The VeChain Foundation announced in a press release that it has rolled out a new feature, named “fee delegation,” to eliminate transaction fees in its VeWorld web wallet. According to an announcement today, the fee delegation feature helps remove the need for decentralized application users to pay transaction fees. 

Following the elimination of transaction fees in the VeWorld web wallet, VeChain said the move had eliminated a significant hurdle hindering the widespread adoption of crypto. 

“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,” VeChain’s announcement read. 

Per the announcement, implementing the fee delegation feature is part of the company’s way of providing developers with an efficient environment for dApps, while also catering to non-tech users and other crypto enthusiasts. 

Notably, fee delegation is part of VeChain’s efforts to bolster mainstream adoption of blockchain technologies. 

(by Lele Jima