In a move that marks a bold step toward enterprise-grade blockchain utility, Vector Smart Chain (VSC) has unveiled a fixed gas fee model and announced the appointment of former CitiGroup Finance CFO Peter Ritchie as its new Strategic Finance Executive Consultant.
Predictable Gas Fees Set at $4
For years, unpredictable gas fees have plagued blockchain networks, hindering mainstream adoption particularly among enterprise clients. VSC is changing that narrative. On Friday, May 9, the Layer 1 network launched a fixed $4 gas fee across all transactions, designed to create consistency, boost confidence, and improve usability for large-scale businesses.
“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 stated.
In addition to streamlining user experience, VSC’s model introduces a deflationary mechanism. With every transaction, exactly $1 worth of VSC tokens will be burned, ensuring that the supply decreases in direct proportion to network usage an attractive feature for investors and long-term supporters.
Built on a hybrid consensus mechanism, VSC emphasizes high throughput and near-instant finality, making it especially appealing to enterprise-level clients who demand performance, predictability, and security.
Former CitiGroup CFO Joins VSC
Coinciding with the economic overhaul, VSC announced the strategic appointment of Peter Ritchie, a former Chief Financial Officer at CitiGroup Finance, to help steer the network’s financial vision.
“This isn’t just about blockchain it’s about building a transparent, resilient financial future. VSC is uniquely positioned to lead that evolution,” Ritchie commented.
Ritchie will lead VSC’s global financial strategy, assist in scaling institutional adoption, and help align the network with carbon-neutral objectives. His experience in global finance is expected to significantly bolster VSC’s long-term vision of becoming a leader in compliant, enterprise-ready blockchain solutions.
Institutional Interest on the Rise
Momentum is already building. BESC Exchange recently announced its migration from Solana to Vector Smart Chain, citing the network’s predictable cost structure and scalable infrastructure as core reasons for the switch.
With a clear commitment to financial transparency, environmental sustainability, and enterprise-grade infrastructure, VSC is positioning itself as one of the most strategically viable blockchain platforms in 2025.
