Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: gomozor on July 12, 2018, 08:19:06 AM



Title: Cost of dApp development on ethereum blockchain?
Post by: gomozor on July 12, 2018, 08:19:06 AM
Hi,
I am trying to figure out the cost of transaction and deployment cost of a standard dApp on the etherium network using solidity?


Title: Re: Cost of dApp development on etherium blockchain?
Post by: rpstatic on July 12, 2018, 09:12:12 AM
I just quote this here. You should find all information about the required gas for the deployment of contracts in this article.

https://hackernoon.com/costs-of-a-real-world-ethereum-contract-2033511b3214
Quote
At 20 Gwei per gas, deploying the contract cost 0.01072934 ether, or about $3.21 USD at the current exchange rate of $300/ETH.

You can also minimize the costs by reducing the gas price, check https://ethgasstation.info/ for a safe low price.


Title: Re: Cost of dApp development on etherium blockchain?
Post by: half-hitch on July 12, 2018, 09:26:17 AM
Additionally, the cost of any transaction (including deploying a smart contract or interacting with one) is fixed in gas price by the operations performed. Appendix G of the Yellow paper contains the gas prices.

Additionally, the EIP-150 revision of the gas codes is proposed here: https://docs.google.com/spreadsheets/d/1n6mRqkBz3iWcOlRem_mO09GtSKEKrAsfO7Frgx18pNU (https://docs.google.com/spreadsheets/d/1n6mRqkBz3iWcOlRem_mO09GtSKEKrAsfO7Frgx18pNU)


Title: Re: Cost of dApp development on ethereum blockchain?
Post by: gomozor on July 14, 2018, 03:26:13 AM
On https://ethgasstation.info/ , the standard transaction cost seems $0.218 right now. What is this standard? How much raw data (in bytes) can it be carried per transaction at this cost?


Title: Re: Cost of dApp development on ethereum blockchain?
Post by: pistachefreak on July 14, 2018, 03:27:20 AM
That's not really a question that anybody can answer. It would all depend on what exactly you are building.

I think you may be better off hiring just one or two experts in cryptography and blockchain tech rather than a mixed bag of 7 "front-end & back-end" devs. But again, it depends on what you're doing.


Title: Re: Cost of dApp development on ethereum blockchain?
Post by: rpstatic on July 18, 2018, 06:17:59 AM
On https://ethgasstation.info/ , the standard transaction cost seems $0.218 right now. What is this standard? How much raw data (in bytes) can it be carried per transaction at this cost?

This is the maximal cost for the standard gas limit of 21000 (typically used for a standard ETH transaction). You can adjust this with the "Gas-Time-Price Estimator" on this site.

I am not sure how many bytes a standard transaction need.


Title: Re: Cost of dApp development on ethereum blockchain?
Post by: sister1001 on July 20, 2018, 08:40:44 PM
It is expensive because there is a good demand for seasone pros in this are aof work. You may even not be able to hire top programmers and may have to choose people with different background.