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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

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...
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Cardano launches smart contracts after successful hard fork

Cardano has completed its Alonzo hard fork to introduce Plutus-powered smart contract scripts.

On Aug. 12, Cardano tweeted that the upgrade had been completed successfully at epoch 290, facilitating the creation and execution of smart contracts on the public blockchain for the first time.

Despite celebrating the milestone, Cardano notes that it is still “early days for the project,” asserting that now is when "the mission truly begins” in a blog post published on the same day:

Cardano has announced the completion of its Alonzo hard fork, ushering in its long-awaited smart contract functionality.

“This is where the mission truly begins as we – the whole community – start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.”

The Alonzo fork enables smart contracts to be written for Cardano using Plutus scripts, which the team describes as “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.”

However, the team has encouraged its community to maintain sensible expectations for Alonzo, stating:

“There are high expectations resting on this upgrade. Some unreasonably so. Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DApps available immediately after the upgrade. Expectations need to be managed here.”

Cardano is a public blockchain that was founded by Ethereum co-founder Charles Hoskinson and developed by his research firm IOHK. 

While Cardano pledged to rival Ethereum’s dominance in hosting decentralized finance (DeFi) and Web3 applications, the project has garnered criticism for failing to deliver smart contract functionality until now despite launchin in September 2017.

Dominic Williams, founder of rival platform Internet Computer, slammed Cardano for the amount of time taken for the protocol to launch smart contracts, stating: “It amazes me that this chain had been in the market for 2 years, and is only just adding support for smart contracts, and people are happy with this progress.”

Cardano also copped flak in early September after the first DApp to launch on its test net encountered issues relating to failed concurrent transaction processing.

Outspoken Ethereum maximalist, Anthony Sassano, tweeted: “Seriously 6 years of "peer-reviewed" research and a $90bil+ market cap later and the first dapp on Cardano can't even do concurrent transaction processing (aka the very thing you need for DeFi).”

Cardano has since sought to address the criticism, asserting that DApps built on the protocol “are not limited to one transaction per block.”

Related: Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms

Despite its detractors, the hype for Candano’s upgrades recently drove its native token ADA into record highs, with ADA rallying 192% from a local low of $1.06 in late July to tag $3.10 on Sept. 3 according to CoinGecko. ADA is also up more than 1,600% since the start of 2021.

However, ADA has since dipped and spent the past week oscillating between roughly $2.30 and $2.80, suggesting many speculators may have bought the rumor and sold the news.

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