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Preact is an attempt to recreate the core value proposition of React (or similar libraries like Mithril) using as little code as possible, with first-class support for ES2015. Currently the library is around 3kb (minified & gzipped).
It retains a large amount of compatibility with React, but only the stateless functional components and [ES6 Classes] interface. As one would expect coming from React, Components are simple building blocks for composing a User Interface.