VSC Governance
The processes through which eligible Vector Smart Chain participants can propose, discuss, or vote on supported network decisions.
Explain Like I'm 12
The processes through which eligible Vector Smart Chain participants can propose, discuss, or vote on supported network decisions.
Why It Matters
These terms document Vector Smart Chain concepts in a neutral educational context.
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Related Terms
Deterministic Execution
Execution in which the same valid transaction and prior state always produce the same resulting state across compliant nodes.
VSC Validator
A validator participating in Vector Smart Chain consensus and network security according to the protocol's validator rules.
Vector Smart Chain
An EVM-compatible Layer-1 blockchain designed around deterministic execution, predictable transaction processing, and application deployment.
Vector Smart Gas
The native asset of Vector Smart Chain used for network fees, staking, and other protocol-level functions.
Blockchain as a Business
Blockchain as a Business (BaaB) describes the strategic pivot where an entity shifts its primary value proposition to decentralized ledger technology. It involves replacing or augmenting traditional siloed business models with peer-to-peer protocols to create new revenue streams, tokenized digital assets, or decentralized service delivery. This concept moves beyond mere adoption to restructuring core operational workflows, incentives, and stakeholder relationships through transparent, immutable blockchain architecture.
Business Module
A Business Module in a blockchain context is a modular software component or smart contract library specifically designed to perform a standard, reusable commercial function. Examples include automated escrow, recurring subscription billing, tokenized dividend distribution, or multi-signature treasury management. These modules act as building blocks, allowing developers to compose complex business applications rapidly without reinventing the underlying legal and financial logic for every new project.