Vitalik Smart Gas: In this article, we cover a detailed review of Vitalik Smart Gas. How does Vitalik Smart Gas Crypto work & Are important features?
About Vitalik Smart Gas
Launched in 08/12/2024 by a team based in Canada and the UK, VSC is a Layer 2 platform designed to facilitate the development of decentralized applications (dApps). VSG, or Vitalik Smart Gas, serves as the official gas token for VSC.
The platform’s primary objective is to address scalability issues prevalent in traditional blockchain networks by providing a scalable and efficient environment for decentralized application deployment. Leveraging Layer 2 solutions, VSC enhances transaction throughput and reduces gas fees, making it more accessible and cost-effective for developers and users alike.
VSG plays a crucial role within the VSC ecosystem, acting as the fuel that powers transactions and smart contract executions on the network. With a total initial supply of 10 billion tokens and a deflationary mechanism in place, VSG aims to maintain a stable and reliable gas system while incentivizing network participation.
Vitalik Smart Gas Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Vitalik Smart Gas |
| Short Name | VSG |
| Total supply | 7.5B VSG |
| Max Supply | 10B VSG |
| Official Project Website | Click Here To Visit Project Website |
Vitalik Smart Gas Price Live Data
The live price today is $0.000266 USD with a 24-hour trading volume of $13,667.17 USD. They update VSG to USD price in real-time. This is down 15.78% in the last 24 hours. The current ranking is #4600, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000,000 VSG coins.
Vitalik smart gas is hyper deflationary and powers entire ecosystem.
Holders of VSG benefit from transactions that take place on our chain with $1 from every transaction going to buy and burn VSG which not only supports the chart and lp but also makes it hyper deflationary. The utilization of VSG in L2 ecosystem ensures that the token is not merely a speculative asset but a functional tool and a driving force behind Vitalik Smart Chain.
The official vsg staking dapp
The VSG staking dApp allows you to stake your VSG tokens and earn a share of the staking pool. The use of the dApp is limited to our ethereum NFT holders.
Vision
At the heart of Vitalik Smart Gas (VSG) lies a visionary commitment to redefine the very essence of decentralized finance (DeFi). Our vision transcends the current limitations of blockchain transactions, envisioning a future where efficiency, scalability, and accessibility are not mere aspirations but tangible realities.
In a landscape marked by challenges such as high transaction costs and limited throughput, VSG aspires to be the catalyst that propels blockchain transactions into a new era. They envisage a decentralized financial ecosystem that is not only efficient and cost-effective but also inclusive, welcoming a global community to participate in the revolution.
Tokenomics
Unlock the potential of the VSG Vitalik Smart Gas token through our token dynamics and roadmap. With a 2% tax on buys and 3% on sells, the contract will be renounced upon chain completion, paving the way for a 0/0 tax-free environment. The core development team’s tokens will be securely locked, ensuring transparency and trust.
The $VSG Token: A Dynamic Utility
Medium of Exchange
At its core, the $VSG token serves as the primary medium of exchange within the VSG ecosystem. Users leverage $VSG for transactions, settlements, and participation in various decentralized applications (DApps) built on the VITALIK SMART CHAIN L2. This utilization ensures that the token is not merely a speculative asset but a functional tool driving the VSG financial ecosystem.
Governance Mechanisms
Beyond its role as a transactional currency, $VSG empowers the community through robust governance mechanisms. Token holders have the right to participate in key decision-making processes, shaping the future development, and direction of the VSG project. This democratic approach ensures that the community plays an active role in the evolution of the decentralized financial ecosystem.
Security Measures
Smart Contract Audits
Ensuring the robustness and security of the Vitalik Smart Gas smart contracts is of utmost priority. VSG subjects its smart contracts to thorough audits conducted by reputable third-party firms. These audits serve as a proactive measure to identify and rectify any vulnerabilities, ensuring that the smart contracts are resilient against potential threats.
Continuous Security Monitoring
Security is an ongoing commitment. VSG implements continuous security monitoring protocols to detect and address emerging threats promptly. This proactive approach enhances the resilience of the VSG ecosystem, providing users with a secure environment for their transactions and interactions.
Decentralized Governance and Security
The decentralized governance model employed by VSG not only empowers the community but also contributes to the overall security of the ecosystem. By distributing decision-making authority, VSG mitigates the risk of single points of failure and enhances the system’s resistance to malicious attacks.
Vitalik Smart Gas Conclusion
Vitalik Smart Gas marks an impressive step forward for decentralized application development. Backed by teams in Canada and the UK, this Layer 2 platform is poised to make waves within blockchain technology. Equipped with its native gas token (VSG), VSC seeks to address some of the scalability challenges plaguing traditional blockchain networks.
VSC leverages Layer 2 solutions to provide a scalable and efficient ecosystem for deploying decentralized applications. By increasing transaction throughput and decreasing gas fees, this platform makes broader accessibility and cost-effectiveness accessible and cost-efficient – benefitting both developers and users alike. As blockchain evolves further, VSC stands at the forefront, driving innovation while unlocking new potential for decentralized apps.
Vitalik Smart Gas FAQ
What is VSC?
VSC stands for Vitalik Smart Chain. It is a Layer 2 platform designed to facilitate the development of decentralized applications (dApps). Launched in August 2024 by a team based in Canada and the UK, VSC aims to address scalability issues prevalent in traditional blockchain networks.
What is VSG?
Vitalik Smart Gas, or Vitalik Smart Gas, serves as the official gas token for VSC. It is used to pay for transaction fees and computational services on the VSC platform.
How does VSC address scalability issues?
VSC addresses scalability issues by leveraging Layer 2 solutions. These solutions enhance transaction throughput and reduce gas fees, making the platform more scalable and efficient for decentralized application deployment.
What are the benefits of using VSC?
Some of the benefits of using VSC include increased scalability, enhanced transaction throughput, and reduced gas fees. This makes it more accessible and cost-effective for both developers and users of decentralized applications.
Who can use VSC?
VSC is designed for developers and users who are interested in building or using decentralized applications. Whether you’re an experienced developer or new to blockchain technology, VSC provides a user-friendly environment for decentralized application development and deployment.
Is VSC open-source?
Yes, VSC is an open-source platform. This means that its source code is publicly available for anyone to view, modify, and contribute to. Open-source development fosters transparency, collaboration, and innovation within the VSC community.
