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

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Sinopsis

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 blockchainOne 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 co