The VeChain Foundation is opening a voting process where the community can choose whether to change the basic gas fee or keep it the same.
An increased use of the VeChainThor blockchain has raised its fees and could impact adoption.
As of yesterday, April 30, VeChain stakeholders can vote on a proposal that could determine the future of the network. The vote was initiated by the VeChain Foundation and the community can decide whether to adjust the base gas fee of the VeChainThor blockchain. The voting will take place on the VeVote platform, while stakeholders can choose between 4 proposals.
Leave the base gas price as is (1e15 wei)
Reduce the base gas price to 2e14 wei (20% of current gas price)
Reduce the base gas price to 5e13 wei (5% of current gas price)
Reduce the base gas price to 1e13 wei (1% of current gas price)
The reduction will not be permanent but will respond to the “observation” of the market and its fluctuations.
Why have the fees risen for VeChainThor block
