Ethereum has shocked everyone by dethroning Bitcoin as the most valuable cryptocurrency this weekend.

At the time of writing, Bitcoin is valued at $2,933.29 per coin, while Ethereum is valued at $894.62 per token. This is a gain of more than 15% in just 24 hours and comes after a number of important announcements in the blockchain space.

The main focus of these announcements is Ethereum 2.0, a new version of the Ethereum network that will feature protection and other major updates to make it more scalable and efficient than the current version. in.

Sharding is the process by which multiple computers work together to run parts of a program instead of each computer running the whole thing on its own. Sharing reduces transaction costs and allows dApps to scale better while maintaining decentralization. The idea behind this change is to allow Ethereum 2.0 to process more transactions without crashing or freezing due to congestion issues like what happened with Visa last year during peak holidays.

This is not the first time Ethereum has usurped Bitcoin as the most valuable cryptocurrency – in November 2018 it quickly overtook Bitcoin for the position before tossing it back in January. 2019 after a wave