How Much Does It Cost To Build A Blockchain App?

By Author: Lana Voutik
Total Articles: 29
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Simply put, blockchain is a decentralized network, which is sometimes called “the new Internet”.

However, blockchain has a much greater impact on the world. Let’s look at one of its use cases – cryptocurrency. It has made financial transactions transparent and got rid of additional bank fees. The crypto coins like Bitcoin and Ethereum have revolutionized the traditional economy. Later we are going to answer the one most widespread question – how much does it cost to create cryptocurrency, so if you are into it, keep on reading.

HOW MUCH DOES IT COST TO HIRE A BLOCKCHAIN DEVELOPER?

It’s not an easy task to answer this question straight away. Blockchain and cryptocurrencies are in their infancy, so it is challenging to find the right professionals that can deliver the end product in time.

According to Codementor.io,

there are two types of hourly rates the developers charge – average and median:

– average hourly rates range from $81 up to $100

– median hourly rates range from $61 up to $80

SUMMARY:

Although blockchain was invented in 2008, it has ...
... gained publicity as a technology independent of Bitcoin only recently. Hence, there are not so many commercial companies with substantial experience that can provide you with accurate blockchain app development estimates.

Moreover, the cost of implementing blockchain may vary substantially due to the number of features and factors such as:

The Industry of the application;
The complexity of the project;
The kind of app you are asking for;
Cost of the 3rd party tools used;
Cost of people involved.
The described prices are only the average market estimates.

So, if you want to know the exact cost of your project or idea – contact us and provide your project details. We will make the approximate estimates for free.

Contact: info@quytech.com