Vechain removes blockchain transaction fees for VeWorld Wallet users, opens doors for mass adoption of blockchain

by Arthur · April 6, 2023

SAN MARINO, 6 April 2023 /PRNewswire/ — 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 decentralized applications to pay transaction fees. Instead, smart contracts handle payments on their behalf, removing a key adoption barrier and drastically reducing barriers to entry for the industry.

Vechain demonstrates fee delegation in the VeWorld web wallet. No fees are deducted from the user's wallet, instead paid by a third party account. — Vechain demonstrates fee delegation in the VeWorld web wallet. No fees are deducted from the user’s wallet, instead paid by a third party account.

To date, fee delegation has been a key part of vechain’s enterprise adoption strategy, allowing businesses to pay to use vechain’s blockchain as a subscription service and build business ecosystems on public blockchain, even in the strictest legal jurisdictions. Through fee delegation, vechain provides developers with a superior blockchain environment for decentralized applications, maximizing the potential audience by catering to even non-technical users or cryptocurrency owners.

Fee delegation, combined with vechain’s upcoming Web3-as-a-Service platform VORJ, turbocharges the capabilities of blockchain developers, offering an incredibly fast, user-friendly and affordable build environment, establishing VechainThor as one of the most powerful and functional blockchains on the market.

Vechain has always argued that achieving mass adoption of blockchain technology requires applications to feel as familiar as a website to 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 floodgates for the next billions of Web3 users.

About vechain

Vechain, headquartered in San Marino, Europeis the curator of VechainThor, a world-leading smart contract platform leading the real-world adoption of blockchain technology.

By leveraging the properties of “trustless” data (information without intermediaries), smart contracts and IoT technologies, VechainThor has enabled solutions across a wide range of fields. Vechain is now turning its attention to the biggest challenge of all – building digital ecosystems to drive sustainability and digital transformation on a global scale.

Visit to learn more.

SOURCE vechain