How Avado is Enabling Decentralization on the Blockchain with Bernd Lapp and Stefaan Ponnet
Bernd Lapp and Stefaan Ponnet join the yWhales team to discuss Avado - a blockchain computer you can use to run dApps and stake cryptocurrency. Avado enables you to earn 100% of your rewards from staking. Interestingly, only 1% of Ethereum is currently staked making staking a potentially lucrative business.
The Avado team also share how Avado allows you to decentralize the network of your choice (Bitcoin, Monero, Ethereum, or Avalanche). Today, 60% of Ethereum runs on Amazon Web Services. So, the Avado team’s mission is to decentralize more of Etherium by empowering people to run their own nodes.
“We sold decentralization” - Avado Team
About Guest
Bernd Lapp and Stefan Ponnet are Co-Founders of Avado. Bernd brings the business brains to the table while Stefan is the duo’s tech geek.
Before Avado Stefan was an Ethereum Technology Expert at Stad Antwerpen, a strategic planner and ASTAD Architect at Digipolis, and a business owner at 3DParts - amongst many other roles. Currently, he also works as a senior researcher at Sony.
Before Avado Bernd was an advisory board member at the Ethereum Foundation, and a founding member at Blockchain on Tour. Currently, he is also the Co-Founder of Relai, President of Swarm City, and a Board Member at CommonsStack.org.
You’ll learn about:
Resources:
Connect with Bernd Lapp: LinkedIn | Twitter
Connect with Stefaan Ponnet: LinkedIn
Connect with YWhales: Website | BitClout | Twitter
Avado: Website | Twitter
Mysterium Network
Timestamps
[00:37] Who are Bernd Lapp and Stefaan Ponnet?
[02:14] What drew them to blockchain?
[04:42] Did the city of Antwerp use crypto to create incentives for citizens? OR How crypto can be used to stimulate healthy citizenship.
[07:38] How Bernd Lapp started working in Vitalik Buterin’s (Ethereum Co-founder) foundation.
[15:42] Did they know how big Ethereum was going to be?
[20:41] Smart contracts: creating something that was not possible before.
[22:35] How enabling everyone to run a node creates true decentralization.
[26:20] The hardware behind the crypto user experience.
[29:45] Simplifying the user experience of staking at home.
[32:12] Walkthrough of using Avado
[36:09] The energy consumption costs of proof of stake.
[36:55] How much memory does an Avado device have?
[37:11] How much storage do you need to run Ethereum on an Avado?
[39:24] How Avado works (and how much $ETH you need to run it).
[43:55] How much is Avado? (Avado pricing)
[45:20] Sharing your internet with Mysterium (is it safe?).
[47:20] What will happen when the ETH merge happens?
[53:06] The cost of proof of work mining vs. the costs of proof of stake mining.
[56:26] The demand for Avado after ETH 2.0 goes live.
[1:01:38] Getting into the Avado dApp store.
[1:04:41] Exciting blockchain products today: DeFi and NFTs.
[1:06:51] Creating decentralized autonomous organizations.
[1:11:38] Maximum bandwidth that Avado would require.
[1:13:24] Anecdotes from the early Ethereum days: The Kitten Box.
[1:17:28] An incident in China that made Ethereum unusable for 1.5 days in 2016.
[1:20:37] The rollercoaster story of 150,000 stolen ETHs.
[1:28:38] Which Avado should you buy?
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