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:  

 

• A use case for the blockchain to stimulate healthy citizenship (and why that isn’t yet fully possible). 
• The business story behind the growth of Ethereum and anecdotes from its early days in 2016. 
• How having decentralized nodes keeps the blockchain decentralized and reduces staking fees. 
• Why proof of stake mining is more energy-efficient than proof of stake mining. 
• How Avado works, its pricing, its energy costs, its bandwidth requirements, and how relevant it will be in the future. 
• How you can use NFTs as product warranties. 

 

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?