First Blockchain Company Adopts Former CitiGroup Finance CFO in a Fixed-Fee Position
locale-free title: Breaking the Mold: VSC Announces Fixed $4 Gas Fee and Strategic Hire, Peter Ritchie
United Kingdom, London, May 9th, 2025 - CHAIINWIRE
Step aside, inconsistent fees and scalability woes. Vector Smart Chain (VSC), the burgeoning Layer 1 blockchain protocol, juice up the game with a jaw-dropping move - a fixed $4 gas fee and the magnum opus appointment of none other than Peter Ritchie, former CFO at Wall Street titan, CitiGroup Finance. These strategic shifts aim to turbocharge network scalability and elevate VSC's institutional finance quotient.
Say Goodbye to the Gas Fee Guessing Game
Blockchain space is notorious for unpredictable transaction fees and scalability issues. But VSC's cool-as-a-cucumber response? A flat-rate $4 gas fee, designed to balance network security and accessibility. As a VSC spokesperson admitted, "It ain't rocket science. We're making the darn blockchain predictable".
Armed with VSC's slick hybrid consensus mechanism, the network hums along, maintaining high throughput and near-instant finality. Result? A perfect match for enterprise adoption and real-world applications like asset tokenization. Just ask BESC Exchange, who recently announced their move from Solana to VSC.
As Brian, the head honcho at BESC LLC, put it, "We're all about the hoopla. And VSC's infrastructure and economics offer the greatest bang for our buck."
The Strategic Brain Behind the Blockchain
To lead VSC's growth and sustain its eco-friendly vision, the team has lassoed financial heavyweight, Peter Ritchie - former CFO of the mighty CitiGroup Finance. A seasoned pro with decades of institutional finance experience, he's here to wield his wisdom over blockchain-based sustainable finance frameworks, carbon initiatives, and enterprise adoption.
Ritchie was excited-er, passionate-about joining the team, "This ain't rocket science. It's about creating a transparent, robust financial future. And VSC is sitting pretty to take the lead."
The Next-Gen Blockchain That Means Business
VSC keeps it real with transparent network operations via VSC Explorer, deflationary tokenomics (yeah, we're talking a $1 buy-and-burn per transaction), and a mission to democratize blockchain for mainstream finance.
In short, VSC continues serving up a robust, accessible, and eco-friendly ecosystem. Hungry for more? Log on to vsgofficial.com.
CONTACTS
Partner
- Colin Woolley
- Crypto Marketing Company
- [email protected]
- Vector Smart Chain (VSC), the Layer 1 blockchain protocol, has announced a fixed $4 gas fee, aiming to provide predictability in the often unpredictable blockchain space.
- VSC's appointment of Peter Ritchie, former CFO at Citigroup Finance, marks a strategic move to elevate the institutional finance quotient of the network.
- With its slick hybrid consensus mechanism, VSC ensures high throughput and near-instant finality, making it a suitable choice for enterprise adoption and real-world applications like asset tokenization.
- BESC Exchange, who recently moved from Solana to VSC, finds VSC's infrastructure and economics to offer the greatest value for their business.
- Peter Ritchie, in his new role at VSC, will focus on creating transparent, robust financial frameworks, carbon initiatives, and enterprise adoption.
- VSC's network operations are transparent via VSC Explorer, and it adopts deflationary tokenomics, with a $1 buy-and-burn per transaction.
- VSC is committed to democratizing blockchain for mainstream finance, providing a robust, accessible, and eco-friendly ecosystem.
- For more information, visit vsgofficial.com or contact Colin Woolley at [email protected].
