Vector Smart Chain Introduces Fixed $4 Gas Fee and Appoints Former CitiGroup CFO as Consultant

Vector Smart Chain (VSC), a LAYER 1 blockchain protocol, has unveiled two strategic moves aimed at bolstering its market position. The protocol will implement a fixed $4 gas fee, a departure from the volatile pricing models prevalent in the industry. This flat-rate structure is designed to offer users predictable costs and enhance accessibility.

In a parallel development, VSC has appointed Peter Ritchie, former Chief Financial Officer at CitiGroup Finance, as Strategic Finance Executive Consultant. The appointment signals VSC’s ambition to bridge blockchain innovation with institutional-grade financial oversight.

These initiatives underscore VSC’s growing influence in the blockchain sector, particularly in addressing scalability challenges and fostering user confidence through stable transaction fees.