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MESG refers to a new app development economy where developers can earn money from the apps they are developing. Developers first create modular applications and then buy and sell components of the application (i.e. modules) on the open market. With MESG Engine, modules can automatically interact with each other, which saves developers a lot of time spent implementing functions and learning new languages and data formats. MESG is a development tool that can be used as a workflow generator, blockchain and IoT connector, lightning network deployer, decentralized processing solution, and more. MESG tokens can be used for staking dividends, component buying and selling, and rewarding platform participants.
Decentralized Execution
Become part of the decentralized network by executing transactions from other applications and get rewarded for your participation.
Securing the Network
All participants must deposit stake to guarantee availability and good behavior. Participants are then rewarded for validation of execution.
Using and Reusing Services
When a service is shared in a decentralized registry and run by others, rewards are sent to both the operator of the service and the original developer.
Native tokens are the driving force of the MESG network. Its main use is to create executions. MESG is the blockchain of execution, and any node on the network can handle execution and be rewarded for its work.
The target of execution is through the service. Any developer wishing to deploy their tasks on the MESG network can create a service.
To understand the economics of native tokens, we need to understand the execution lifecycle.
Execution Lifecycle:
A user requests a specific task from a service
An executor processes the execution and submits the result
A validator reaches a consensus on the validity of the executor's work
> Block producers verify the legitimacy of each actor in this execution
Incentives are rewarded in tokens to ensure that actors do their jobs correctly.