Find out why Ethereum overcame the $1000 barrier

We already know that Ethereum has maintained a steady and stable growth but in all its history had not been able the barrier of the $1000 and today for the first time it succeeds and positions in $1044.36 as maximum value, the cause was explained in the official blog of Ethereum Project:

"The transaction volume has increased so much that the network is processing more than 10 transactions per second for several days in a row; 100,000 new accounts are opened daily and doubled the volume of transactions just a few months ago. For this, they will begin to perform upgrades to improve efficiency and test new applications. "

They did not stay in words so they confirmed having launched the Casper test network, which is a pythereum-based consensus algorithm with which they seek to make the transition from the work test to the participation test. This comes with a simplified code and an explanatory document of the basics of the system written by Vitalik Buterin and Virgil Griffith. So it is believed that this is the reason certainly that there could achieve that historical value.

The second probable reason is detailed information on the basic tools of the Sharding (the proposed solution to the problem of scalability of the network) in its version 1. In this new GitHub repository, the development has been migrated from Pyethereum to PY-EVM. components, such as the new transaction format and validation algorithm, are still under development.

The third in view of the future is the implementation that refers to Py-EVM, which can already run a minimalist lightweight node and allows full support of Byzantium. 12 Proposals for Ethereum Improvement (EIP) were also accepted. As for the tests performed on the platform, now the system will automatically check that all the tests have a filler file, and otherwise it will throw an alert. The random code option was revived to perform intelligent state testing randomly. And last but not least the latest update of Ethereum Remix will allow you to save transactions to be executed later.

Wao! Tremendous novelties and features that will certainly give greater agility and mobility to this fabulous cryptocoins for something is the 4 most famous in the world.

Vitalik Buterin announced, among other things, the creation of two subsidy programs to train independent teams to join research and development projects based on sharding or fragmentation (which implies fewer nodes for Verify transactions) and thus increase scalability in the base layer of the blockchain.

These are excellent news for the mine. Also, to look for second-tier solutions, looking for complementarity with each other. But this does not stop here, they announced that in the month of May the leading developer of the platform Ethereum, published an implementation guide for the first phase of ' Casper ', the next version of the Protocol, in this would begin to change the mining algorithm of the Proof-of-Work Cryptocoins (PoW) for the proof-of-Stake (PoS). Unlike the proof-of-work mining algorithm, where users must prove that they are placing a processing power quota to protect the platform and thus obtain new currencies as a reward, in the proof-of-stake algorithm the users receive New currencies by proving that they have left a certain amount of them in guarantee, which considerably improves the energy expenditure.

Source

So, I think you have opened a world of possibilities to this cryptocoins with these new updates, the problem will be to get it because I doubt that again lower its value, but surely if it increased in its current value.