Bitcoin trading activity has fallen to an eight-month low, with miners seeking to process transactions below the standard fee, causing controversy.

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Golden Finance reported that the seven-day average transaction volume on the Bitcoin network fell to 317,000 transactions last Friday, marking a new low since October 2023. Due to the sluggish trading activity, some miners have begun to look for transactions with fees below the Bitcoin Core default relay threshold (1 sat/vB). Mononaut pointed out that one of their transactions was submitted to the Bitcoin mining company MARA (formerly Marathon Digital), which publicly operates a non-standard low-fee transaction channel called Slipstream. On June 6, 31 Bitcoin Core developers jointly signed an open letter opposing node filtering of low-fee or non-standard transactions, emphasizing Bitcoin’s essential property as a censorship-resistant system. The developers pointed out that forcing users to use private channels like Slipstream would undermine decentralization. This stance was opposed by Jan3 founder Samson Mow and others, who believe that the core developers are removing protective mechanisms for garbage transactions.

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