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Vector Smart Chain Introduces Fixed $4 Gas Fee and Appoints Ex-CitiGroup CFO as Consultant
Vector Smart Chain Introduces Fixed $4 Gas Fee and Appoints Ex-CitiGroup CFO as Consultant
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Vector Smart Chain (VSC), a LAYER 1 blockchain protocol, has unveiled two strategic moves aimed at bolstering its market position. The network will implement a flat $4 gas fee—a rarity in an industry plagued by volatile transaction costs—and has appointed Peter Ritchie, former CFO of CitiGroup Finance, as Strategic Finance Executive Consultant.
The fixed-fee model targets institutional adoption by offering predictable pricing, while Ritchie’s hiring signals VSC’s push for financial rigor. "The $4 gas fee isn’t arbitrary—it’s carefully designed to balance network sustainability with user accessibility," the team stated, though the full technical rationale remains undisclosed.
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