Waves Claims 70x Increase in Smart Contract Speed Amid Enterprise Upgrades

Russian blockchain firm Waves has announced updates to its enterprise platform, including accelerated smart contract execution, licensing fees and inter-chain anchoring. On March 17, Waves wrote that the new Version 1.2 of Waves Enterprise will enable an increase in containerized smart contract execution speeds by up to 70 times.

Version 1.2 supports anchoring across private networks based on Waves technology  The upgraded platform introduces ‘anchoring’ — which allows multiple enterprise networks to interconnect and so that the data written to one blockchain can be copied to other chains within the network. Anchoring can occur between networks operating across Waves Enterprise, Waves Platform, and private networks built using Waves technology.

Timeline of Waves