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| Job Position | Company | Posted | Location | Salary | Tags |
|---|---|---|---|---|---|
Midpoint Labs | San Francisco, CA, United States | $72k - $82k | |||
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Midpoint Labs
$72k - $82k estimated
This job is closed
Software Engineer
San Francisco /
Engineering /
Full-Time
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At Midpoint Labs, our mission is to build the portal between the rich ecosystem of Web 2 endpoints and the emerging landscape of Web 3 applications. Blockchain smart contracts are inherently restricted to communicating exclusively with other smart contracts - preventing developers from building applications beyond moving and exchanging crypto assets. True consumer and enterprise applications need to interact with a variety of services, most of which live off of the blockchain.
As a Software Engineer you will be responsible for the design and development of our backend infrastructure that handles customer requests for data, delegates/routes API calls, securely stores customer-sensitive data, and queues responses to be submitted back to our users. You will work alongside our founding software engineers and own major features from design to deployment. You will be responsible for the development and maintenance of systems that will be core components of our customer’s infrastructure. We want someone who is comfortable in a role that has the responsibility of defining large technical components of a new product.
Why work at Midpoint Labs?
- Our entire team is technical. The blockchain space is still nascent and to build something meaningful today you need a technical team and leadership that understands blockchain at a protocol level. No more explaining what can and can’t be done in a smart contract to non-technical PMs and execs.
- Our founding team is experienced. Our founder left school in 2019 to grow a hardware/computer-vision startup from tinkering in a Stanford dorm room to a $240M business with hardware deployed across the country. We understand how to start and grow a company and intend to use those lessons to grow quickly.
- We are venture-backed and we work in-office. We are fully venture-backed with $3M in capital and are deploying it to build a strong engineering team. Working out of out office in San Francisco provides for rapid communication and development that is necessary to get a product from zero to one. No more developing on discord or waiting to hear back on grant funding.
- We are a blockchain infrastructure company, not a cryptocurrency company. In order to build a sustainable business, you need to provide a service with a recurring source of revenue. Too many companies in the blockchain space instead opt for business models based on price speculation. We understand that this works in a bull market but does not work in the long-run.
Experience
- 3+ years of industry software engineering experience (any kind of role).
- Expert-level knowledge of one or more of the following: Databases, ELD Pipelines, Serverless Architecture, Security, Web Hosting, Networking, Reliability Engineering, Data Engineering.
- Experience working on customer-facing products with high requirements for uptime and stability.
- Experience in a role with significant oversight over the design of a core technical component.
- Degree in Computer Science, Math, or a related technical field.
- (Optional) Experience with Ethereum smart contract development.
- (Optional) High-level understanding of core blockchain principles (ex. EVM client, oracles, consensus mechanisms, layer 2 solutions).
- (Optional) Experience as a decentralized node operator (ex. Bitcoin/Ethereum miner/validator).
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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.