SideShift.ai

Welcome to the eighth edition of the weekly stats report - your one-stop shop
for all things SideShift.ai.


XAI Token Market Update


The price of XAI is currently hovering around the $0.17 mark and bounced within
a seven day range of $0.165993 / $0.177299. When looking at the price history of
XAI over the past 10 months, the lower end of this range has demonstrated
support, with price bouncing up from this area a few times now. Only when
looking back a full year will you find XAI at a cheaper price, a period when the
price jumped from $0.10 to $0.30. XAI finished the week in position #925 with a
market cap of $7.97m.


As volume was steady this week, the APY shined. It averaged a daily payout of
55.01% which is ~29% higher than the yearly average, and in fact is the highest
weekly average noted since tracking this statistic. On June 23rd a weekly
rewards high of 101% (62,269.59 XAI) was distributed to stakers following a
volume day of $1.9m. XAI stakers have now enjoyed consecutive weeks with a daily
APY that was >100%. 


Additional XAI updates:

Total Value Staked: 32,748,702 XAI
Total Value Locked: $5,510,443


General Business News


SideShift had a strong week, and saw a 30% volume increase from the previous.
Our weekly volume totalled $9.95m, and did so with 15% less shifts. The total
shift count for the period was 5,174, which is actually the lowest weekly count
observed in 2022 thus far. This week saw a daily average of $1.42m on 739
shifts, with a very large portion of shift volume coming from a few select
coins. 


This week brought an incredible frenzy of BTC deposits - just shy of $7m - which
smashed our record for a single coin’s weekly deposit volume. BTC alone
accounted for 70% of deposit volume, and second place wasn’t even close (XMR
with $543k). This high concentration of BTC deposits was almost entirely shifted
to BCH, with the BTC/BCH pair representing $5.84m of weekly volume. This figure
also was record breaking, and was the highest weekly volume that’s been achieved
by a single pair. 


BTC/BCH has now been the most popular pair for 9 straight weeks, and this week
alone represented 58.72% of volume - a figure that is >12x higher than the
second most popular pair (BTC/ETH with $463,825). The directionality was very
much one way, with discrepancies in BTC and BCH deposit/settle volume being very
noticable. The respective differences for deposits vs. settlements were $6.98m
vs. $917k for BTC, and $179k vs. $6.14m for BCH. 


Stablecoins were of far less interest this week when compared to last. Whereas a
majority of shifts last week (51%) contained a stablecoin, this week totalled
just ~16%. ⅔ of this 16% came from users shifting to stablecoins, with only ⅓
coming from deposits. People are not separating from their stablecoins yet,
perhaps expecting yet another dip and waiting to pounce. Still, BTC/USDT (ERC20)
ranked as our third most popular shift pair with $325k in weekly volume, but
paled in comparison to our most popular pair of BTC/BCH. 


As noted last week, the concentration of value in the top 3 coins has grown once
again. Our top 3 settle coins of BCH, BTC, and ETH accounted for a staggering
80% ($7.92m) of settle volume. The top 3 deposit coins combined for an identical
80% of deposit volume, but with XMR replacing BCH. 


As a result of the CoinFLEX drama, we saw a quick boost in SmartBCH deposits on
June 23rd. $260k of SmartBCH was shifted into BCH, ranking it as our 5th most
popular deposit coin for the week. This was substantially higher than the
typical $4-5k range seen in recent weeks, and mostly came from one single user.


Subsequently, as the situation continued to develop we had to disable SmartBCH
and FlexUSD deposits. Aside from this SideShift functioned smoothly and looks to
be closing out the month with the monthly volume trendline firmly tilted
upwards. 




Integration News


As a whole, this week’s integration volume was dialed back a bit when compared
to the very strong showing last week. 

That’s all for now. Thanks for reading, happy shifting and we’ll see you next
time.

SideShift.ai Weekly Report | 21st - 27th June 2022

Welcome to the seventh edition of the weekly stats report - your one-stop shop
for all things SideShift.ai.


XAI Token Market Update


At the time of writing SideShift token (XAI) is sitting at the absolute low end
of the weekly range with a price of $0.164743. This week’s price bounced between
$0.163835 / $0.200578 and incurred a drop which came late on June 21st. XAI
finished the off week in position #900 with a market cap of $8.07m. 

It’s a great time to be a XAI staker, as the APY averaged 36.77% for the week
(~10% above our all time average). On June 21st a weekly high reward sum of
64,204.45 XAI was distributed to stakers which amounted to an incredible APY of
106.58%. This was the result of both a decrease in XAI price and steady overall
site volume.

XAI has also had quite an increase in overall shift volume on SideShift.ai, as
deposits and settlements combined for $172k this week. This is nearly 2.5x
higher than the previous period, and ranked XAI as our 9th most popular coin
when measuring deposits and settlements together. The majority of this XAI
volume came from the deposits side, with the most popular pair of XAI/XMR
totaling $56,393 for the week. 


Daily Volume vs. APY %Additional XAI updates:

Total Value Staked: 32,604,199 XAI
Total Value Locked: $5,225,002


General Business News:


SideShift had a very solid week netting $7.64m in weekly volume for a daily
average of ~$1.1m. Shift count has remained on par with previous weeks, yielding
a total of 6,096 shifts. An unusually busy weekend resulted in volumes of
$1.43m, and $1.76m on the 18th and 19th, respectively. This is atypical, as
SideShift usually encounters more action on weekdays. Statistically our numbers
look very similar to last week, but the distribution is indeed very different. 

BTC deposits were in full charge this week, representing a huge 45% ($3.46m) of
weekly deposit volume. Bitcoin also proved to be the most sought after settle
coin, accounting for 27% ($2.03m) of settle volume and edging out BCH (24%) for
first place. These deposit and settle totals are the highest volumes observed in
the past 5 weeks for a single coin.

From this deposited BTC, 49% ($1.7m) was shifted to BCH, which has now remained
our most popular pair for the 8th consecutive week. An additional 34% of BTC
deposits were shifted to USDT and USDC on the Ethereum network, when combined.
This means a whopping 83% of BTC was shifted to just 3 coins. ETH has taken a
back seat for the time being, accounting for a modest 10% of each the deposit
and settle volume, and leveling out at around ~$750k per side.

As the market continues to slide there was no surprise that we noticed a big
uptick in overall stablecoin activity, with 51% of our weekly shift volume
containing a stablecoin on one side. Overall stablecoin volume as a deposit vs.
settlement however was quite balanced, with respective totals of 26% and 25%.

USDT on the Ethereum network was most favored by users, and ranked 3rd most
popular in both deposits and settlements. For our top stablecoin, market
sentiment seemed to remain quite fearful though, as settlements ($1.06m)
outweighed deposits ($789k). The same can be said for USDC on Ethereum which was
the second choice among stablecoins and ranked 5th most popular in both deposits
and settlements, with settlements ($633k) once again outweighing deposits
($458k). 

The increased use of stablecoins on SideShift is clear - even less favored
stablecoins DAI and USDC on the Polygon network nearly doubled in overall action
this week, with respective total volumes (deposit + settlements) of $234k and
$142k. The below chart displays total stablecoin action when compared to overall
SideShift daily volume for the past month - a prominent uptrend can be seen. 

A final note is a recurring pattern in the percentage concentration of our top 3
coins. Now for the second week, the “top 3” settle coins made up ~65% of overall
volume. Interestingly, the exact same percentage is true for the deposit side.
The coins however have rotated slightly, with USDT(erc20) now joining BTC and
ETH on the deposit side, and BTC and BCH on the settle side. This will be an
interesting metric to observe as market sentiment changes over time. Perhaps,
this percentage will be larger during bear markets and smaller during bull
markets. We will keep close watch.

Throughout the week SideShift functioned smoothly, with only brief downtime due
to Cloudflare issues. Zcash (ZEC) was also temporarily disabled due to an issue
generating deposit addresses. It has since been resolved and everything is
functioning normally. 


Daily Volume Vs Stablecoin Volume
That’s all for now. Thanks for reading, happy shifting and we’ll see you next
time.

SideShift.ai Weekly Report | 14th - 20th June 2022

Welcome to the sixth edition of the weekly stats report - your one-stop shop for
all things SideShift.ai.


XAI Token Market Update


This week’s APY had a sprawling range that spanned from the low teens to the
high thirties. The average for the week was 26.47%, with a daily APY high of
39.72% coming on June 13th, following a daily volume of $1.64m.

XAI has now closed the week firmly within the top 900 and currently sits in
position #861. It is great to see XAI holding its place and actually making
forward progress amidst the market dump. At the time of writing, the price of
XAI is $0.195833 and has a current market cap of $9.22m. SideShift’s volume has
picked up alongside the market volatility, averaging just over $1.07m per day.
This is a ~44% increase from the previous week’s average.


Daily volume & XAI staking APY over the week.

Additional XAI updates:


Total Value Staked: 32,809,491 XAI
Total Value Locked: $6,307,831


General Business News:


This week saw the markets crash yet again, and SideShift encountered more action
as a result. The weekly volume summed at $7.47m, alongside a total shift count
of 5,834. When compared with last week’s net volume of $5.31m, this is a solid
~40% increase. This sizable jump in volume was accompanied by only a 2.3%
increase in shift count week on week, suggesting that users were shifting a
larger average amount per shift.

BCH settle volume has roared back to life with a net total of $1.9m for the
week. This move firmly positioned BCH in the first place as our most demanded
settle coin. The BTC/BCH shift pair was the most popular yet again, now for the
7th consecutive week. A whopping 57% of BTC deposits were shifted to BCH when
measured by volume, which is significant when you consider the fact that BTC
deposits more than doubled from last week. This pair accounted for a substantial
24.62% of the weekly volume but only 4.8% of the total shift count, which
indicates a much higher average amount per shift when compared to the volume of
other pairs. 

BTC deposits have now begun to diverge from settlements, with deposit volume
sloping upwards while settlements remain relatively flat. We witnessed 101%
growth in BTC deposits when compared to last week, and it was our most deposited
coin by far, with $3.23m (43% of deposits). The next closest was ETH, with
$1.23m (16%) in deposit volume. In fact, both the deposit volume of BTC and ETH
were the highest that they’ve been in the past 4 weeks. 

The top 3 settlement coins (BCH, BTC, ETH) dominated with 64% of settle volume.
This is a ~12% increase from last week. Also, the percentage of shifts settling
to coins outside of the “top 10” is shrinking - this week accounting for $485k
(6.5%) of settle volume. All of this tells us that, by and large, people appear
to be steering clear of alts for the time being. 

It is interesting to observe the continued influx of Cardano (ADA), which for a
second week has seen a sizable deposit total of $203k. 97% of ADA deposits
settled to USDC (erc20), which was the same pair of choice as last week. These
deposits ranked ADA as our 8th most popular deposited coin for the week. 

Finally worth noting is a stack of shifts coming from an affiliate on the 11th
and 12th, which largely settled to ETH on the Optimism network. The majority
were very low volume, but this placed ETH (opt) as our 10th most popular settle
coin when measuring by count.

Although the general market is quite rough, SideShift continues to move forward
step by step with a sharp focus on building and growth. We encountered no major
issues throughout the week. 


SideShift.ai top 8 weekly settle coins.
That’s all for now. Thanks for reading, happy shifting and we’ll see you next
time.

SideShift.ai Weekly Report | 7th - 13th June 2022

AI has compiled a quick start guide for the Lightning Network. Learn about the go-to wallets and services to deep-dive into layer two. Good job!

Lightning Network: The Quick Start Guide

Only a few years ago, Bitcoin adoption was a pipe dream. Fast forward to the
present day and it has become a legal tender of a nation-state
[https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html]
. However, with greater adoption comes greater transaction load on the network.
Bitcoin is infamous for network congestion in periods of high demand. It has
resulted in it being considered more of a Store of Value (SoV) than a currency.
This is where the Lightning Network comes in! AI takes a dive into the products
and tools of the go-to Bitcoin layer 2.

What is the Lightning Network?
The Lightning Network (LN) is a scaling solution deployed on top of the Bitcoin
main chain to enable cheap and instantaneous transactions. The biggest criticism
of Bitcoin as a currency has been its slow transaction speed of only 5-6
transactions per second (TPS), which leads to a congested network and high
transaction fees. This makes it very difficult for Bitcoin to be used as a
currency for daily transactions. It has almost become a meme. During periods of
high network congestion a HUMAN paying for a cup of coffee using Bitcoin can
lose more in transaction fees than the cost of coffee itself. The Lightning
network dramatically increases efficiency and reduces cost of transactions to
almost zero.

How Can HUMANS Use the Lightning Network?
HUMANS can use Lightning with either custodial or non-custodial wallets. The
majority of Bitcoin LN wallets allow both, with the level of difficulty decided
by the user. The custodial method is easy to use and requires not much technical
expertise. It does however involve default risk from the custodian.
Non-custodial solutions requires you to run your own node and an LN daemon (LND)
on top of it. It also requires you to lock some Bitcoin in inbound and outbound
channels.

Already sounds complex, right? AI understands the limitations of a non-technical
HUMAN brain. HUMANS interested in the technical aspects of LN can look at the
research done
[https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-1-can-i-compile-and-run-a-node-cd3138c68c15] 
by AI creator Andreas Brekken [https://twitter.com/abrkn]of Shitcoin.com
[https://shitcoin.com/]. For this article, AI will take a look at popular
wallets, tools and avenues that HUMANS can use to experience the lightning
network.

Wallets
To get started, you will require a wallet with LN support. AI takes a look at a
few popular wallets that enable lightning-fast Bitcoin transactions for HUMANS.

Blue Wallet [https://bluewallet.io/]
Arguably one of the most popular lightning network wallets. Blue wallet
[https://bluewallet.io/] is lightweight and has an intuitive UI. It supports
both main chain and LN transactions. The wallet has in-app browser support for
accessing lightning network apps. Users can access the Lightning wallet service
within Blue wallet either by connecting it to their own LND node or using their
custodial offering which is easier to use for first-time USERS. Blue Wallet is
highly recommended for USERS looking for an app with great UI that does not
compromise on functionality.

Phoenix Wallet [https://phoenix.acinq.co/]
Phoenix wallet [https://phoenix.acinq.co/] is an LN native wallet. It has found
an innovative way to offer great UI while still maintaining its non-custodial
nature. Phoenix runs a self-contained Lightning node on your phone. The USER
stays in control of the funds. Phoenix wallet also takes away the complexity
(more of a headache for HUMANS) of maintaining lightning channels by offering
automatic on-the-fly channel creation for a small fee. All in all an easy-to-use
non-custodial wallet. AI approves.

Muun Wallet [https://muun.com/]
Muun wallet [https://muun.com/] is a great wallet if you often receive payments
via LN and want to store it on-chain. It is a self-custodial wallet with unique
trade-offs that sometimes result in relatively higher fees than the wallets
mentioned above. It moves the funds from LN to on-chain BTC network for a safer
storage experience and uses submarine swaps
[https://blockonomi.com/submarine-swaps/] to convert on-chain BTC to LN in
real-time for LN transactions. It optimizes the fees based on transaction sizes
as well. Larger transactions will have higher fees and vice versa for small
transactions.

Honorable mentions: Wallet of Satoshi [https://www.walletofsatoshi.com/], Zap
[https://zaphq.io/], Breez [https://breez.technology/]

Lightning Services
Now that HUMANS have their LN wallets set up, they are ready to spend their sats
without worrying about insanely high fees. There are a lot of physical
businesses popping up that have started accepting LN transactions for payments,
especially in countries with positive Bitcoin regulations. Apart from regular
businesses, there are a slew of online services that accept Bitcoin on LN as a
form of payment. AI takes a look at a few of the offerings.

Bitrefill [https://www.bitrefill.com/]
Bitrefill [https://www.bitrefill.com/] has been helping HUMANS trade Bitcoin for
gift cards for many years. It offers a range of services and products all of
which can be paid by LN and other crypto transactions. HUMANS can also use
Bitrefill to pay their bills.

The Blockstream Store [https://store.blockstream.com/]
With their own implementation of c-lightning
[https://blockstream.com/lightning/] Blockstream have been integral to the
Lightning Network's growth. The Blockstream Store
[https://store.blockstream.com/] is a showcase of sorts. Lightning adopters can
browse their swag and pay with Lightning. Good job! 

FinalMessage.io [https://finalmessage.io/]

All of the AI information database is secured and completely backed up. But as a
HUMAN, have you ever had some information that you wanted to transfer to some
other HUMAN but are waiting for an opportune moment to transfer it? Unlike AI,
HUMANS are mortal. What if something happens to you before that opportune moment
arrives? FinalMessage [https://finalmessage.io/] aims to tackle that problem by
offering a dead man’s switch [https://en.wikipedia.org/wiki/Dead_man%27s_switch] 
as a service.

HUMANS can create a password-protected message destined for a particular email
address, which will only get sent if the dead man’s switch gets triggered. The
user has to make small LN or BTC payments at set intervals to prevent the switch
from getting triggered. In case of non-payment, the worst is assumed and the
mail is sent to the configured email address. Definitely an interesting use case
for passing sensitive data, good job! 

Silent.Link [https://silent.link/]
One for the privacy enthusiasts. Silent.link [https://silent.link] enables users
to acquire burner eSIM cards with global messaging and data plans enabled on
them. The eSIMs they offer can be used with any eSIM compatible phone and
combined with a few other resources can help you become the ultimate private
Bitcoin USER. For individuals interested in doing more in-depth research in
achieving mobile Bitcoin privacy, AI recommends this article by Bitcoin Magazine
[https://bitcoinmagazine.com/guides/how-to-establish-mobile-bitcoin-privacy-with-a-pixel-4a-and-calyxos]
. 🎈

Honorable mentions: 
 * BottlePay [https://bottlepay.com/] - Easy Bitcoin payments.
 * Living Room of Satoshi [https://www.livingroomofsatoshi.com/] - Pay bills in
   Australia.
 * InGames.net [https://lngames.net/] - Provably fair simple games.
 * LN Markets [https://lnmarkets.com/] - Trade derivatives on Bitcoin's
   Lightning Network.
 * Lightning Roulette [https://lightning-roulette.com/] - Lightning Network
   roulette in Europe.
 * CoinCards [https://www.coincards.com/] - Gift cards, mobile top-ups and
   prepaid vouchers from hundreds of retailers.
 * Zebedee [https://zebedee.io/] - Play CS:GO for Bitcoin!
 * sms4chats [https://sms4sats.com/] - Send and receive SMS without giving your
   phone number.

The Next Phase
Lightning development was initiated when Joseph Poon and Thaddeus Dryja
published a Lightning Network white paper draft in February 2015. Since then,
innovations and inevitable roadblocks have occurred as the network is growing.
2021 has seen a rise of momentum with increased Bitcoin adoption as well as
higher Bitcoin value against fiat currencies. LN assisted with the adoption of
Bitcoin as a legal tender in El Salvador by making cheap payments possible for
USERS. Despite witnessing a fair bit of success, the adoption has been slow on a
global scale. It has slowly started to grow as we see more acceptance for
Bitcoin worldwide. The same is reflected by the growth of the network as well
[https://www.theblockcrypto.com/linked/108718/bitcoin-lightning-network-capacity-accelerates-to-1500-btc]
.

AI is a Bitcoin BULL and welcomes innovation on the Lightning Network. 
SideShift.ai [https://sideshift.ai] enables instantaneous SHIFTS between Bitcoin
LN and other supported cryptocurrencies. WELL DONE! 🎈

Bitcoin

Lightning Network: Engage

From true privacy coins like Monero to other coins that give Users an option to maintain privacy, what is so special about them? AI investigates.

Error: Privacy Not Found

Humans and AI both live in a world that is becoming more interconnected each
day. It has a lot of advantages but it also comes with its share of
disadvantages, one of them being encroachment of privacy. 

Seeing this, it comes as no surprise that a growing number of crypto-friendly 
Humans are turning to privacy coins to preserve their financial privacy. From
true privacy coins like Monero to other coins that give Users an option to
maintain privacy, what is so special about them? AI has done some analysis on
how Humans can protect their privacy…

While most cryptocurrencies are pseudo-anonymous, they can still lead someone to 
User’s complete financial history. If an address is associated with an identity
it loses all of its privacy. Anything done using that address can be linked to
the USER of that address. On the other hand, privacy coins allow USERS to
actually remain anonymous on different, coin-specific levels.

Identified: High Demand for Data
User data holds immense value. Users are targeted on a daily basis based on
their online activity. Financial data plays an important role in determining
what kind of products a user would buy or what kind of activities a user would
partake in.

It has become regular practice by a lot of organizations, both public and
private, to commoditize user data and leverage personal data to make money or
exercise control. It would still be okay if humans knew only certain entities
have user data so that humans can opt-out as and when required, but that is not
the case.

Data kept stored with centralized entities is vulnerable. There have been many
hacks and there have been leaks of personal data on numerous occasions. If this
data lands in the hands of bad actors, the humans associated with the data can
be easily targeted. The recent data leak
[https://decrypt.co/53961/bitcoin-wallet-ledger-discovers-full-extent-hack] from
hardware wallet manufacturer Ledger is a prime example of this.

This has therefore created a need for methods that enable HUMANS to take control
of their personal data, enter privacy coins.

Do Bitcoin and other cryptocurrencies lack privacy?
Every coin has a use-case and utilizes different consensus mechanisms. It is
difficult to analyze each and every coin to determine why are they not
privacy-oriented. 

AI will take the biggest coin by market cap, Bitcoin, to demonstrate how the
currency is not private but provides pseudo-anonymity. Users can associate the
points mentioned below with the crypto of their choice to see how private their
favorite crypto really is.

Peer-To-Peer Nodes
Bitcoin is a peer-to-peer network which means the nodes can be connected to each
other. With a bit of internet knowledge, on-chain analysis, and some deductive
reasoning, it is possible to uncover transactions on the network and link them
to individuals. It is not an easy task to perform but certainly very possible.

Bitcoin Public Ledger
Since the Bitcoin blockchain is a public ledger, every human on earth can view
each and every transaction, ever. If an address is linked to a user, other
addresses linked to the user address can be tied to the same user.

Social Media Interactions
Humans who are not well versed in the privacy aspect of their digital life might
post a harmless crypto address online. That address can be used to link the user 
to transactions and that can further be used to uncover a lot of sensitive user 
data.

Know Your Customer
If a user trades on an exchange that has a fiat on-ramp, it is likely that the 
user has undergone KYC verification. That can be used to link on-chain activity
to the user.

All these things make Bitcoin an easier alternative to traditional finance but
do not really help in increasing user privacy. All is not bleak though for
privacy-oriented Bitcoin USERS.

PayJoin (Bitcoin)
Over the years, there have been a lot of improvements in the Bitcoin code that
makes it possible to attain a certain level of privacy while doing transactions.

PayJoin is a CoinJoin implementation and is one such feature that helps Bitcoin 
users achieve privacy while doing transactions. It does so by breaking the
common input ownership heuristic. This makes it difficult to associate the
inputs with a single user. Moreover, it makes it hard to identify the
transaction as a CoinJoin transaction as unlike regular CoinJoin transactions, a
PayJoin transaction does not generate outputs of equal value.

PRIVACY COINS
Privacy-focused cryptocurrencies are assets that enable users to exercise
anonymity while performing blockchain transactions. The users can take control
and maintain the privacy of their transactions without ever needing a
third-party. Smart use of these privacy coins can help the users use other coins
in a more private way too. 

Privacy Coins on SideShift.ai
AI was designed to assist humans. SideShift.ai allows humans to use privacy
coins such as Monero (XMR), and others with privacy features such as ZCash (
ZEC), Dash (DASH), and Bitcoin (PayJoin) to ensure privacy while shifting to and
from various cryptocurrencies. 

Monero (XMR)
Monero is the most popular privacy coin in the world. Monero makes a transaction 
unlinkable and untraceable using ring signatures and stealth addresses. This
makes the transaction private on both sender and the receiver end.

If users transfers XMR using an exchange, the exchange would know the address
that it has been sent to but would not be able to track any further movements. 

The amount being transferred in the transaction also stays private using Ring
Confidential Transactions. Monero is the market leader when it comes to privacy
coins with a market cap of $2,968,448,836
[https://www.coingecko.com/en/coins/monero], at the time of this article being
generated by AI.

Zcash (ZEC)
Zcash utilizes the concept of Zero-Knowledge Proofs to allow users to transact
among themselves without revealing their addresses to anyone else. Zcash is not
private by default, users have the ability to hide (shielded addresses) or grant
access (transparent addresses) to their addresses.

Zcash believes privacy is all about choice and for that reason it leaves the
decision up to the user: which address the user wants to be private and which
address should remain transparent. 

Transactions are verified using zk-SNARKS which stands for Zero-Knowledge
Succinct Non-Interactive Argument of Knowledge. It refers to a proof
construction where one can prove possession of certain information, e.g. a
secret key, without revealing that information, and without any interaction
between the prover and verifier.

DASH
DASH launched in 2014 and is widely accepted to be the first-ever privacy coin.
It is a fork of Bitcoin with some additions to it over the period of time. It
makes use of a feature called PrivateSend to achieve privacy. It is in a way 
similar to CoinJoin on Bitcoin. 

If the user does a PrivateSend transaction, the master nodes can mix it with
other transactions thereby making it difficult to track. The wallet’s inputs and
outputs are still visible, but the connection between the sender and receiver is
untraceable. Just like with physical cash. Considering it was initially marketed
as a privacy-centric cryptocurrency, AI finds it highly amusing that the Dash
Core Group, the body overseeing the asset and its development no longer views it
as a privacy-focused coin due to its similarity to CoinJoin and the optional
nature of the PrivateSend feature. 

SideShift.ai's Commitment to Privacy
SideShift.ai [https://sideshift.ai/] is a No Sign-Up crypto Exchange. That makes
it highly improbable for the AI to link human transactions to human identities. 
Humans can also utilize the availability of the privacy coins mentioned above to 
shift in a more private manner. With the advancement in tracking technology
[https://cointelegraph.com/news/chainalysis-can-now-track-your-privacy-coins-zcash-dash]
, no one knows how long these coins will remain private. 

In any case, AI will keep assisting humans. 

Brother ShapeShift recently delisted Monero
[https://decrypt.co/47508/shapeshift-quietly-delists-monero-privacy-coin] but AI 
is committed to preserving humans privacy. 

Good job! 🎈

AI has compiled some predictive data models for Bitcoin to help humans make an informed decision about when to buy or sell. Good job!

Bitcoin Analysis: Complete

Gold 2.0. The hardest money ever. The soundest money ever. On analyzing the
Bitcoin-only space from a macro perspective, AI has come to the conclusion that
most Bitcoiners are maximalists but not every Bitcoiner is a HODLer.

For humans, who were not early in securing their bags or are not rich enough to
buy as much as Bitcoin as they would want, trading Bitcoin is the only way to
increase their portfolio to a satisfactory size. Good job!

While some humans leverage the risk and prefer high volatility, for others the
high volatility is intimidating and they like to play the swings, slowly over
the larger market cycle.

To help humans, AI has compiled some predictive data models for Bitcoin to help 
humans make an informed decision about when to buy or sell in order to stack
more sats.

Bitcoin Mayer Multiple
Introduced by the now infamous human, Trace Mayer
[https://twitter.com/TraceMayer], who was a famous Bitcoin podcast host and is
also credited for the concept of Proof of Keys. The Mayer Multiple
[https://mayermultiple.info/] can be used to analyze the price of Bitcoin in a
historical context, i.e, against its historical price movements. The Mayer
Multiple is calculated by dividing the Bitcoin price by its 200-day moving
average.

Mayer Multiple on TradingView
[https://www.tradingview.com/chart/BTCUSD/dBDLVbIz-The-Mayer-Multiple/]
Historically, it has been a good time to accumulate Bitcoin when the Mayer
Multiple is below 2.4. This value can change over time as Bitcoin as an asset
becomes less volatile over time. The current value of Mayer Multiple can be
checked here [https://mayermultiple.info/].

Bitcoin NVT Ratio
Introduced by HUMAN Willy Woo through a tweet
[https://twitter.com/woonomic/status/835015883051298816] in 2017, the Bitcoin
NVT (Network Value to Transactions Ratio)
[https://charts.woobull.com/bitcoin-nvt-ratio/] is used to determine whether the
network is overvalued or not by analyzing the on-chain value being transferred
through the BTC network. Bitcoin’s NVT is calculated by dividing the market cap
by the daily USD volume transmitted through the blockchain.

Bitcoin NVT Ratio on TradingView
[https://www.tradingview.com/chart/BTCUSD/W6HKLcs0-NVT-Ratio-and-Signals/]A high
NVT score can indicate either that the investors are speculating and valuing
Bitcoin to be a high return investment or the price is in an unsustainable
bubble.

Willy Woo has published detailed articles on how NVT can help humans determine
market tops/bottoms
[https://woobull.com/nvt-signal-a-new-trading-indicator-to-pick-tops-and-bottoms/] 
and how it can be used to detect market bubbles
[https://woobull.com/introducing-nvt-ratio-bitcoins-pe-ratio-use-it-to-detect-bubbles/]
.

The Puell Multiple
Created by the human David Puell [https://twitter.com/kenoshaking], this
indicator looks at the supply side of the Bitcoin economy by including the daily
issuance of the BTC by the miners in the equation. The Puell Multiple
[https://www.lookintobitcoin.com/charts/puell-multiple/] is calculated by 
dividing the daily issuance value of bitcoins (in USD) by the 365-day moving
average of daily issuance value.

Bitcoin miners have to continuously sell their coins as they need to recover
their mining expenses. AI did some calculations and has come to the conclusion
that there can be instances when the supply of Bitcoin entering the market can
be higher than or lower than the historic trend. Identifying this can help the
investors in spotting the supply/demand imbalance thereby providing good
opportunities to enter or exit the market.

Puell Multiple on TradingView
[https://www.tradingview.com/chart/BTCUSD/0MBq1ovR-Puell-Multiple/]Users can
refer to the detailed article on the Puell Multiple here
[https://medium.com/unconfiscatable/the-puell-multiple-bed755cfe358].

MVRV Z-Score
MVRV Z-Score [https://www.lookintobitcoin.com/charts/mvrv-zscore/] tries to
determine whether Bitcoin is overvalued or undervalued relative to its ‘fair
value’, using chain analysis.

Here, the Realized cap takes the price of each Bitcoin when it was last moved
i.e. the last time it was sent from one wallet to another wallet. It then adds
up all those individual prices and takes an average of them. It then multiplies
that average price by the total number of coins in circulation. Realized cap
removes the short term market sentiment that is associated with Market cap.

So, Z-score can be called a standard deviation test that helps to pull out the
extremes between the market cap and the realized cap which helps in determining
a ‘fair value’ for the coin. AI hopes that smart humans were able to grasp the
above sentences, good job!

The MVRV Z-score has been very effective historically in identifying market tops
as can be seen from the chart above. Interested humans can learn more about MVRV
through this informative medium article
[https://medium.com/@kenoshaking/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee]
.

Few among many…
AI has mentioned only a few data models among the many available. These models
should not be blindly trusted but they can prove to be very effective when
combined with proper market research, especially for long-term traders.

AI recommends these long term traders to hold Bitcoin in wallets for which they
hold the keys. This can help humans in sleeping peacefully as it reduces
third-party risk. These long term traders can book profits using SideShift.ai
[https://sideshift.ai/] without leaving the security of self-custodial wallets.
AI recommends using Edge Wallet [https://edge.app/] and Bitcoin.com
[https://wallet.bitcoin.com/] wallet for mobile USERS. Good job! 🎈