top Talent
A pure proof-of-stake [PoS] blockchain network, Algorand grabbed headlines in 2017 when MIT professor and cryptography pioneer, Silvio Micali, announced the permission-less blockchain platform.
Algorand focuses on providing the blockchain-based infrastructure for the “border-less economy,” and has integrated some innovative cryptographic primitives to reconcile the blockchain trilemma problem of permission-less networks. Micali made waves in April 2017 at the Financial Cryptography and Data Security conference in Malta when he sparked debate about the role of incentives in a public blockchain’s consensus – raising speculative interest in the launch of Algorand.
Algorand went on to open its public test-net roughly 2 years later, after netting a reported $66 million in funding throughout 2018 and quietly accumulating high-profile talent in computer science, distributed systems, game theory, and more.
For example, lead development talent on IBM’s Blockchain team – which filed 89 blockchain patents in 2018 – recently jumped ship to Algorand. Similarly, Algorand just announced the on-boarding of Greg Golvin, colloquially known as the “Gandalf of Ethereum” for his contributions to the optimization of the Ethereum Virtual Machine.