SESH Revealed: The Engine Behind Session Messaging App’s Secure Communication
Session-the encrypted messaging application that has earned great fame due to its staunch commitment to the privacy of users-is finally about to launch its own cryptocurrency, called SESH. Contrary to the usual hype-crazed cryptocurrencies, SESH is the supporting pillar of Session’s decentralised platform-that micro-economy enabling its more than 1 million monthly users outside of censorship and much more securely delivering the message.
So, what does a token need with a messaging application? What will SESH bring to the table that enhances a decentralised messaging experience? Check out the interview with Kee Jefferys, the co-founder of Session, to find the answers to these questions.
Understanding SESH and Its Role
What does SESH mean, and why is a token in need of a messaging app? Session Token needs no introduction, which is one of its key strengths. This token is the backbone for the entire decentralised Session network that ensures there is a sustainable incentive for Session Node operators around the globe. Such uniqueness tends to be rare among other messaging systems like Signal and Telegram because they operate completely on centralised servers, so if the company stops working, the entire messaging service dies with it.
SESH performs three main functions in the network. First, it makes possible the operation of a Session Node, which is the node that routes transactions and messages from Session users.
Second, users participating in staking or providing services on a Session Node will receive SESH as a reward, which will encourage them to offer the necessary storage and routing infrastructure to be harnessed by the other Session users.
Last, SESH can be used to improve the Session experience; users can exchange SESH tokens for a network fee, for which they want better storage, faster routing, and better transaction and message processing. Of course, this fee will then be part of the incentive program for the entire Session Node network.
In a nutshell, SESH fuels every aspect of this revolutionary networking infrastructure, making Session the most pioneering messaging application with a sustainable, decentralised, and very censorship-resistant network structure.
How Does SESH, in Its Turn, Power the Session Network?
For SESH to act as a Session Node, SESH must be staked. A set of Session Nodes is defined to store and relay all messages pertaining to the Session infrastructure. This means the Session network has raised the bar for attacks by introducing an increased stake requirement, thereby incentivising node operators and contributors to provide integrity for the network. This economic tie incentivises node operators to invest in good hardware and also encourages the protocol to penalise nodes based on their performance.
In addition, these operators and contributors are rewarded for validating transactions and taking care of message storage and routing. Within the economic framework of the Session Token scheme, the SESH Rewards Pool, which is a dynamic pool of tokens that reward Session Node operators, is critical to this structure.
The great news is that more functions will come soon that include premium features for dedicated Session users and handles for the Session Name Service (SNS). This will further lead to the burning of a higher amount of SESH tokens that are re-minted back into the rewards pool, thus increasing the size of the pool and the rewards available for operators in aggregate.
Long-lasting Target Under SESH
An objective of SESH is to prove that these messaging platforms (like Text Blast Campaigns, which has the function to send an automated text message broadcast to numerous people all at once.) that are prioritising user privacy could adequately compete with the mainstream ones. We keep seeing new people on boards with the Session app, and we have good faith that the next years ahead will remain bright. Simultaneously, Session continues to recruit node operators to reinforce the network’s robustness. The larger and more decentralised a network becomes, the better its security and the more genuinely decentralised its environment. These forthcoming months promise to be interesting for both Session and SESH.