Avado is changing the game: Fragile banks to secure crypto @ CES 2024 - Show Notes

Avado is changing the game: Fragile banks to secure crypto @ CES 2024

Tuesday Jun 11, 2024 (00:11:31)


Avado is a revolutionary product that aims to simplify the process of interacting with blockchain technology. The founder of Avado, Bernd Lapp, discussed the problem of traditional banking fragility and the massive losses incurred by banks in recent years. He highlighted the importance of not trusting money to third parties and emphasized the role of cryptocurrency in solving this issue.

Avado simplifies interacting with blockchain

One of the main features of Avado is that it acts as a personal bank at home, allowing users to download the full blockchain and interact with it directly. This eliminates the need to rely on third-party exchanges like Coinbase or Binance, which have been known to collapse or get hacked. By using Avado, users can stake their cryptocurrency and earn 5% interest per year, simply by securing the blockchain and creating blocks of information where transactions are stored.

The founder of Avado shared his personal experience of building a crypto mine and mining Ethereum, highlighting the complexities of transferring cryptocurrency from exchanges to banks. The system simplifies this process by providing a plug-and-play device that connects to the user's router and electricity. The device has an operating system that allows users to interact with various blockchains, such as Ethereum, Avalanche, and Near, through dApps that can be installed with just a few clicks.

Avado's approach to demystifying blockchain technology and making it accessible to all users, regardless of their technical knowledge, is commendable. By providing a user-friendly interface and simplifying the process of interacting with the blockchain, Avado is opening up new opportunities for individuals who are curious about cryptocurrency but may be intimidated by the complexities of the technology.

Avado brings crypto to you

Avado's innovative approach to bringing cryptocurrency to the masses is evident in its plug-and-play device that allows users to easily connect to the blockchain and store their crypto assets securely. By providing a hardware wallet that gives users full control over their funds and a recovery phrase for added security, it ensures that users can safely store and manage their assets without relying on third parties.

One of the key features of Avado is its integration with the blockchain, which serves as a public ledger that records all transactions. This transparency allows users to verify the validity of their transactions and ensures that all information stored on the blockchain is accurate and secure. By connecting to the blockchain, the platform enables users to participate in the decentralized finance ecosystem and earn rewards through staking their crypto assets.

Furthermore, Avado's commitment to providing a seamless user experience is reflected in its easy-to-use device and software. Users can simply download the app of their preferred cryptocurrency and start using the device without any complicated setup process. This plug-and-play functionality makes it accessible to both beginners and experienced users, making it easier for anyone to start using cryptocurrency and blockchain technology.

In terms of cost, Avado offers a one-time payment model for its devices, eliminating the need for recurring fees or subscriptions. This upfront cost includes hardware maintenance, software updates, and customer support, ensuring that users have everything they need to securely store and manage their crypto assets. Additionally, by staking their crypto assets on the device, users have the opportunity to earn rewards and potentially recoup the initial cost of the device over time.

Conclusion: A simple way to participate in crypto safely

Overall, Avado's mission to bring crypto to the masses is commendable, as it aims to make cryptocurrency and blockchain technology more accessible and user-friendly. By providing a secure and easy-to-use device that connects to the blockchain, Avado is empowering individuals to take control of their financial future and participate in the growing decentralized finance ecosystem. With its focus on security, transparency, and user experience, Avado is leading the way toward a more inclusive and decentralized financial system.

Interview by Christopher Jordan of The Talking Sound.

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Scott Ertz

Episode Author

Scott is a developer who has worked on projects of varying sizes, including all of the PLUGHITZ Corporation properties. He is also known in the gaming world for his time supporting the rhythm game community, through DDRLover and hosting tournaments throughout the Tampa Bay Area. Currently, when he is not working on software projects or hosting F5 Live: Refreshing Technology, Scott can often be found returning to his high school days working with the Foundation for Inspiration and Recognition of Science and Technology (FIRST), mentoring teams and helping with ROBOTICON Tampa Bay. He has also helped found a student software learning group, the ASCII Warriors, currently housed at AMRoC Fab Lab.

Christopher Jordan

Network Host

Chris's background is in live event production, focusing on the technical aspect. This brought Chris into the podcasting space with his Talking Sound Podcast. He's been involved with the Tech Podcast Network's CES broadcast since 2020, serving as both a host and producer. He is also the host of a non-production related show called Curious Realm when he and his guests dive into some of the stranger and unexplainable aspects of the universe.


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