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BitGo | Palo Alto, CA, United States | $45k - $105k | |||
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Unit 410 | Austin, TX, United States |
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Sperax | New York, NY, United States | $84k - $110k |
This job is closed
BitGo is the leader in digital asset financial services, providing institutional investors with custody liquidity, and security solutions. Active in both centralized and decentralized finance, BitGo offers market leading trading, lending, and borrowing services through our prime brokerage services and acts as the custodian for WBTC. In 2020, BitGo launched BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, we launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes approximately 20% of all global Bitcoin transactions, and supports over 400 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.
BitGo is looking for an experienced Director of Engineering who will lead our Blockchain Engineering division to connect L1 and L2 blockchains to the BitGo ecosystem, and develop chain-specific functionality for BitGo products. This is not a hands-on coding role, but the Director of Engineering is expected to be closely involved technically in the work of the team.
Responsibilities:
- Be accountable for increasing BitGo’s support of a diversity of L1 and L2 blockchains.
- Incubate new blockchain-specific products.
- Collaborate with Product, Marketing, Sales, and other key stakeholders to set the product and technical vision and roadmap for Blockchain Engineering, and to successfully execute against the same.
- Coach engineering managers to grow the next generation of senior engineering leaders at BitGo.
- Actively foster an engineering-wide culture that embodies our values of open communication, collaboration, accountability, craftsmanship, and a client first approach.
Required Skills & Experience:
- 14+ years of professional experience in software engineering, 6+ years in a managerial role, 2+ years in a role leading managers.
- Experience in crypto, professional or personal, or an interest in the same.
- Experience successfully onboarding onto a new organization as a manager or director.
- Track record of sourcing and hiring top engineering talent, including managerial talent.
- Proven success leading multi-team programs.
- Demonstrated history of collaborating with product on setting a product roadmap.
- Strong stakeholder management skills, particularly working with business stakeholders.
- Engineering degree in Computer Science or equivalent.
- Strong written and verbal communication skills.
Why Join BitGo?
Disrupting an industry takes vision, innovation, passion, technical chops, drive to deliver, collaboration, and execution. Join a team of great people who strive for excellence and personify our corporate values of open communication, collaboration, accountability, craftsmanship, and a client first approach. We are looking for new colleagues who bring innovative ways of thinking and problem solving, and who want to be part of the team that changes the world’s financial markets.
Here are some of the benefits* of working at BitGo:
- Competitive base salary, bonus and stock options
- 100% company paid health insurance for employee, partner and dependents
- 4% 401k company match
- Paid parental leave, paid vacation
- Free commute and parking pass; 5 min from Caltrain
- Free custom lunches, dinners and snacks
- Computer equipment and workplace furniture to suit your needs
- Great colleagues and inspiring startup environment
*Benefits vary based on location
Cryptocurrencies are the most disruptive change the financial services industry has seen in years. Join us and you’ll be able to look back and say you were part of the team that transformed finance.
What is the meaning of Layer 2?
Layer 2 in the context of cryptocurrency and blockchain technology refers to a secondary framework or protocol that is built on top of an existing blockchain system (the main chain or Layer 1)
The primary purpose of Layer 2 solutions is to solve the scalability and speed issues that many blockchains face, especially those that have become popular and heavily used, like Ethereum
Here are the key aspects of Layer 2 solutions:
- Scalability Enhancement: They help in scaling the main blockchain by handling transactions off the main chain. This reduces the burden on the main chain, allowing for faster and cheaper transactions.
- Types of Layer 2 Solutions: There are various forms of Layer 2 solutions, including state channels, sidechains, plasma chains, and rollups. Each has its own mechanism for interacting with the main chain and handling transactions.
- State Channels: These involve two parties engaging in numerous transactions outside of the main chain, which are then consolidated into a single transaction. This is especially useful for situations where multiple transactions occur between the same parties.
- Sidechains: These are separate blockchains that are connected to the main chain via a two-way peg. They operate independently and can have their own consensus mechanisms but are secured by the main chain.
- Plasma Chains: Plasma chains are similar to sidechains but with a more hierarchical structure. They report back to the main chain regularly and are optimized for mass transaction handling.
- Rollups: Rollups process and store transaction data on a sidechain but post transaction data to the main chain. They come in two varieties: optimistic rollups and zk-rollups, each with its own method of transaction verification.
- Security Considerations: While Layer 2 solutions are generally secure, they can have different security models compared to the main chain. This is an important consideration for users and developers.
- Impact on User Experience: For end-users, Layer 2 solutions can greatly improve the experience by reducing transaction fees and increasing transaction speeds.
- Adoption and Development: Many blockchain projects are actively developing Layer 2 solutions to enhance their networks. This is an ongoing area of innovation in the blockchain space.