How much do blockchain developers make starting pay

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  • Blockchain salaries have risen to be among the highest in the tech industry.
  • Blockchain Developer Salaries
  • Blockchain Developer Salary In India 2020 Per Month
  • Areas where the introduction of blockchain technology is a matter of life
  • Blockchain salaries have risen to be among the highest in the tech industry.

    These estimates do not factor in variable compensation, such as equity, signing bonus or any perks a company may offer. The data also showed that the highest paid salaries are found in New York and San Francisco. This is also where the majority of blockchain jobs are found.

    You can explore salary ranges for all job titles listed in this article by clicking here. We have provided these salary estimates to help you know your worth so you can make more informed career decisions. But this is also an initiative to bring transparency into the blockchain industry and help create pay equity in the workplace. The dataset used to estimate average base salaries is limited, but this starts the conversation.

    The cryptocurrency is called utility settlement coin. Its commercial use began in and has received the most positive responses over the past six months. Areas where the introduction of blockchain technology is a matter of life.

    Here are just a few areas for which the blockchain technology is viewed by the world community as a vital necessity this list can be continued, but the most important ones are listed here :. Banking and stock market. The implementation of the blockchain will allow you to safely store data, detect fraudulent schemes in advance, make financial transactions without arbitrators, increase transaction speed and reduce commissions.

    Logistics and supply. The introduction of the blockchain will provide an opportunity to track the entire path of the parcels, which reduces the possibility of cargo loss. The introduction of smart contracts that unfold automatically upon the occurrence of the insurance condition. This will increase returns in this area. Blockchain technology reduces the costs of reports and infrastructure so that even small owners of solar panels will be able to sell their electricity very profitably. Who is a blockchain developer?

    From the very beginning of the development of trade, people registered exchanges of various services and goods. Thanks to the digital world evolution, transaction recording has become quite complex. World trade is growing rapidly , creating a network too vulnerable for abuse, error, and fraud. Modern supply chains use intermediaries such as government, banks and dealers, and all to ensure safety and reliability.

    This adds additional costs and therefore increases the cost of the final products. Processes such as smuggling prevent officials from collecting export taxes. This is where blockchain technology can help people solve the problems mentioned above. Due to its unique capabilities, the public blockchain offers transparent transactions resistant to various vulnerabilities.

    They are able to create a system that provides secure and synchronized records of information. This is due to the fact that many people still do not realize how the blockchain works; they consider bitcoin developers to be very smart people.

    Let's find out what these people actually do. Bitcoin was invented 10 years ago, but the development of blockchain innovations has only just reached the level of fever over the last couple of years, especially after the launch of Ethereum in Most of the progressive companies and ideas in the blockchain industry were built on Ethereum, despite the fact that this technology is still very immature.

    In spite of this, if you start to develop in this branch of information technology, in a few years you can really become a world-class expert. New innovations in the blockchain sphere are not so complicated, so if you start now , in the future you will be able to earn big money. What skills in the blockchain industry are in demand? Nevertheless, blockchain is a wide area where a large range of skills is needed, allowing one to be considered a successful developer.

    According to Toptal, most companies are looking for employees who understand the three core competencies. The first skill is the implementation of a modular architecture in blockchain based on Hyperledger Fabric.

    The second is the Ripple technology development skill. And the third is the development of smart contracts with Solidity. However, since the blockchain industry is an evolving field, it is difficult to find experienced developers of blockchain technologies, which is why companies are most often looking for software developers without prior experience with blockchain technologies, but with a set of desired skills that will help them quickly master the new field of information technology.

    The difference in professionalism between blockchain developers. Like any other new technology, blockchain has added a list of new professions to the IT world. At least three new and major specialties should be distinguished:. If to compare, the blockchain engineer is similar to the Linux developer. Blockchain developer - a person who must have experience in creating mobile and web applications. Smart Contract Developer - expert developing intelligent contracts.

    This profession is analogous to a professional in the field of web development JavaScript or Python. Projects like this will imbibe this technology deep into our lifestyle soon. Not just the corporate but also the governments have started considering its adoption now. Countries like Georgia, Sweden are now testing blockchain as a means for registration of land.

    Besides all this, the slew of crypto-based crowdfunding campaigns has contributed greatly to making this technology popular. It has also materialized many business ideas which were considered unfathomable before the onset of this technology.

    The pace at which blockchain is being introduced into different domains clearly indicates that it would become a great contributor in the digital economy as well. And it was for those whose proficiency level was mediocre, if you are good, you can make much more than this. Other than that, the geography also plays a role as developers belonging to different countries have different charges. You will find developers charging this much in countries like Poland, Ukraine or Bulgaria.

    You may have to compromise a little on the quality of coding but the price is a big factor which draws the attention of entrepreneurs. And you can also find freelancers who charge even lower than the companies.

    If you have sufficient time to monitor the progress of your project, this option would be best for you. With the advent of blockchain technology, many things are changing now. The companies are also prone to hiring more female development to bring a greater level of management and compliance in the process.

    However, it is not very easy to find female blockchain developers when their overall headcount is lesser than required. Finding a female developer and hiring will take more time and resources as well. The propensity of women towards technology has also grown in the past few years and we can see more of them in this booming industry. Though small in number, but female developers do exist and their contribution is increasing rapidly so does the demand.

    It may take you some time but you would be eventually successful in finding one. There is no platform dedicated to women developers only. You need to have a sweeping approach for finding them with communities and social media. Most of the blockchain developers who are experts on this domain have already earned a significant amount of money. Therefore, what they look for now is a challenge and not money. We are not making it up, it is true and you might even come across such a developer.

    If your project is truly groundbreaking, you might be able to get a talented developer who would be willing to work for you at a lesser payment. Blockchain is a technology which has drawn quite an attention in the last few years after the price of Bitcoin went all-time high. Things like smart contracts and decentralized apps are now becoming a part of every industry and changing the way we have been dealing with currency and everything else. As a fintech solution, it has been lauded from the experts worldwide.

    It reduces the time of transaction and brings more transparency with peer-to-peer architecture. It decimates the third-party intervention and makes every transaction absolutely anonymous. They also have the ability to transform the traditional economy and make it much more productive. With this technology, our dependency on banks come to an end and we become the sole owner of our money. Currently, cryptocurrency is mostly associated with the crypto market because of its limited implementation.

    But it is gradually becoming a part of every business with its by-products such as trading platforms, cryptocurrency wallets, etc. The blockchain-based applications and websites are also becoming a part of every domain. The best things about this technology are its vast adaptability and flexible structure which makes it affordable to the business of every size and nature. This technology can significantly reduce the cost of your operations and also secure the data in the most robust fashion.

    In this article, we would focus on the following points:. It is very hard to quote an exact price for this service right now and there are many reasons behind this. First of all, blockchain is still considered to be in its initial phase and it has not yet received a plenary approval because of its association with cryptocurrency.

    There are many industries and companies which do not want their operations to run on a decentralized structure.

    How much do blockchain developers make starting pay

    The demand for blockchain talent is still strong. Despite the bear market and recent industry layoffs, the number of blockchain job postings have been on the rise, and searches for roles involving Bitcoin, Ethereum, blockchain and cryptocurrency have increased. Startups are offering top compensation packages, in particular for blockchain developers , as they compete for talent in an industry where supply is limited.

    The demand for blockchain talent has also grown as established companies, such as Amazon, Facebook and IBM, launch new teams to work on blockchain technology, and explore blockchain use cases.

    We looked at all the blockchain jobs that have been listed on Cryptocurrency Jobs to estimate the average base salary for technical and non-technical roles in the blockchain industry across Asia , Canada , Europe , and the U. We created a separate category for remote blockchain jobs. We excluded salary data points that were either a lot lower or higher than expected.

    All average base salaries are listed in U. These estimates do not factor in variable compensation, such as equity, signing bonus or any perks a company may offer. The data also showed that the highest paid salaries are found in New York and San Francisco. This is also where the majority of blockchain jobs are found.

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    Blockchain Developer Salaries

    You much need experience in Javascript and Pay web programming. We will send you only useful content. The most basic skill an expert must starting is in-depth coding knowledge, with a substantial understanding of programming languages developers as How or Javascript. These numbers are given to users only blockchain generalized comparison. Blockchain engineers are the top paid roles make software development, on par with specialists focused on artificial intelligence.

    Blockchain Developer Salary In India 2020 Per Month

    How much do blockchain developers make starting pay

    This figure is based on over 13, individual reportings from the US employees working in the industry. The salaries for this profession grow rapidly together with a demand for top experts in the domain.

    Here is a percentile chart demonstrating the distribution slightly similar to the Glassdoor data. Such a fast rise is connected to the fact that the country has become a central spot for companies launching ICO projects. According to Indeed , as of July, 10, , average blockchain developer wages per year in the Unites States are as follows:.

    With an increased demand in blockchain experts, a lot of computer science students strive for getting employed n this industry. If you wish to create digital currency, write smart contracts and blockchain applications first off, you should have enough knowledge about this innovative stack. You may definitely learn the essentials yourself as a lot of projects are available on GitHub. It is recommended also to take some courses if your are a beginner to cryptocurrency development to get a blockchain certification.

    If we speak about smart contracts on some of the platforms, for example, Etherium, then you will need no basic knowledge. The only thing needed is the skill to google and a little bit of patience. Smart contracts are developed for people who have no knowledge of coding.

    However, if you would like to build blockchain products, you should get strong knowledge of this technology. The most important thing is to understand how the technology works. It is obvious that you can master the blockchain technology yourself as a lot of projects are available on GitHub. The main problem is the time required to obtain enough skills. On the other hand, there are risks that you will just copy the code and never learn coding.

    It is highly recommended to take special courses where you will be able to get the basic skills very quickly. It is also highly recommended to read the White Paper of that cryptocurrency your future project will be based on. As you see, there are no special skills a developer must obtain to handle ICO, crypto-based projects, exchanges, etc.

    What is actually required is the strong desire to learn and practice P2P essentials. Our developers are qualified in building sophisticated peer-to-peer networks and blockchain-based projects. The solutions we offer are secure and scalable so that you can rest assured that your project will be flexible to any changes and requirements.

    Should you have any questions about our stack feel free to check it out on our website or ask our Blockchain Team. We use the most innovative technologies in our stack to deliver the state-of-the-art solutions to our customers.

    The major benefit of cooperation with our experts is that all of them have strong background in fintech sphere. We are focused on applying the latest approaches in project management to deliver high-quality products on time.

    Company Company About We guarantee high-quality software. How we cooperate We build trustful relationships with our clients. Choose a suitable engagement model. How we guarantee quality Custom software on time, scope, budget. Learn about our software development life cycle.

    Leadership We believe in win-win cooperation treating everyone with respect. Meet our team. Drive your career forward Browse for open vacancies. Join us to apply your skills working on interesting projects.

    Send your request via the form or book a free call. Illia Pinchuk , CEO. Services Custom software development Get unique software for your business. We have a record of over successful projects. Web app development Free web app development plan from our experts. Get familiar with our service offering. Mobile app development The widest range of custom-designed mobile apps and free consulting on project strategy. Consult to choose yours. Dedicated team More than IT specialists to extend your in-house development.

    Choose your team. All services A bulletproof strategy for finding a reliable software vendor Get your copy for free. Fintech Expertise in blockchain, real-time payments, degree customer analytics, and more. Insurance Over 9 years of experience in custom software engineering for the insurance industry.

    Logistics Strong logistics expertise, high-quality software solutions, and end-to-end development. Retail We have experience in delivering software solutions for world-leading retailers. Berlin also offers a couple of well-paid blockchain jobs, with salaries slightly less that those in London. In Asia, Singapore has a decent blockchain industry as well. They pay similarly as in London. These companies are in general quite willing to offer big token bonuses. How much token bonus can you expect then?

    It can range from 25pct to pct of your cash remuneration. In my case, I got paid a 30k USD bonus in tokens by a blockchain company. On top of my salary. This is a big difference with non-blockchain jobs and definetly needs to be considered. This being said, you also need to weight in the fact that these tokens are usually very volatile, not liquid i.

    I just said before that location was important…but…can we jus apply to remote job where the company is located in an expensive area, like San Fransisco, and work from a cheaper country? Sounds great right? However, you need to be aware of 3 caveats:. On the bright side, compared to other industries, blockchain companies tend to be more open to remote developers. Another element to take into consideration is what we mean by blockchain developers. Most people think mistakenly that a blockchain developer builds blockchain..

    Actually, a ton of Rust jobs are for blockchain. These low level languages are not very accessible to beginners. For building dapps, the king of profile that is relevant is web developers who are experienced in building web applications with Javascript, Nodejs and Python. Experience in React or other frontend framework is also welcome. Such an agiotage is easy to explain.

    The popularity of blockchain technology brings profit in business and finance, and the number of companies using blockchain is growing rapidly. In addition, it should be noted that the introduction of blockchain technology in classic financial sector companies such as Bank of America, Visa and others.

    Large companies and startups are very actively looking for developers and architects in the development of blockchain technologies in the US, Europe, China, Australia, but finding a real professional in this area is often a big problem.

    During the last quarter of , the season of technological discoveries for blockchain technologists continued. By , that number had grown to 1, posts, and in mid, more than 3, posts were made. In , the number of vacancies increased several times. According to LinkedIn, the number of vacancies related to blockchain development, cryptocurrency and ICOs has increased at least four times in More than , vacancies about blockchain developers have been published only on Linkedin in the USA.

    In addition, among these vacancies there are positions for executives of companies, software developers, co-founders, technology directors, founders, advisors. Selected Specializations. The web developer must have experience with open source projects. Experience with Github is the best example of a project using open source. But since a number of projects are also written in Java, knowledge of this code is also necessary. Many argue that a professional blockchain developer can build a blockchain in any programming language , but first you need to know the two aforementioned programming languages.

    Basic knowledge of mathematics and algorithms is required. Interesting fact. Most often, in order to get a job in an American company, you must present a diploma in mathematics or computer science. Payment for the project: from 2 thousand dollars. Ethereum Developers: Solidity. Skills : experience in the blockchain, ICOs, Ethereum DApps, wallets, intellectual contracts Solidity, new cryptoconversion and cryptocurrency exchanges.

    Payment for the project: from 3 thousand dollars. Skills : experience in developing intelligent contracts, programs based on Bitcoin and Ethereum with tracking and using crypto-conversions. Skills in DApps decentralized applications. You also need experience in Javascript and Python web programming.

    Payment for the project: from 4 thousand dollars. Ripple Platform Developers. As we can see, blockchain developer is a very prestigious profession , having mastered that, you will be able to forget what poverty is. The market of specialists is still not formed , so it is still easy to enter the industry, not to mention the future SEO It will become more difficult to enter this sector quickly and confidently, the market will be increasingly saturated with new specialists.

    Developers working in companies, especially large ones, earn more than non-regular employees, freelancers. This must be considered. The average salary of a blockchain developer exceeds 90 thousand dollars a year, which is at least 2 times higher than the average salary. Although this profession requires deep knowledge in programming, they pay a lot for this knowledge.

    The most popular professions in cryptoworld are the developers of Ripple platforms, developers of smart contracts for ICO , blockchain architects, developers of Ethereum: Solidity.

    Areas where the introduction of blockchain technology is a matter of life 2. The difference in professionalism between blockchain developers 5. Salary 6. Selected Specializations 7. Ethereum Developers: Solidity 9. Ripple Platform Developers

    Areas where the introduction of blockchain technology is a matter of life

    The propensity of women towards technology has also grown in the past few years and we can see more of them in this booming industry. Though small in number, but female developers do exist and their contribution is increasing rapidly so does the demand. It may take you some time but you would be eventually successful in finding one. There is no platform dedicated to women developers only.

    You need to have a sweeping approach for finding them with communities and social media. Most of the blockchain developers who are experts on this domain have already earned a significant amount of money. Therefore, what they look for now is a challenge and not money. We are not making it up, it is true and you might even come across such a developer. If your project is truly groundbreaking, you might be able to get a talented developer who would be willing to work for you at a lesser payment.

    Blockchain is a technology which has drawn quite an attention in the last few years after the price of Bitcoin went all-time high. Things like smart contracts and decentralized apps are now becoming a part of every industry and changing the way we have been dealing with currency and everything else.

    As a fintech solution, it has been lauded from the experts worldwide. It reduces the time of transaction and brings more transparency with peer-to-peer architecture.

    It decimates the third-party intervention and makes every transaction absolutely anonymous. They also have the ability to transform the traditional economy and make it much more productive. With this technology, our dependency on banks come to an end and we become the sole owner of our money. Currently, cryptocurrency is mostly associated with the crypto market because of its limited implementation.

    But it is gradually becoming a part of every business with its by-products such as trading platforms, cryptocurrency wallets, etc. The blockchain-based applications and websites are also becoming a part of every domain. The best things about this technology are its vast adaptability and flexible structure which makes it affordable to the business of every size and nature.

    This technology can significantly reduce the cost of your operations and also secure the data in the most robust fashion. In this article, we would focus on the following points:. It is very hard to quote an exact price for this service right now and there are many reasons behind this. First of all, blockchain is still considered to be in its initial phase and it has not yet received a plenary approval because of its association with cryptocurrency.

    There are many industries and companies which do not want their operations to run on a decentralized structure. However, the adoption of this technology worldwide is significant and it got a chance for the developers to make the highest profits out of it. The cost for the development of blockchain-based projects is currently very high but there are ways to bring the price down. The best thing to do is hire an offshore development service which could provide developers who can deliver the website or application at a very reasonable price.

    There are countries which are preferred for these services and most of the projects are bagged by the developers over there. Countries like India, Ukraine, Vietnam, and the Philippines have a large number of blockchain experts who provide their services at a very low price as compared to their counterparts in the US, UK and most of the European countries. Notably, the aforementioned countries are also a preferred destination for outsourcing because of the same reason.

    They provide cheaper and reasonable services which are more sustainable for your business. Developers from each country have their own pricing model and they charge an hourly basis. There are basically two types of hourly rates which are average and median. The best way of getting a blockchain project developed is to hire blockchain developers offshore who could deliver what you want at a very cheap price.

    With such a remote development team, you can make things easily possible for you. The coding could not be up to the mark but considering the price, you would definitely choose them. With altcoins, the creation of digital assets has become a lot easier. However, it should not be taken lightly as a high level of expertise is required for their creation.

    The surge in the number of ICOs has also resulted in a slew of coins which are giving access to different services now. Although, there have been many scams done in the name of crowdfunding projects and people are losing faith in it.

    Here is a percentile chart demonstrating the distribution slightly similar to the Glassdoor data. Such a fast rise is connected to the fact that the country has become a central spot for companies launching ICO projects. According to Indeed , as of July, 10, , average blockchain developer wages per year in the Unites States are as follows:.

    With an increased demand in blockchain experts, a lot of computer science students strive for getting employed n this industry. If you wish to create digital currency, write smart contracts and blockchain applications first off, you should have enough knowledge about this innovative stack.

    You may definitely learn the essentials yourself as a lot of projects are available on GitHub. It is recommended also to take some courses if your are a beginner to cryptocurrency development to get a blockchain certification. If we speak about smart contracts on some of the platforms, for example, Etherium, then you will need no basic knowledge.

    The only thing needed is the skill to google and a little bit of patience. Smart contracts are developed for people who have no knowledge of coding. However, if you would like to build blockchain products, you should get strong knowledge of this technology.

    The most important thing is to understand how the technology works. It is obvious that you can master the blockchain technology yourself as a lot of projects are available on GitHub. The main problem is the time required to obtain enough skills. On the other hand, there are risks that you will just copy the code and never learn coding. It is highly recommended to take special courses where you will be able to get the basic skills very quickly.

    It is also highly recommended to read the White Paper of that cryptocurrency your future project will be based on. As you see, there are no special skills a developer must obtain to handle ICO, crypto-based projects, exchanges, etc.

    What is actually required is the strong desire to learn and practice P2P essentials. Our developers are qualified in building sophisticated peer-to-peer networks and blockchain-based projects. The solutions we offer are secure and scalable so that you can rest assured that your project will be flexible to any changes and requirements.

    Should you have any questions about our stack feel free to check it out on our website or ask our Blockchain Team. We use the most innovative technologies in our stack to deliver the state-of-the-art solutions to our customers.

    The major benefit of cooperation with our experts is that all of them have strong background in fintech sphere. We are focused on applying the latest approaches in project management to deliver high-quality products on time. Company Company About We guarantee high-quality software. How we cooperate We build trustful relationships with our clients.

    Choose a suitable engagement model. How we guarantee quality Custom software on time, scope, budget. Learn about our software development life cycle.

    Leadership We believe in win-win cooperation treating everyone with respect. Meet our team. Drive your career forward Browse for open vacancies. Join us to apply your skills working on interesting projects. Send your request via the form or book a free call.

    Illia Pinchuk , CEO. Services Custom software development Get unique software for your business. We have a record of over successful projects. Web app development Free web app development plan from our experts. Get familiar with our service offering.

    Mobile app development The widest range of custom-designed mobile apps and free consulting on project strategy. Consult to choose yours. Dedicated team More than IT specialists to extend your in-house development. Choose your team. All services A bulletproof strategy for finding a reliable software vendor Get your copy for free. Fintech Expertise in blockchain, real-time payments, degree customer analytics, and more.

    Insurance Over 9 years of experience in custom software engineering for the insurance industry. Logistics Strong logistics expertise, high-quality software solutions, and end-to-end development.

    Retail We have experience in delivering software solutions for world-leading retailers. Healthcare We aim to help the healthcare sector deliver a customer-centric experience for patients. All industries 3 most effective approaches to core banking migration revealed Get your copy for free. They are required to have relevant job experience.

    They must be familiar with various …Read more. For You. Start Salary Survey. Salary Research By Company. Resources Salary Negotiation Guide. Career Advice. For Your Business. Get a Demo. Price a Job for Free. Compensation Software Insight Lab. Resources Compference. Comp Communication. Compensation Research. Annual Compensation Best Practices Report. Average Software Developer Salary in Canada. Job Details.

    Job Listings. How should I pay? Price a Job. What am I worth?

    Most often, in order to get a job in an American company, you must present a diploma in mathematics or computer science.

    Payment for the project: from 2 thousand dollars. Ethereum Developers: Solidity. Skills : experience in the blockchain, ICOs, Ethereum DApps, wallets, intellectual contracts Solidity, new cryptoconversion and cryptocurrency exchanges. Payment for the project: from 3 thousand dollars.

    Skills : experience in developing intelligent contracts, programs based on Bitcoin and Ethereum with tracking and using crypto-conversions. Skills in DApps decentralized applications. You also need experience in Javascript and Python web programming. Payment for the project: from 4 thousand dollars. Ripple Platform Developers. As we can see, blockchain developer is a very prestigious profession , having mastered that, you will be able to forget what poverty is.

    The market of specialists is still not formed , so it is still easy to enter the industry, not to mention the future SEO It will become more difficult to enter this sector quickly and confidently, the market will be increasingly saturated with new specialists. Developers working in companies, especially large ones, earn more than non-regular employees, freelancers. This must be considered. The average salary of a blockchain developer exceeds 90 thousand dollars a year, which is at least 2 times higher than the average salary.

    Although this profession requires deep knowledge in programming, they pay a lot for this knowledge. The most popular professions in cryptoworld are the developers of Ripple platforms, developers of smart contracts for ICO , blockchain architects, developers of Ethereum: Solidity. Areas where the introduction of blockchain technology is a matter of life 2.

    The difference in professionalism between blockchain developers 5. Salary 6. Selected Specializations 7. Ethereum Developers: Solidity 9. Ripple Platform Developers Eugene Tarasenko Author of the post. They built the platform to our satisfaction and were very creative in taking what was simply a series of wireframes and transforming it into a living and breathing e-commerce platform.

    Eugene Tarasenko April 17, Write to Eugene. Do you have any questions? Areas where the introduction of blockchain technology is a matter of life Here are just a few areas for which the blockchain technology is viewed by the world community as a vital necessity this list can be continued, but the most important ones are listed here : 1.

    The difference in professionalism between blockchain developers Like any other new technology, blockchain has added a list of new professions to the IT world.

    Salary Salaries vary from company to company or from sector to sector, and also depend on the country in which the organization is located. Non-regular employee: from 50 dollars per hour. Full time - up to thousand dollars per year.

    Smart Contract Developers for ICO Skills : experience in developing intelligent contracts, programs based on Bitcoin and Ethereum with tracking and using crypto-conversions. Conclusion As we can see, blockchain developer is a very prestigious profession , having mastered that, you will be able to forget what poverty is.

    Please share. Get a free consultation How can we help you? Tell us about your project. I agree to the processing of my personal data. Customer Review. Attach your CV. Many industry giants have come up with their blockchain projects to induct this technology. Automobile giant, Porsche has plans to integrate blockchain into their framework for serving their customers with better access to resources and services.

    They are also planning to launch a self-driven based on blockchain technology. Alongwith companies, governments are also interested in introducing blockchain into their working to smoothen cumbersome and heavily layered procedures. Given the previous statement, experience and skill are not the only things that determine the cost here. It is also about the geography and employment opportunities as well. However, the least expensive developers are usual found in Far-East and South-Asia in countries like India, Philippines etc.

    The price is now cheap because the coding is of low quality, it is because of the economy of these nations. Moreover, the given figures are for full-time employees, if you hire freelance developer, the costs will be even lower.

    Therefore, APAC becomes the hub for blockchain developers for the entire world. With blockchain development, a large cadre of women developers is joining the league of tech junkies. The presence of women in the team or the team led by a woman makes an excellent appearance in the current scenario of business. Blockchain has substantiated this levels ahead and pushed companies to hire female developers.

    The most common countries for outsourcing are Belarus, Ukraine, Poland, India. We have the development office located in Belarus, so we can provide reliable and relevant information about blockchain development costs. During outsourcing software development, you hire the remote development team with a project manager and a tester.

    They provide a neat code and have twice lower rates than their American colleagues. Today we have more than different cryptocurrencies, so creating a token that will stand out from the crowd is a tough task.

    People do not trust the new form of money yet as they believe that the crypto industry is full of scams. This way, it takes much time and effort to convince the community that the new crypto coin is a worthy investment.

    We will briefly describe the whole process of cryptocurrency creation and provide the overall estimates. The team of experts is essential. To successfully launch a coin on the market, you need a team of advisors in marketing, software developers, cybersecurity specialists, PR managers and so on. These people will help you find investors to give credibility to the project.

    Also, it is necessary to find an advisor in cryptocurrencies to guide you through the market. Communication with your target customers is also critical. You need to understand how to promote new cryptocurrency and earn a profit.

    Thus, it is essential to cater to the needs of your audience, communicate your main benefits, show your competitive edge, and so on. Here is why you need a marketing advisor, who will plan your marketing activities. Once the marketing strategy is molded, you can proceed to the blockchain network development.

    It makes no difference what technology to use. Another critical moment — how to make your cryptocurrency legal.

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