Essential

Essential is a blockchain company building a declarative intent-centric layer-2 blockchain designed to solve the shortcomings of current imperative blockchains. Their solution, the first of its kind, leverages constraints to achieve state updates without requiring execution, making it inherently more scalable and efficient. This approach enables users to express their desired outcomes in terms of constraints, ensuring that state transitions always reflect their intentions. Essential believes this shift in paradigm will minimize extractive behavior, maximize user satisfaction, and unlock new possibilities for building sophisticated and scalable applications.

The company’s focus on user outcomes is reflected in their commitment to building open-source infrastructure and tooling. Their products, including the Pint programming language, a pre-alpha devnet, and comprehensive developer documentation, are designed to empower developers to experiment with the declarative paradigm and contribute to the development of an ecosystem that prioritizes user needs. Essential’s vision is to accelerate the transition from value extraction to intent satisfaction, ushering in a new era of independence and empowerment for users and developers.

Essential's mission is to accelerate the transition from value extraction to intent satisfaction in the blockchain space. They believe that the current transaction-based approach leads to inefficiencies and exploitation, and that by leveraging a declarative approach focused on user outcomes, they can create a more equitable and user-friendly ecosystem. This involves building intent-based infrastructure and tooling, including a declarative blockchain and a constraint-based programming language called Pint. Their goal is to empower developers and users alike, ensuring that value is returned to those who generate it, not extracted by intermediaries.

Essential promotes a culture of open collaboration and innovation, with a strong emphasis on building in the open and welcoming community feedback. Their mission is to accelerate the transition from value extraction to intent satisfaction, and they encourage developers to experiment with their pre-alpha devnet and contribute to their open-source projects. Essential values inclusivity and transparency, encouraging diverse perspectives and actively engaging with their community through their Discord and Twitter.