-
Essential
plans
to
offer
an
“intent-centric,
declarative
approach,”
which
differs
from
traditional
blockchain
in
that
it
leverages
users’
“intents”
–
constraints
that
express
desired
outcomes. -
User
intents
are
solved
off-chain
by
a
network
of
solvers
in
order
to
reduce
on-chain
computation.
-
04:05
How
DePIN
Revolutionizes
Crypto
and
Beyond -
01:24
Transactional
Freedom
Is
‘as
Important
as
Freedom
of
Expression’:
Robert
F.
Kennedy
Jr. -
20:26
What
On-Chain
Access
for
AGI
Unlocks -
02:06
Degen
Chain
Racks
up
Millions
in
Volumes;
Latest
in
Custodia
Bank’s
Legal
Battle
Against
the
Fed
Blockchain
project
Essential
has
raised
$11
million
in
Series
A
funding
led
by
Archetype
and
with
participation
from
several
other
high-profile
investors.
Essential’s
aim
is
to
offer
an
“intent-centric,
declarative
approach.”
This
differs
from
traditional
blockchain
in
that
it
leverages
users’
“intents”
for
desired
outcomes
rather
than
usual
transaction-based
interactions
where
users
must
specify
exact
instructions,
according
to
an
emailed
statement
on
Tuesday.
These
intents
are
then
solved
off-chain
by
a
network
of
solvers
in
order
to
reduce
on-chain
computation,
enabling
users
to
be
hands-off
from
the
step-by-step
“how
to”
part
of
a
transaction.
“This
shift
from
an
imperative
to
a
declarative
model
addresses
many
UX
issues
inherent
in
transaction-based
systems,
significantly
improving
user
and
developer
experience
while
enhancing
scalability,”
Essential
said.
Essential
is
also
rolling
out
“Pint,”
a
new
language
for
programmable
intents
for
developers
to
build
on
the
blockchain,
according
to
the
statement.
The
funding
round
included
contributions
from
IOSG,
Spartan,
Amber
Group
and
Big
Brain
Holdings.