In the three previous halvings, there was little up for grabs other than bragging rights for mining the first block. However, the advent of the Ordinals protocol meant sats – the smallest denomination of bitcoin, equal to 0.00000001 BTC – could be identified and traded as if they were unique tokens, similar to non-fungible tokens (NFTs) on other networks.
![wp-header-logo-58png - Eric Liboiron La Presse](https://i0.wp.com/ericliboironlapresse.com/wp-content/uploads/2024/09/wp-header-logo-58.png?fit=1200%2C628&ssl=1)