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The name of blockchain developer Casey Rodarmor was largely unknown in the Bitcoin (BTC) community before 2023. That all changed in the space of several months when Rodarmor introduced two groundbreaking innovations. First, in January 2023, he debuted his Bitcoin Odinals theory, which allowed the identification and tracking of individual satoshis, the smallest units in a BTC coin. The Ordinals protocol made it possible to inscribe pieces of custom data into satoshis, ushering in the era of Bitcoin NFTs. Then, in September 2023, Rodarmor introduced the concept of Runes — a technology that facilitates the efficient issuance and management of fungible cryptocurrencies on the Bitcoin blockchain. The Runes protocol was launched right after the Bitcoin halving event on Apr 19, 2024.
By now, Rodarmor's ideas have attracted keen interest within the Bitcoin community. Hence, it's no wonder that another innovation of the ingenious developer — the rarity classification and index of satoshis on the Bitcoin network — has been the talk of the town in recent months.
Key Takeaways:
Rare sats are satoshis (the smallest units of Bitcoin) that possess some rare properties, such as being the first satoshi in a mined block.
The trading of rare sats has grown in popularity since developer Casey Rodarmor introduced the Bitcoin Ordinals protocol, and the classification of satoshis into different rarity categories.