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Waves Enterprise is fundamentally a hybrid blockchain platform that seeks to empower enterprises with secure and efficient methods for developing and deploying blockchain-based applications. It accomplishes this by leveraging a unique architecture that incorporates sidechains, allowing organizations to create private infrastructures while retaining the capability to store metadata on the mainnet.
At the heart of Waves Enterprise lies the Waves Enterprise System Token (WEST), a native utility token integral to the system's operations. This token underpins the network by facilitating transaction fees and enabling the security of the platform through a Leased Proof-of-Stake (LPoS) consensus mechanism.
Overall, Waves Enterprise distinguishes itself with its focus on tailored blockchain solutions for enterprises, paving the way for diverse and innovative applications.
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