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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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ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October.

The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade. 

Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny Ryan.

Ryan described the technical upgrade as follows:

“This upgrade brings light-client support to the core consensus, cleans up beacon state incentive accounting, fixes some issues with validator incentives, and steps up the punitive params as per EIP-2982.”

EIP-2982 introduces “punitive parameters” to ensure that the proof-of-stake protocol is economically secure. “Inactivity leak” and “slashing” are the two proposed penalties under the improvement proposal.

Ethereum’s London hard fork arrived almost on schedule on Aug. 5, ushering in the highly anticipated EIP 1559 proposal. Proponents touted EIP-1559 as the deflationary switch because it involved burning base fees, thereby reducing the circulating supply of ETH.

Related: Ethereum alternatives and layer-one solutions see steady gains in September

Joseph Lubin, who co-founded Ethereum before moving on to ConsenSys, said London puts ETH on track to become “ultrasound money.” The concept of “sound” or “ultrasound” money was popularized by the Bitcoin (BTC) community and refers to an asset that is not susceptible to a sudden depreciation in value or purchasing power.

The ETH price was down sharply on Tuesday, as cryptocurrencies sold off along other risk assets, including stocks. ETH was last seen trading at $2,822, having declined 6.5% on the day.

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