Notes on the nature of Intent-Based Markets. In this blog, I discuss the work “An Analysis of Intent-Based Markets” by Tarun Chitra, Kshitij Kulkarni, Mallesh Pai, and Theo Diamandis. Intents have been touted as a way of expressing generalized transactions on blockchains. Intents allow users to express transactions with a set of conditions or covenants, and only if these conditions are met can the transaction be executed. Today, the most common sort of transactions on blockchains are “swaps” ...