Jamie Crawley is a CoinDesk news reporter based in London.
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.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.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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