Vector Smart Chain (VSC) has launched a fixed gas fee model and appointed Peter Ritchie as a strategic finance consultant.
Fixed Gas Fee Model
Gas fees have long been a source of uncertainty in crypto. On May 9, VSC introduced a fixed gas fee model aimed at balancing security, stability, and scalability on the network.
All gas fees on Vector Smart Chain will now cost a flat rate of $4, providing users with predictable costs and boosting confidence, especially among enterprise clients, which are a primary focus for VSC.
“The $4 gas fee isn’t arbitrary—it’s carefully designed to balance network security and accessibility. We’re removing the guesswork from blockchain,” a VSC spokesperson said.
Appointment of Peter Ritchie
In addition to the rollout of its new gas model, VSC also announced the appointment of Peter Ritchie, former Chief Financial Officer at CitiGroup, as Strategic Finance Executive Consultant. Ritchie will help advance the platform’s long-term financial strategy.
“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.
Growing Interest in VSC
VSC is already gaining traction. Recently, BESC Exchange announced it would migrate from Solana to VSC, citing the network’s infrastructure and economic model as offering the highest potential for growth.
Vector Smart Chain continues to evolve by implementing new operational models and attracting significant expertise, reflecting its commitment to sustainable development in the blockchain sector.
