News- The Vechain Foundation has eliminated transaction fees for VeWorld web wallet users.
- This move is expected to encourage the mainstream adoption of blockchain technology.
- The foundation posted a video on YouTube to guide users unfamiliar with the new fee delegation feature.
The VeChain Foundation has introduced a new mechanism called “fee delegation” in a recent news release. This mechanism eliminates the need for transaction fees for users of the VeWorld online wallet when they send or receive cryptocurrencies.
The Vechain Foundation also stated that eliminating transaction fees in the VeWorld web wallet is a significant step forward for the cryptocurrency industry. Besides, by removing this obstacle, the platform has tackled one of the major issues hindering the widespread adoption of cryptocurrencies.
This move is expected to provide a more user-friendly experience for developers and enthusiasts. It aligns with the foundation’s goal to bolster the mainstream adoption of blockchain technology.
Significantly, the Vechain Foundation posted a video on Youtube demonstrating how transactions can be carried out on the VeWorld web wallet without paying gas fees. The video serves as a helpful guide for users unfamiliar with the new fee delegation feature.
Partnerships with Boston Consulting Group and DappRadar
The Vechain Foundation has lately been responsible for several critical improvements that have been made. Additionally, Boston Consulting Group (BCG), a management consulting firm in the United States, will evaluate Vechain’s operations and guide how to enhance the business’s sustainability approach, as the company recently stated.
Moreover, VeChain has partnered with DappRadar, a popular multichain decentralized application (dApp) analytics platform. Therefore, the connection allows dApps operating on the VeChain network to have cross-chain visibility.
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Source: https://thenewscrypto.com/vechain-foundation-eliminates-transaction-fees-on-veworld-web-wallet/