A novel optical burst switching (OBS) high speed network architecture has been proposed. To verify its feasibility and evaluate its performance, just-enough-time (JET) signaling has been considered as a high performance protocol. In the proposed architecture, to avoid burst losses, firstly, a short-prior-confirmation-packet (SPCP) is sent over the control channel that simulates the events that the actual packet will experience. Once SPCP detects a drop at any of the intermediate nodes, the actual packet is not sent but the process repeats. In order to increase network utilization, cost effectiveness and to overcome some limitations of conventional OBS, inherent codes (e.g., orthogonal optical codes (OOC)), which are codified only in intensity, has been used. Through simulations, it shows that a decrease in burst loss probability, cost effectiveness and a gain in processing time are obtained when optical label processing is used as compared with electronic processing.