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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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Zero-knowledge scaling tech Plonky goes live on Polygon

The move comes after Polygon allocated $1 billion to the advancement of zero knowledge technology.

On Monday, Polygon (MATIC), a layer-two Ethereum (ETH) scaling solution that is known for its fast transaction times and negligible gas fees, announced the launch of Plonky2, a zero-knowledge scaling technology, claimed to be the fastest in the world. Zero-knowledge algorithms ensure everything is correctly computed on layer two and return the succinct proof to Ethereum without sending the entire data. Instead of every miner (or staker) verifying every posted transaction, zero-knowledge allows the verification of simplified rolled-up proofs, thereby significantly speeding up the overall network.

As told by Polygon, recursive zero-knowledge proofs were largely theoretical in 2014. By 2019, it took about 120 seconds to generate them. In 2020, that number fell to 60 seconds. This year, Plonky2 is set to allow such proofs to be generated in just 0.17 seconds. The network's developers allege that it is 100x faster than existing alternatives.

Such a class of algorithms could potentially enable horizontal or linear scaling of blockchains in the future. Nodes do not need to store the history of the blockchain's transactions to be up and running, thereby increasing the network's capacity with each one added.

Polygon has committed $1 billion to the development of zero-knowledge technologies. In August, Polygon merged with the zero-knowledge blockchain Hermez Network for $250 million worth of MATIC tokens. In December, it announced the allocation of up to 250 million MATIC tokens to a deal with cryptography startup Mir. That firm specializes in the PLONK and Halo subcategories of zero-knowledge algorithms, with the latter not needing a trusted setup at all for the verification of proofs.

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