The vector smart chain is appointed former CFOGRUP CFO, introduces fixed gas fee

The vector smart chain is appointed by the former Citigroup Executive Director and introduces a fixed gas fee model.

The throttle fee has long been the source of uncertainty in the cryptou. On Friday, 9. Maja, the vector smart chain introduced a fixed gas fee model for balancing security, stability and online scalability.

All gas fees on a vector smart chain will now cost a flat rate of $ 4, providing users with predictable costs and increasing self-confidence, especially among the company’s primary focus. The chain consensus hybrid consensus mechanism emphasizes high flow and close finality, attractive companies to corporate users.

“The $ 4 charge is not arbitrary – it is carefully designed to balance network security and accessibility. We remove guesses from Blocko,” said VSC spokesman.

In addition, this model is designed to create a VSC deflation manner in the predictable way. With each transaction, exactly $ 1 valuable VSC tokens will be burned, reducing the overall offer in proportion to network activities.

The vector smart chain is appointed former Citigroup Executive Organization

In tandem with the passage of its new gas model, the VSC also announced the appointment of the former Chief Financial Officer in Citigroup Finance. Peter Ritchie will join Layer 1 network as a strategic executive financing consultant, helping to improve the long-term financial strategy.

“This does not only apply to BlockChain – the construction of a transparent, cautious financial future. The VSC is uniquely appointed to lead that evolution”, “Peter Ritchie, VSC.

Ritchie will lead the VSC’s global financial plan of the road and ensure that its economic model remains sustainable. It will also work on strengthening network integration with institutional and businesses to clients. In addition, Ritchie will play a role in the VSC’s efforts to achieve the status of neutral carbon.

VSC already receives tow. Recently, the exchange of BCC announced that the Solana will be transferred to the VSC, referring to the network infrastructure and the economic model as to offer the highest potential for growth.