Lumi Wallet App - Exchange Crypto with 0% Fees

Everyone is fed up with commissions. Lumi Wallet released it, introducing a 0% fee on all crypto operations to crypto exchange. All you need to eliminate hidden fees is the Lumi Wallet App.

Why is Lumi doing this?

Decentralized finance has undeniable advantages over paper currencies: conversion, diversification, speed, and transfer security. But the intersection of the two worlds - crypto and fiat - is where we face crime - the necessary transaction costs.

Lumi is a personal wallet. It does not collect or request any data from you, and has no control over your funds. However, when you use an exchange service in any wallet, avoiding the danger of holding your money directly on the exchange, there are always some commissions inside that you pay for an extra layer of security.

Lumi has always had some of the lowest costs on the market, but now, celebrating a year of hard work, she has decided to give her users a unique offer in the crypto space - 0% crypto costs to crypto transactions. Every time you exchange BTC, ETH, EOS or other currencies in Lumi's wallet.

Openness and comfort

This has always been a priority for Lumi, so what better way to celebrate the latest major update, which includes many new language localizations, long-awaited design and open-source changes, rather than seamless and free transactions for wallet users?

0% stay here

So don't forget to tell your friends about this offer and share it on social media and to stay up to date with all the news and offers, follow the lively Lumi Wallet blog. If you have questions about Lumi, don't hesitate to write to [email protected]

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Iranian President Calls for Launching Cryptocurrency Mining Strategy

Iranian President Hassan Rouhani has called for a mining strategy across the oil-rich nation. The latest statement from the Iranian president follows Iran's steps to limit certain crypto trading platforms for the mandate of "currency smuggling".

On May 20, 2020, Iranian President Hassan Rouhani told the press that the country needed to spur a cryptocurrency mining strategy, so that the country prospered economically amid US sanctions. The report, which comes from the regional news outlet Arzdigital which claims Rouhani told his government to start developing a crypto mining strategy for Iran as soon as possible.

Rouhani said that the energy department, the country's central bank and the finance minister need to devise a new scheme that welcomes bitcoin miners. This includes Iran's regulatory policy towards mining agriculture located in the country and taxes.

Iran recently recognized cryptocurrency mining operations as an official industry last year. Iranian officials have issued licenses for agriculture that are willing to cooperate with the Iranian government.

In January 2020 it was reported that Iranian lawmakers licensed more than 1,000 mining operations in the country. In the summer months of 2019, Iran represented 2% of the entire global hashrate of the Bitcoin network. But since then, the last migration has made it so that Iran now has 4% of total hashrate according to statistics.

Rouhani's statement was somewhat confusing after the Iranian government made it difficult for international crypto exchanges to operate in collaboration with the country. This week the Iranian parliament released a proposal aimed at curbing "currency smuggling" by heightening regulations for international crypto exchanges. Basically, the Iranian parliament wants Iran-based exchanges to be licensed and they are required to follow a currency smuggling mandate.

Guarda Wallet - Multi-Currency, Multi-Platform Wallet With Taste for Special Features

Guarda Wallets have been around for almost three years - cryptocurrency storage that started as a single open source currency wallet at a time when market needs have now turned into a thriving ecosystem of crypto management products and services. Many new things have been implemented during this period of productivity, but the main idea remains clean - the team is trying to make a convenient, decentralized and versatile crypto wallet suitable for beginners and advanced users.

At present, the wallet supports more than 45 major blockchain (and their tokens), including those not normally found in multi-asset wallets - the best example is Monero XMR which is supported on the Web version. Although sometimes it may be difficult to fulfill the tasks presented by the market itself and the crypto community, Guarda does its best to remain user friendly and implement the best solutions to make the wallet stand out.

Perhaps, the most different part of Guarda, besides supporting most of the assets of the wallet that exists today, is a built-in feature. The wallet presented on the Web Wallets, Mobile Wallets (iOS and Android), Desktop and Chrome Extension all have ways to easily exchange cryptocurrency, buy it on board, use currency-specific features (risking, delegating, Bandwidth points for TRON, protected transactions for Zcash, airdrops, etc.), create a Multisignature wallet, and manage detailed transaction settings on the Advanced tab. The Web and Desktop versions are also suitable for connecting Ledger hardware wallets and using the Guarda interface to manage assets stored in cold storage.

Because Guarda is a fast-growing project that remains in tune with the trends and trends of the crypto market, many new features and solutions may be discussed with the public and tested together with users. The team believes that this is the way decentralized products really need to be made - all consider the word community, listen carefully and choose what is best. For those who are interested in saying a word, suggesting something or asking a question, there is always a Twitter and Telegram Guarda Wallet, where the team is present and interacts with the community.

"When you Download Guarda to your mobile or use the Web version, you have a wallet that allows you to do all your digital currency management activities in one place. If you don't have crypto, you can easily buy a few, if you want other coins that you can exchange, if you want to be risked, you can bet, and you can clearly transact and save safely. When something new appears, we try to get it into Guarda as soon as possible, because if there is a request, it is valuable to us. "- Maria Carola, CMO Guarda Wallet.

What is the Bitcoin halving?

If you are a crypto fan or even interested in the cryptocurrency industry then you will never hear about the next half of Bitcoin, unless you have lived under a rock several times. There is no doubt that it is one of the most anticipated events of the crypto calendar in 2020. But what exactly is that?

Half Bitcoin reduction is a recurring event where the amount of Bitcoin (BTC) given to miners is cut in half.

Where fiat currencies such as the Euro are issued by central banks, there is no central body that issues Bitcoin. Instead, it is coded into the Bitcoin protocol that the new Bitcoin is 'issued' as a gift to miners for validating 'blocking'.

Block on the Bitcoin blockchain is a file that stores 1MB worth of Bitcoin transaction records. In the case of Bitcoin, blocks are added to the blockchain through a consensus mechanism called proof of work (PoW). At PoW, miners compete to add the next block in the chain by using hardware resources to solve complex mathematical problems. This produces a hash - output of 64 characters that seems random.

After the hash has been found, the block is closed and cannot be changed. After successfully mining the block, the miner is given a newly created Bitcoin prize. This process occurs approximately every 10 minutes.

When Bitcoin was first re-released in 2009, the prize was 50 BTC per block, which by today's standards is a large prize, but termination is programmed to be carried out every 210,000 blocks that have been mined, which roughly takes four years with a refund less for the number of prizes.

In 2012, it was reduced to 25 BTC per block. Then in 2016, it was reduced to 12.5 BTC per block. Splitting these two years will see the block prize fall from 12.5 to 6.25 Bitcoin. The fourth split is expected in 2024 when the prize will fall to 3,125 new BTC, and so on for each of the next four years.

But how do we really have to do half of Bitcoin?

Can accept Bitcoin up to 21 million units with its default algorithm. No more than ever! There is no way to game the system here I'm afraid.

Bitcoin is operated on a deflationary model. This means, little by little, the less Bitcoin will be released over time until the supply stops completely. At present there are around 18 million BTC visited, which is about 85% of the total closed. The last bitcoin must be mined around 2140.

Read! Is Bitcoin Halving?

This is very different from fiat money, which uses an inflation model. Inflation is a model in which the central bank can assess additional currencies at will - thinking quantitative easing brought about in the global crisis, this is a practice that is often criticized and used widely as a major economic problem. Nobody can expand their Bitcoin inventory even if they don't want to.

Limiting has also proven a good way to encourage adoption. This should provide incentives for potential adopters & investors who are thinking ahead to buy Bitcoin before it runs out.

In essence, half is a transition programmed into the Bitcoin code that is designed to prevent conversion. This is designed to prevent miners for all Bitcoin too quickly and thereby transfer requests.

When should I receive the date?

Half reduction is programmed to be done after every 210,000 blocks that have been mined take about four years. After reaching the 630000 block which is currently expected to occur on May 12, 2020 at the current block production rate. Read! When Is Bitcoin Halving?

Will the price of Bitcoin go up or down?

In the past, half meant an Increase in Price. The first half reduction occurred on November 28, 2012, a compilation of one BTC was only worth $ 11. The second reduction occurred in July 2016. Bitcoin held prices around $ 600 - $ 700 before firing up to $ 20,000 at the end of 2017

The cryptocurrency space is very different now and much more mature, with half the impact more difficult to predict. With many institutional investors and products such as Bitcoin futures which means deductions for inventory are far more likely to be bought than previously thought. There are also cryptocurrency besides Bitcoin Cash and XRP for sale, offering more competition for investors compared to before.

Read! What is the Bitcoin halving?

If you look at Twitter crypto there must be two camps where half the price will fall to the moon and the other half. Of course there is debate for that, the debate about the economy is currently in a very dangerous position with the ongoing global pandemic. What you sit in this camp is a very exciting time to be part of the new financial system and watch from the sidelines.