Ordinals and BRC-20 will disappear in a matter of months, says Jan3 CEO

Ordinals and BRC-20 are two technologies that have been making headlines in the cryptocurrency space lately. Ordinals allow users to inscribe data, including images and videos, into Bitcoin transactions. BRC-20 is a token standard that allows users to create fungible tokens on the Bitcoin blockchain.

However, Jan3 CEO Samson Mow has predicted that both Ordinals and BRC-20 will disappear in a matter of months. In an interview with Cointelegraph, Mow said that the hype around Ordinals and BRC-20 is unsustainable and that they are simply "short-term money grabs."

What are Ordinals?

Ordinals are a new way to store data on the Bitcoin blockchain. Ordinals are created by inscribing data into Bitcoin transactions. This data can include images, videos, text, or any other type of data.

Ordinals are created using a technique called Taproot. Taproot is a Bitcoin privacy feature that allows users to combine multiple transactions into a single transaction. This makes it difficult to track the flow of funds on the Bitcoin blockchain.

What are BRC-20 tokens?

BRC-20 tokens are a type of token that is created on the Bitcoin blockchain. BRC-20 tokens are fungible, meaning that each token is identical to every other token.

BRC-20 tokens are created using a smart contract. A smart contract is a self-executing contract that is stored on the blockchain. Smart contracts can be used to create a variety of applications, including decentralized exchanges and tokenized assets.

Why does Jan3 CEO Samson Mow think that Ordinals and BRC-20 will disappear?

Mow has given a number of reasons why he thinks that Ordinals and BRC-20 will disappear.

• Ordinals and BRC-20 are not sustainable: Ordinals and BRC-20 both rely on high transaction fees. Mow argues that these high fees are not sustainable and that they will eventually lead to the demise of Ordinals and BRC-20.
• Ordinals and BRC-20 are not secure: Ordinals and BRC-20 are both new technologies and they have not been fully tested. Mow argues that this lack of security makes them risky for investors to use.
• Ordinals and BRC-20 are not useful: Mow argues that Ordinals and BRC-20 do not offer any real utility. He says that they are simply "short-term money grabs" that are designed to exploit the current hype around Bitcoin.

What does the future hold for Ordinals and BRC-20?

It is difficult to say what the future holds for Ordinals and BRC-20. Both technologies are new and they are still evolving. However, it is clear that they face a number of challenges.

If Ordinals and BRC-20 are unable to address these challenges, then it is possible that they will disappear in a matter of months, as Mow has predicted. However, if they are able to address these challenges, then they could become important technologies in the Bitcoin ecosystem.

How can investors navigate the Ordinals and BRC-20 market?

If you are an investor, there are a few things you can do to navigate the Ordinals and BRC-20 market:

• Do your research: Before investing in any cryptocurrency, it is important to do your research and understand the risks involved. This is especially true for new and untested technologies like Ordinals and BRC-20.
• Invest cautiously: If you do decide to invest in Ordinals or BRC-20, it is important to invest cautiously. Start with a small investment and see how the market develops.
• Be patient: It is important to be patient when investing in any cryptocurrency. The market can be volatile and it can take time for new technologies to be adopted.

Ordinals and BRC-20 are two new technologies that have been making headlines in the cryptocurrency space lately. However, Jan3 CEO Samson Mow has predicted that both Ordinals and BRC-20 will disappear in a matter of months.

It is difficult to say what the future holds for Ordinals and BRC-20. Both technologies face a number of challenges, but they also have the potential to become important technologies in the Bitcoin ecosystem.

If you are an investor, it is important to do your research and invest cautiously when considering Ordinals or BRC-20. It is also important to be patient, as it can take time for new technologies to be adopted.