What is WEST: A Comprehensive Guide to Understanding the Western Energy Standards and Training Initiative

2026-02-06 02:42:32
Altcoins
Blockchain
Crypto Ecosystem
Crypto Tutorial
Web 3.0
Article Rating : 3
164 ratings
WavesEnterprise (WEST) is an enterprise-grade blockchain platform extending Waves technology to address interoperability, scalability, and data privacy challenges in corporate and public sector applications. Launched in 2020, WEST functions as the native consensus token, incentivizing network nodes and enabling transactions among participants. With 225 million circulating tokens (56.25% of total supply), WEST trades on Gate.com at $0.001825, reflecting significant market fluctuations. The platform provides permissioned blockchain infrastructure for organizations requiring regulatory compliance and privacy protection. Despite facing competitive pressures and market volatility with annual performance declining 85.97%, WavesEnterprise continues developing its ecosystem for enterprise adoption. This guide explores WEST's technical architecture, market performance, use cases, and participation methods for those investigating enterprise blockchain solutions and consensus token mechanisms.
What is WEST: A Comprehensive Guide to Understanding the Western Energy Standards and Training Initiative

WavesEnterprise (WEST) 的定位与意义

2020 年,WavesEnterprise 推出了 WEST,旨在解决 企业和公共部门在区块链技术应用中面临的互操作性、可扩展性以及数据隐私保护等挑战

作为 Waves 技术的企业级扩展平台WavesEnterprise企业级区块链解决方案、公共部门数字化转型 中扮演着关键角色。

WEST 作为 WavesEnterprise 平台的原生代币,用作主链上的共识代币,为网络节点维护主链提供了经济激励,并作为网络参与者之间进行交易方式之一。截至 2026 年 2 月,WEST 的流通供应量为 225,000,000 枚,总供应量为 399,999,827 枚。

本文将深入解析其技术架构、市场表现和未来潜力。


起源与发展历程

诞生背景

WavesEnterprise (WEST) 于 2020 年 正式推出,旨在解决 企业和公共部门在采用区块链技术时遇到的合规性、隐私保护以及系统集成等实际问题

它诞生于 企业数字化转型加速、区块链技术逐步走向主流应用 的背景下,目标是通过 提供灵活、安全且符合监管要求的区块链基础设施 改变现状。

WavesEnterprise 的推出为 企业客户、政府机构以及需要私有或联盟链解决方案的组织 带来了全新的可能性。

重要里程碑

  • 2020 年 1 月:主网上线,实现 企业级区块链基础设施的搭建
  • WavesEnterprise 持续优化其技术、安全性和现实世界的应用,在企业级区块链领域探索发展路径。

WavesEnterprise (WEST) 如何运作?

无中央控制

WavesEnterprise 运行在由全球分布的节点组成的去中心化网络上,摆脱了单一实体的控制。

这些节点协作验证交易,确保系统透明且抗攻击,赋予用户更大的自主权并提高网络韧性。

区块链核心

WavesEnterprise 的区块链是一个公开、不可篡改的数字账本,记录每笔交易。

交易被分组为区块,通过加密哈希链接形成安全的链。

任何人都可查看记录,无需中间人即可建立信任。

确保公平

WavesEnterprise 采用共识机制来验证交易,防止双重支付等欺诈行为。

网络节点通过 维护主链、参与共识过程 维护网络安全,并获得 WEST 奖励作为经济激励。

安全交易

WavesEnterprise 使用公私钥加密技术保护交易:

  • 私钥(类似秘密密码)用于签署交易
  • 公钥(类似账户号码)用于验证所有权

This mechanism ensures fund security while maintaining appropriate privacy levels for enterprise applications.

WavesEnterprise (WEST) Market Performance

Circulation Overview

As of February 06, 2026, WavesEnterprise (WEST) has a circulating supply of 225,000,000 tokens, with a total supply of 399,999,827 tokens and no maximum supply cap (∞). The circulating supply represents approximately 56.25% of the total supply. WEST serves as the native consensus token on the mainchain, providing economic incentives for network nodes to maintain the chain and facilitating transactions between network participants.

Price Fluctuations

WavesEnterprise (WEST) reached a notable price level of $0.837607 on October 08, 2021, driven by favorable market conditions during that period. The token experienced its lower price point of $0.00166202 on February 03, 2026, reflecting broader market dynamics and changing sentiment. As of the latest data, WEST is trading at $0.001825, showing recent price movements of -4.7% over 1 hour, -1.06% over 24 hours, -30.76% over 7 days, -66.13% over 30 days, and -85.97% over 1 year. These fluctuations reflect evolving market sentiment, adoption trends, and various external factors affecting the cryptocurrency sector.

Click to view the current WEST market price

price-image

On-chain Metrics

  • 24-hour Trading Volume: The platform recorded a 24-hour trading volume of $12,696.35, indicating current market activity levels
  • Market Capitalization: WEST maintains a market capitalization of $410,625, representing its current market valuation
  • Fully Diluted Valuation: The fully diluted market cap stands at $729,999.68, reflecting the potential total value if all tokens were in circulation

WavesEnterprise Ecosystem Applications and Partners

Core Use Cases

WavesEnterprise's ecosystem supports various enterprise and public sector applications:

  • Enterprise Blockchain Solutions: The platform provides permissioned blockchain infrastructure for organizations requiring privacy and regulatory compliance.
  • Consensus and Network Maintenance: WEST token serves as the consensus mechanism token on the main chain, incentivizing network nodes to maintain blockchain operations.

Strategic Partnerships

WavesEnterprise focuses on meeting the global needs of enterprises and the public sector through its extended Waves technology infrastructure. These capabilities provide a foundation for WavesEnterprise's ecosystem expansion in enterprise blockchain adoption.

Challenges and Considerations

WavesEnterprise faces several challenges:

  • Market Performance: Significant price declines across multiple timeframes, with annual performance showing substantial decreases
  • Market Position: Limited trading volume and exchange availability compared to larger blockchain platforms
  • Competitive Landscape: Competition from other enterprise blockchain solutions in the market

These factors influence ongoing development and market positioning for WavesEnterprise.

WavesEnterprise Community and Social Media Presence

Community Engagement

WavesEnterprise maintains presence across multiple platforms including Twitter and Facebook, connecting with enterprise blockchain enthusiasts and developers. The project focuses on serving enterprise and public sector needs through its blockchain infrastructure.

Social Media Channels

WavesEnterprise engages with its community through:

  • Twitter presence via @wvsenterprise, sharing updates on platform developments and enterprise use cases
  • Facebook community maintaining connections with international audiences

Community discussions center around enterprise blockchain adoption, network governance, and WEST token utility.


WavesEnterprise Additional Information Sources

  • Official Website: Visit WavesEnterprise Official Site for features, use cases, and latest developments.
  • Blockchain Explorer: WavesEnterprise Explorer provides network activity and transaction data.
  • Twitter Updates: WavesEnterprise maintains @wvsenterprise on Twitter platform, sharing updates on technical developments, community activities, and enterprise partnerships.
  • GitHub Repository: WavesEnterprise GitHub offers technical resources and development information.

How to Participate in WavesEnterprise?

  1. Purchase Options: WEST tokens are available on Gate.com and other supporting platforms
  2. Storage Solutions: Use compatible wallets that support WavesEnterprise network for secure storage
  3. Network Participation: Explore node operation opportunities to contribute to network maintenance and earn consensus rewards
  4. Ecosystem Development: Visit the GitHub repository for technical documentation and development resources

Summary

WavesEnterprise extends Waves technology to address enterprise and public sector blockchain needs, offering permissioned infrastructure, consensus mechanisms, and network participant transaction capabilities. The platform's focus on enterprise use cases and its WEST token economic model position it within the enterprise blockchain sector. Despite facing market volatility and competitive pressures, WavesEnterprise continues developing its infrastructure for organizational blockchain adoption. Whether you're exploring enterprise blockchain solutions or investigating consensus token models, WavesEnterprise represents an approach to permissioned distributed ledger technology.

FAQ

What is WEST crypto and what is its purpose?

WEST crypto is a digital asset designed to promote innovation and market stability by providing legal clarity and reducing volatility. Its purpose is to enhance investment protection, ensure market integrity, and support the development of new crypto assets in the Web3 ecosystem.

How can I buy and store WEST tokens?

Purchase WEST tokens through supported platforms using your preferred payment method. Store them securely in a personal wallet or hardware wallet for maximum protection and control over your assets.

What is the total supply and tokenomics of WEST?

WEST has a total supply of 1 billion tokens with fixed supply and no inflation. The tokenomics feature a deflationary mechanism designed to support long-term value appreciation and sustainable ecosystem growth.

Is WEST a legitimate project and what are the risks?

WEST is a legitimate project with strong regulatory compliance and environmental oversight. The project has been assessed by authorities and poses minimal risk to ecosystems and stakeholders. It operates transparently within established guidelines.

What is the difference between WEST and other cryptocurrencies?

WEST emphasizes advanced technology and innovation with strong development foundations. Unlike many other cryptocurrencies, WEST combines cutting-edge blockchain solutions with enhanced security features and scalability, positioning it as a next-generation digital asset for modern decentralized applications.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
Related Articles
2025 SUI coin: price, buying guide, and Staking rewards

2025 SUI coin: price, buying guide, and Staking rewards

By 2025, SUI coin has become a powerful force in the crypto space, with its price soaring to $3.34. This guide explores SUI's blockchain technology, staking rewards, and comparisons with other cryptocurrencies. Discover why investors are rushing to buy SUI coin and learn how to maximize returns by leveraging its potential.
2025-04-25 07:01:37
 How to Buy Crypto: A Step-by-Step Guide with Gate.com

How to Buy Crypto: A Step-by-Step Guide with Gate.com

In today’s rapidly evolving digital asset landscape, more and more people are looking to invest in cryptocurrencies. If you’ve been searching for "how to buy crypto," Gate.com offers a secure, user-friendly platform that makes entering the crypto market both easy and safe. This article will guide you through the step-by-step process of purchasing cryptocurrencies, while highlighting the unique advantages of using Gate.com.
2025-04-25 07:15:52
HNT Price in 2025: Helium Network Token Value and Market Analysis

HNT Price in 2025: Helium Network Token Value and Market Analysis

As of April 2025, the HNT price stands at $3.81, marking a 9.76% increase and a $690 million market cap, signaling strong potential for Helium blockchain ROI in the evolving digital landscape.
2025-04-23 02:39:13
What is SwissCheese (SWCH) and How Does It Democratize Investment?

What is SwissCheese (SWCH) and How Does It Democratize Investment?

Revolutionizing investment through blockchain, SwissCheese is democratizing finance with its innovative decentralized stock trading platform. Since 2020, this pioneering project has shattered traditional barriers, offering global accessibility and fractional ownership. With a robust roadmap and expert team, SwissCheese is poised to transform the $10 trillion Real-World Asset market by 2030.
2025-04-22 09:19:37
Cardano (ADA) Price Analysis and Outlook for 2025

Cardano (ADA) Price Analysis and Outlook for 2025

Cardano's price surge to $0.91 has sparked intense interest in the cryptocurrency market. As ADA outperforms expectations, investors are closely examining its long-term outlook and investment potential. This analysis explores Cardano's technological edge, adoption trends, and how it stacks up against other cryptocurrencies in the evolving digital landscape.
2025-04-24 07:19:47
How to Invest in Metaverse Crypto

How to Invest in Metaverse Crypto

Investing in the metaverse offers exciting opportunities for growth and innovation. By understanding the basics, choosing the right investment type, and managing your assets wisely, you can navigate this digital frontier and potentially reap significant rewards.
2025-04-21 07:50:13
Recommended for You
What is a Private Key? How Does It Differ from a Public Key and What Can You Do with It?

What is a Private Key? How Does It Differ from a Public Key and What Can You Do with It?

This comprehensive guide explains public key cryptography's critical role in blockchain security, focusing on private and public keys. It covers the fundamental differences between symmetric and asymmetric encryption, detailing how private keys function as digital security gates for cryptocurrency ownership and asset control. The article explores private key characteristics, the decryption process through practical examples, and their irreplaceable importance in the crypto ecosystem where lost keys mean permanent fund loss. Essential security practices include storing private keys offline using hardware wallets, paper wallets, or encrypted digital storage—never sharing, photographing, or uploading them online. By understanding proper key management and implementing robust security protocols, users can confidently protect their digital assets and maintain financial sovereignty in decentralized blockchain networks.
2026-02-06 03:54:02
Using and Calculating RSI in Cryptocurrency Trading

Using and Calculating RSI in Cryptocurrency Trading

A beginner’s guide to the RSI indicator. This overview covers how to calculate RSI, identify buy and sell signals, understand divergence, and apply it effectively in crypto trading. Master this essential tool for technical analysis.
2026-02-06 03:51:38
Cryptocurrency theft topped $2 billion in 2025—it's time to rethink how assets are stored.

Cryptocurrency theft topped $2 billion in 2025—it's time to rethink how assets are stored.

Discover secure crypto storage with Kraster Wallet—an advanced hardware wallet as compact as a bank card. Find out how to select the most reliable hardware wallet, safeguard your private keys, and avoid theft. Review comparisons of cold wallets and software wallets for Bitcoin, Ethereum, and more than 100 blockchains.
2026-02-06 03:48:48
What Are RWAs (Real World Assets): A Complete Guide to Tokenizing Real-World Assets

What Are RWAs (Real World Assets): A Complete Guide to Tokenizing Real-World Assets

Discover what RWA (Real-World Assets) means in cryptocurrency: explore how tokenizing real assets on the blockchain works, the various types of RWA tokens, key platforms like Gate, MakerDAO, and Centrifuge, and practical examples of investing in real assets through DeFi. This comprehensive guide is tailored for investors and traders.
2026-02-06 03:45:46
How to Begin Trading NFTs

How to Begin Trading NFTs

The ultimate guide for NFT beginners. Learn NFT basics, trading strategies, how to choose a marketplace such as Gate, wallet setup, and step-by-step instructions for buying and selling NFTs. Discover essential knowledge and risk management strategies to help newcomers start trading NFTs securely.
2026-02-06 03:36:35
Smooth Love Potion (SLP) Price Prediction: Short-term and Long-term Analysis

Smooth Love Potion (SLP) Price Prediction: Short-term and Long-term Analysis

Smooth Love Potion (SLP) is a utility token powering the Axie Infinity gaming ecosystem, earning through gameplay and enabling Axie breeding. This comprehensive guide explores SLP's dual-token model with AXS governance token, tokenomic mechanics featuring unlimited supply offset by deflationary burning, and multi-timeframe price analysis. Short-term projections suggest $0.0073 maximum with 236.71% ROI, while mid-term forecasts reach $0.01366 at 333% ROI, and long-term scenarios peak at $0.069 with 3085% ROI potential. The article addresses key investment considerations, ecosystem dependencies, and risk management strategies, helping traders and players understand SLP's value drivers within blockchain gaming's play-to-earn landscape on Gate exchange platforms.
2026-02-06 03:31:54