ViaBTC Auction Bitcoin Halving Epic Rare Satoshis! The bidding price exceeded 5 BTC

This site (120bTC.coM): Bitcoin successfully completed the fourth halving at block height 840000 at 8:09 am on April 20. Data shows that the first A block reward of 3.125 BTC is mined by ViaBTC.

ViaBTC auctions epic satoshis, with an increase of up to 500 million times

According to ViaBTC’s official X platform account, ViaBTC has begun auctioning the first satoshi after the Bitcoin block reward is halved——" Sat1,968,750,000,000,000". At the same time, this is also one of the only 4 epic satoshis in the current Bitcoin ecosystem.

According to the auction platform provided by ViaBTC, the auction time will end at 0:00 on April 26, 2024. The starting auction price is 1 BTC. So far, the auction amount has reached 5.5 BTC (365,395 US dollars). ).

##Epic Satoshi Bidding

It is worth mentioning that one Satoshi is equal to 0.00000001 Bitcoins. If converted using the current bidding price of 5BTC, the increase will be close to 500 million times.

How to judge the rarity of satoshis

Each Bitcoin is composed of 100 million satoshis, called satoshis (or sats). The Ordinals protocol numbers satoshis, and each satoshi is numbered. Each has its own numerical number.

Regarding the rarity of Satoshi, according to the Ordinals official document, it is essentially a rarity system based on some regular events of Bitcoin itself, artificially assigning differences according to the rarity of regular events. .

These regular events include:

• Block: A new block will be mined approximately every 10 minutes, always at this value.

• Difficulty Adjustment: Every 2016 blocks, that is, every two weeks, the Bitcoin network adjusts the difficulty target based on changes in hash rate.

• Halving: Every 210,000 blocks, that is, every four years, the reward mined per block is halved.

• Cycle: Every six halvings, something magical happens: the halving and difficulty adjustment happen at the same time. This is called an "overlap" and the period of time between overlaps is called a "cycle". "Overlap" occurs approximately every 24 years. The first overlap should occur around 2032.

This brings us to the following rarity levels:

• Common: Anything other than the first Satoshi of the block Satoshi (total supply is 2,100 trillion)

• Uncommon: the first satoshi of each block (total supply is 6,929,999)

• Rare: The first satoshi of each difficulty adjustment period (total supply is 3437)

• Epic: After each halving First Satoshi (total supply is 32)

• Legendary: First Satoshi each cycle (total supply is 5)

• Mythic: The first satoshi in the genesis block (total supply is 1)

According to the rarity level, ViaBTC’s auction price By the time Bitcoin is mined out in 2140, there will only be 32 Epic Satoshis, and 4 have been mined so far (four halvings). The first legendary Satoshi will not appear until 2032. As for whether the mythical Satoshi still remains in Satoshi Nakamoto’s wallet, we don’t know.

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