Crypto Project Essential Raises $11M for 'Declarative, Intent-Based' Blockchain

• 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.

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.

Some other projects that are using the same process include Anoma and UniswapX .

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.

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