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Home»Blockchain»The first blockchain at fixed costs in the world appoints the former financial director of Citigroup Finance
Blockchain

The first blockchain at fixed costs in the world appoints the former financial director of Citigroup Finance

June 21, 2025No Comments3 Mins Read
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LONDON,, June 20, 2025 / Prnewswire / – Vector smart chain (VSC), a layer 1 blockchain protocol, announced two strategic developments: the implementation of a fixed $ 4 gas fee model and the appointment of Peter RitchieFormer financial director of Citigroup Finance, as a consultant in the direction of strategic finance. These initiatives mark a change in the operational and leadership structure of VSC, aimed at supporting the scalability of the network and financial surveillance.

These developments indicate the growing influence of VSC at the intersection of innovation of blockchain and finance of institutional quality.




Peter Ritchie (Prnewsfoto / Vector Smart Chain)





Peter Ritchie (Prnewsfoto / Vector Smart Chain)




Intelligent vector channel (intelligent chain of prnewsfototo / vector)





Intelligent vector channel (intelligent chain of prnewsfototo / vector)

Break the mold: VSC fixed fixed $ 4 Gas fees

In a space dominated by volatile transaction costs and scalability challenges, the flat rate of VSC $ 4 Gas costs provide predictable costs, better accessibility and increased confidence in users.

“THE $ 4 Gas fees are not arbitrary – it is carefully designed to balance the safety and accessibility of networks, “said a spokesperson for VSC.” We delete the blockchain conjectures. “”

The hybrid consensus mechanism of VSC ensures a high speed and a purpose of quasi-instant transactions, which makes it ideal for the adoption of businesses and real world applications such as the tokenization of assets.

Supported by this innovation, the main platforms are already evolving. In particular, BESC Exchange recently announced its migration Solara at VSC.

“We believe that the infrastructure and the economy of VSC offer the highest advantage,” said Brian, director of BESC LLC.

Strategic leadership: Peter Ritchie joins VSC

To support its rapid growth and a vision focused on sustainability, the VSC welcomed Peter Ritchie – Citigroup Finance financial director – to help stimulate the global financial strategy.

Ritchie brings decades of experience in institutional finance and will play a central role in:

  • Design sustainable financing executives based on blockchain
  • Advance VSC carbon initiatives
  • Guide the company and institutional integration

“It is not only a blockchain – it is a question of building a transparent and resilient financial future,” said Ritchie. “The VSC is only positioned to direct this evolution.”

New generation blockchain with a real world utility

With transparent network operations via VSC Explorer, the deflationary tokenomic (including a $ 1 Buy and burn by transaction) and a mission to bring blockchain to consumer funding, the VSC continues to build a robust, accessible and sustainable ecosystem.

About the Vector Intelligent Channel

Vector Smart Chain (VSC) is a layer 1 blockchain protocol designed to provide costs, transparency and institutional quality performance. Fixed $ 4 gas fees and hybrid consensus mechanism of new generation power decentralized Applications, tokenization of real assets and integration of the carbon market.

Users can find out more about vsgofficial.com

Contact
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Colin Woolley
Crypto Marketing company
(Protected by e-mail)

Photo – https://mma.prnewswire.com/media/2715653/vector_smart_chain_peter_ritchie.jpg
Photo – https://mma.prnewswire.com/media/2715654/vector_smart_chain.jpg

Source vector intelligent chain



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