Vechain recently upgraded its new official Web Wallet – VeWorld – with ‘fee delegation‘, a powerful abstraction feature that removes the need for users of blockchain and decentralised applications to pay transaction fees. Instead, smart contracts handle payments on their behalf, removing a key adoption hurdle and drastically lowering barriers to entry for the industry.
To date, fee delegation has formed a key part of vechain’s enterprise adoption strategy, allowing enterprises to pay to use vechain’s blockchain as a subscription service and build business ecosystems on public blockchain, even in the most stringent legal jurisdictions. Through fee delegation, vechain is providing developers a superior blockchain environment for decentralised applications, maximising the potential audience by catering for even non-technical users or cryptocurrency owners.
Fee delegation, when combined with vechain’s upcoming Web3-as-a-Service platform VORJ, is turbocharging the capabilities of blockchain developers, offering an incredibly quick, user-friendly and low-cost building environment, establishing VechainThor as one of the most powerful and functional blockchains on the market.
Vechain has always maintained that achieving mass adoption of blockchain technology requires applications to feel as familiar as a website for the average user. Through the implementation of fee delegation, and vechain’s upcoming VORJ platform, the foundation aims to facilitate blockchain’s first mass adoptable ‘killer app’ and open the flood gates to the next billion Web3 users.