When compared to 2017’s bull market, Bitcoin’s transaction fees, network hashrate, and adoption have improved. Despite what naysayers might say, the fundamentals behind the original cryptocurrency continue to advance.
During the 2017 bull run, the slow nature of bitcoin transactions and the accompanying high fees made bitcoin almost impractical to use. Although the continuous upward price movements, at the time, brought about more adoption, an increasing number of transactions took an hour or more to confirm. Consequently, users had to pay increasingly higher fees to have their transactions validated within a reasonable timeframe.