In a move that could only be described as daring (or perhaps just calculated), Vector Smart Chain has appointed a former CitiGroup executive and, in a most revolutionary manner, introduced a fixed gas fee model. It’s as if the world of crypto has been waiting for something this sensible…or so we are told.
Gas fees, those unpredictable and often mischievous little creatures, have plagued the crypto world for some time. But lo and behold, on the 9th of May, Vector Smart Chain waved a magical wand and introduced a fixed gas fee of $4. Now, every transaction comes with a certainty that makes us wonder if this is the dawning of a new era in crypto, or merely an experiment in banishing uncertainty. 😏
The new model promises to balance security, stability, and scalability, giving users a sense of predictability—and let’s face it, who doesn’t crave that in this wild west of digital transactions? But don’t get too comfortable, for the chain’s hybrid consensus mechanism will work its own peculiar magic, ensuring that high throughput and near-instant finality appeal to the corporate types who like to think they have it all figured out.
“The $4 gas fee isn’t arbitrary—it’s carefully designed to balance network security and accessibility. We’re removing the guesswork from blockchain,” said a VSC spokesperson, probably feeling rather proud of their cleverness.
Oh, but the fun doesn’t stop there. VSC promises that this model will make the network deflationary in a most predictable fashion. For every transaction, exactly $1 worth of VSC tokens will be ceremoniously burned, reducing the total supply in proportion to network activity. The drama, as they say, continues to unfold. 🔥
VSC Appoints Former CitiGroup Executive
In a twist most thrilling, VSC also announced the appointment of Peter Ritchie, a former Chief Financial Officer at CitiGroup, as their Strategic Finance Executive Consultant. Could there be a better way to bolster the platform’s financial strategy? Only time will tell, but we certainly can’t fault the dramatic flair.
“This isn’t just about blockchain—it’s about building a transparent, resilient financial future. VSC is uniquely positioned to lead that evolution,” said Peter Ritchie, with all the confidence one might expect from a finance wizard.
Ritchie will guide VSC’s global financial roadmap, ensuring that its economic model remains sustainable. He will also help strengthen the network’s integration with institutional and enterprise clients. And let’s not forget his mission to help VSC achieve carbon-neutral status—because who doesn’t want a little environmental cred along with their financial prowess? 🌱
Already, VSC is making waves. BESC Exchange has made the bold decision to migrate from Solana to VSC, citing its infrastructure and economic model as being the highest potential for growth. How very avant-garde of them!
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2025-05-09 17:00