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Essential
Essential is a declarative intent-centric layer-2 blockchain, deploying as an optimistic rollup on Ethereum. It leverages constraints to achieve state updates without execution, aiming to provide optimal outcomes for users, protect from MEV, and eliminate failed transactions. For developers, it offers a simplified and more secure way to build complex applications.
Distributed
Description
Essential is a declarative intent-centric layer-2 blockchain, deploying as an optimistic rollup on Ethereum. It aims to reverse the dynamic of imperative blockchain systems where intermediaries are incentivized to provide the worst possible outcomes. By leveraging constraints to remove the need for execution, Essential enables developers to build scalable applications that optimize for the best user outcomes. This declarative approach offers benefits such as optimal outcomes, defragmented liquidity, no failed transactions, protection from MEV, and native account abstraction for users. For developers, it provides expanded complexity and scope of applications, easier secure code writing, and no need to learn a new VM. For Web3, it eliminates costly on-chain execution and increases throughput without sacrificing decentralization. The architecture includes an executionless blockchain protocol, Pint (a constraint-based DSL for programmable intents), and a Solver Network where solvers compete to provide the best solutions to user-submitted intents.Grant Funding
VC Funding
None
2023
2024
$0
$16M