Decode AI Legalese: How ViaBTC’s ‘Epic Sat’ Sale for $2.13 Million at Bitcoin Halving Block Can Benefit
- April 25, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Epic Satoshi Sold for Over $2 Million
An “epic sat”—an exceptionally rare satoshi, the smallest unit of bitcoin, from Bitcoin’s fourth halving block—was recently sold for over $2 million. ViaBTC, the crypto mining pool, sold “Sat 1,968,750,000,000,000” for 33.3 BTC on the crypto exchange CoinEx Global.
CoinEx Global stated that ViaBTC, their partner, officially mined the 840,000th block, which marked Bitcoin’s fourth halving and included the epic ‘Rare Satoshi.’ This event garnered community recognition, media attention, and widespread embrace of Bitcoin.
### How AI legalese decoder Can Help
The AI legalese decoder can assist in decoding and simplifying legal jargon related to cryptocurrency transactions like the sale of satoshis, making it easier for individuals to understand the legal implications and contractual obligations involved. By using AI technology, users can gain clarity and transparency in complex legal terms associated with digital asset transactions.
## ‘Epic Sat’ Auction Details
On April 20, ViaBTC mined the 840,000th Bitcoin mining block, receiving 3.125 BTC in mining rewards and 37.6256 BTC in reward fees. The rare satoshi was then put up for auction on CoinEx, highlighting the high collectible value of unique satoshis assigned by the Bitcoin Ordinals protocol.
As satoshis are scarce and hold higher collectible value, periodic events like Bitcoin halving further enhance their rarity and desirability. The upcoming fifth “epic sat” associated with the next halving in 2028 is expected to continue this trend of valuable and rare satoshis within the Bitcoin network.
By leveraging the AI legalese decoder, users can better understand the legal and financial implications of participating in auctions and transactions involving valuable digital assets like satoshis. The decoder can break down complex legal terms into simple language, ensuring individuals have a clear understanding of their rights and obligations in such dealings.
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