For the first time, a Bitcoin relic, known as “Epic Sat”will be auctioned by the stock market cryptocurrencies Asian CoinEx together the third largest mining group in the world, ViaBTC.
The auction of the Bitcoin relic is the first in history and offers began to be received during the halving and the competition will end when the last offer is received on Friday, April 26.
At 12:09 am on April 20, 2024 UTC, ViaBTC successfully mined block number 840,000. The appearance of this block marks the successful completion of the fourth Bitcoin halving.
According to the Ordinals protocol – a protocol that allows each satoshi on the blockchain to be identified and differentiated – the first sat in the order of each block is known as the rare sat.
Based on Bitcoin’s cyclical events, these rare sats are divided into six rarity levels: common, uncommon, rare, epic, legendary, and mythical.
Among these, the first sat mined in each halving event is designated as epic, a unique category of which only 32 exist, corresponding to the 32 halvings that Bitcoin will undergo. So far, only four epic sats have appeared, each of which has significant collectible value.
The auction has already started and will continue until April 26, 2024.
The sale of the original piece is made entirely in Bitcoin and started from 1 Bitcoin – today it has an approximate value of US$66,000 – and, as a rule of the auction, each new bid must exceed the original bid by 5%. last highest.
When the auction countdown ends, the highest bidder will win the item. The question the technological world is asking is how much will they pay for this historic and rare piece of Bitcoin?
Source: Ambito
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