Even after a century of investigations, our knowledge of how enzymes work remains far from complete. In particular, several factors that enable enzymes to achieve the high catalytic efficiency still remain only poorly understood. A number of theories have been developed, which propose or reaffirm that enzymes work as structural scaffolds, serving to bringing together and properly orienting the participants so that the reaction can proceed; therefore, only viewing enzymes as passive participants in the catalyzed reaction. Increasing evidence shows that enzymes are not rigid structures but they are constantly undergoing a wide range of internal motions and conformational fluctuations. In this perspective, based on studies from our group, we discuss the emerging biophysical model for enzyme catalysis that provides detailed understanding of the interconnection between internal protein motions, conformational sub-states, enzyme mechanisms and catalytic efficiency of enzymes. For a number of enzymes, networks of conserved residues have been discovered that span from the surface of the enzyme all the way to the active-site. These networks are hypothesized to serve as pathways of energy transfer that enables thermodynamical coupling of surrounding solvent with enzyme catalysis, and play a role in promoting the enzyme function. Additionally, the role of enzyme structure and electrostatic effects is already well known for quite some time. Collectively, the recent knowledge gained about enzyme mechanisms suggest that the conventional paradigm of enzyme structure encodes function is incomplete and needs to be extended to structure encodes dynamics and the catalytic rate-acceleration, and together these enzyme features encode function.