Smart contracts are self-executing code on the blockchain that automatically implements the terms of a contract or business logic between participants. It's essentially an unbreakable contract with predetermined terms. Furthermore, smart contracts are deterministic, which implies that given a beginning state/input, the same output will be generated.

The development process is not the only factor that affects expenses. Auditing and testing your smart contract code properly is quite expensive because it needs even more specialised specialist knowledge to detect bugs/faults.

Around $7,000 for a simple smart contract with no complex business logic. Contracts with higher levels of complexity can cost up to $45,000 or more. It's not uncommon for huge companies with specialised knowledge to demand upwards of $100,000. Don't forget to include in the costs of deploying your contract on the main net. The fee is determined on the complexity of your contract.

Smart contracts are self-executing code on the blockchain that automatically implements the terms of a contract or business logic between participants. It's essentially an unbreakable contract with predetermined terms. Furthermore, smart contracts are deterministic, which implies that given a beginning state/input, the same output will be generated. Companies are attracted to these sites for a variety of reasons.

If you want to know how much it will cost to construct a smart contract, I recommend speaking with a subject matter expert from a reputable and experienced blockchain development firm.

Cost Guide by: Smart Contract Development Company USA