What Are Rare Sats?
A small primer, and some simple ways to find them
Did you know that ever since Ordinals became a thing on Bitcoin earlier this year some people have been digging deep and both collecting and inscribing things on what are known as rare satoshis, or “rare sats” for short?
What the heck is a rare sat?
First, we need to step back and try to understand what a satoshi is before we can answer that question. According to Bitcoin wiki:
The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain.[1] It is a one hundred millionth of a single bitcoin (0.00000001 BTC).[1] The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.
One way to look at a satoshi is kind of like the pennies or the change of Bitcoin. A dollar can be split up into a hundred pennies. Bitcoin can be split up into 100 million satoshis.
In an easy-to-understand way, we could say that Ordinals are just a numbering scheme for tracking satoshis. Satoshis can have arbitrary data attached to them, like Bitcoin Apes, Bitcoin Punks, poems, video games, or even JSON text files in the case of BRC20 tokens.
