On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0
Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain.
Speaking to Bloomberg News from Singapore, Buterin said that EIP-1559 is “definitely the most important part of London.” The upgrade, which went live around 15 hours ago, has tweaked the fee generation mechanism resulting in a portion of the fees being burnt.
At the time of writing, more than 3,500 ETH worth around $9.8 million had already been burnt since the upgrade launched.
Buterin stated that the successful deployment of the London upgrade is “proof that the Ethereum ecosystem is able to make significant changes.” He added that the upgrade:
“Definitely makes me more confident about the merge,”
According to the official documentation, the current Ethereum mainnet will “merge” with the proof-of- stake Beacon Chain marking the end of proof-of-work for Ethereum. This is planned to precede the rollout of shard chains and is unlikely to happen this year, though Eth 2.0 researchers are working on ways to accelerate the timetable.
Once merged, the new mainnet will have the ability to run smart contracts on PoS eliminating the power-hungry mining operations and potentially lowering the network’s energy consumption by 99%.
Related: 99.98% less power: Lighthouse’s first Ethereum and Eth2 merge transaction
Apart from fee burning, the London upgrade also ushered in variable block sizes, which means that users are less likely to have to wait as long for transactions to be processed in fixed blocks when under heavy load. The blocks can now expand or contract dynamically to match the number of incoming transactions. Buterin said that this would vastly improve the user experience:
“Now it gets much easier to send a transaction that will get included in the next block and that’s very important to user experience,”
The developments have been positive for Ethereum market sentiment, with Forbes running an article on the upgrade claiming that ETH may even flip BTC.
At the time of writing, Ethereum was trading up 3% over the past 24 hours at a little under $2,800 according to CoinGecko. ETH has made an impressive 37% over the past fortnight and is up a whopping 280% so far this year.
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