We revisit the problem of solving the Einstein constraint equations in vacuum by a new method, which allows us to prescribe four scalar quantities, representing the full dynamical degrees of freedom of the constraint system. We show that once appropriate gauge conditions have been chosen and four scalars freely specified (modulo $\ell\leq 1$ modes), we can rewrite the constraint equations as a well-posed system of coupled transport and elliptic equations on $2$-spheres, which we solve by an iteration procedure. Our method provides a large class of exterior solutions of the constraint equations that can be matched to given interior solutions, according to the existing gluing techniques. This is joint work with Sergiu Klainerman.