The blockchain technology for the financial wastelands – easily explained by Denis Bederov

More and more often we hear the word “blockchain” or “crypto currency” in our everyday life. To understand that Blockchain is much more than the technology behind “crypto currency”, here is a simple metaphor: If you want to shape a piece of wood, plane, grind and file it, chips and dust are generated. The piece of wood is the blockchain and the chips, the waste product of this technology so to speak, are the crypto currencies.

Due to the hype and speculations in the field of crypto currencies, the market screamers are correspondingly loud here, which is why one is quickly tempted to completely forget the technology that is revolutionary. Let me tell you about the advantages of the blockchain, especially in the financial sector.


Current situation in the financial sector


Looking at the current state of the financial sector, you will probably know that the central bank is an institution where other banks in the financial sector can borrow and park money. This central bank, as its name implies, is centrally organized. 

Let’s go from the macro level to the micro level and to your wallet: What do you think makes your €10 bill worth €10? Is it the paper and the color? Is it unique and therefore worth 10€? NO! The only thing that makes your bill worth 10 € is trust. From you, from the supermarket cashier, etc.

In what form does this money still exist? Obviously there is money in your account, i.e. Fiat money, which can be seen in your online banking. 


What the blockchain enables for the financial sector


In contrast to the easily corruptible and hackable systems, the central administration, the blockchain is completely decentralized. Its storage locations are on every computer connected to it. Once it has been programmed for a specific process, it cannot be changed.

In addition, you do not enter the blockchain as a person, but with a personal ID. For example in contrast to a bank transfer, which bears your name, and exactly titles the name of the receiver, such a transaction is encrypted in the block and by your personal user ID.


The term “block”


A block is ultimately made up of several combined transactions. If the capacity of one block is fully used, the next block begins. To ensure that the correct sequence of blocks is recognized, each block receives a specific key code at the end. A subsequent block then begins with exactly this key code. This makes the sequence comprehensible for everyone.

This coding and security encryption can currently be guaranteed by two different methods: “Proof of Work” and “Proof of Stake”. I will explain these in more detail in another blog article.


Conclusion – Denis Bederov


You can see that the security loops and verification methods are logical. For this very reason, the confidence that crypto currencies enjoy as a small part of this technology is enormous, so many investors have included crypto currencies in their portfolios for risk diversification. Nevertheless, the journey is still a long one and only through complete regulation of this market will blockchain technology including crypto currencies gain a foothold in the financial market.


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How personal growth develops through role models

What does Denis Bederov, a space scientist, do in his spare time?

Familiar insights into the daily routine of the space scientist, Denis Bederov

How personal growth develops through role models

Of other people, I appreciate the qualities I would particularly like to develop for myself at certain stages of my life. Therefore, I advise you not to set a model, as young people often do. Hanging the idol on the wall and saying “this is my model” is not enough to integrate the positive qualities you associate with this person into your personality.


Denis Bederov – his biggest role model

Looking back, my grandfather was a huge model for me. He was an excellent leader, he managed very big companies and I always found his ideas being very unique. I’ve always appreciated this resourcefulness and have always wanted to find such solutions in certain situations in life. Because I knew exactly what fascinated me about his person, I was regularly inspired and also reflected on myself. How well do I already have this ability in me? How can I still work to improve? And last, how can I increase my creativity so that I too can find extraordinary solutions?


Of course, my grandfather wasn’t my only model. If you look at him from this point of view and imagine people as a mosaic, sooner or later many people you know in life become models. Even my father is a great model for me, since childhood!


Denis Bederov: how to develop your role models

If there is something about a person that hits you today, ask yourself in the future what qualities you particularly value and what skills you would like to develop. Only then you can take the decisive direction to get closer to your idol.


Beware of illusions!

However, what should not happen to you: never see your model, exaggeratedly, as a “Messiah”. Once you place your idol on a pedestal that is difficult for you or other people to reach, you will not be able to integrate the qualities of that person into your personality and into your life. But even worse than not being able to develop the positive qualities, is to fade the negative qualities of that person.

No one is perfect! Therefore, even your role model, which you are emulating, will have areas where you should not adopt to your habits. Just as the most successful entrepreneurs often neglect their families, even the visionaries rarely remain concrete and the eloquent people are desperate for technology, so you too cannot expect everything from your idol. Don’t fall into illusion here. Find out what exactly fascinates you! How you want to look, and then gradually take a step on this extraordinary road every day. This is the road to success.

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What does Denis Bederov, a space scientist, do in his spare time?

Familiar insights into the daily routine of the space scientist, Denis Bederov

How the systematic scientist, Denis Bederov, leads his projects to success

What does Denis Bederov, a space scientist, do in his spare time?

I am often surprised by questions concerning my recreational activities. Just because you are a space scientist, is is construed that you have to have very different hobbies. Above all, spectacular hobbies! In fact, we live a lot on Earth. So, my family and I have fun doing recreational activities which most other families also like.


Of course, my wife and I have a very entrepreneurial mind-set in what we do, and we are often grateful that children live their favorite activities with their peers, such as sport and dance. But also finding moments to do something together and enjoying life is very important to us.


How Denis Bederovsplans his family vacation


Many people say they do nothing with their wive, husband or children due to lack of time. These are lazy excuses in my opinion. My wife and I are also very busy in terms of time and we still have time to spend time together with our children to experience things.

We live in the city center. For example, it makes sense to simply go up and down the big shopping street together. In 99% of the cases, we don’t buy anything, but it’s just fun to look at shop windows, walk quietly and talk. The topics of discussion can be things that you think are interesting on the road or experienced in your personal life. Spending time together is always a pleasure.

We also like going to the park. Rarely, but increasingly, we go on vacation together or do day trips. We have a favorite hotel, which we visit over and over again. Therefore, the organization is limited to the minimum. No hotel comparison, no driving time and you know what to expect.


Tips from Denis Bederov


Spending time with your family can be easy. So, don’t make too much effort or pressure to make something special. Much more important is how much quality time is spent with the partner and children, who will be sincerely grateful for it. You will live every minute with your family even more intensely and this is what even children and their partners feel.


Here you can read more articles:

Familiar insights into the daily routine of the space scientist, Denis Bederov

How the systematic scientist, Denis Bederov, leads his projects to success

Denis Bederov best motivational factors

Familiar insights into the daily routine of the space scientist, Denis Bederov

Not only am I an entrepreneur, but my wife is also a successful entrepreneur. In addition to our existing companies, we also manage our small family business, which consists of us and our children. In the perception of our respective employees, it might seem that we live only within the company. Of course, it is not like that at all.

Especially as a family man with two children, you want to make the best possible use of time to meet everyone’s needs. We also deal with topics such as: who prepares food for children after school?

We have a son and a daughter who also do after-school activities and of course they are very different. They alternate between dance, sport, tennis, painting – which fortunately happens at home – but this diversity gives you an idea of ​​how full our family agenda is. This wouldn’t work without being a well-rehearsed team.


Denis Bederov: Nobody should be neglected!


In fact, it works! If a family member was unintentionally removed from the routine or tried to manage everything by himself, that would never work. At least not in the long term: everyone has to play a part, so that nobody gets neglected.


This is the biggest challenge as a parent and as a family man. You must take care to ensure that everyone is free to develop in the direction they want to develop. I’m not just talking about child development. Even as a parent, you want to grow and reinvent yourself in certain areas. It’s of major importance that the partner successful achieves this the same way you yourself find achievement. 


Denis Bederov: It’s about synergy!


I would call myself being more a pragmatic person who takes every step very carefully and makes plans. If it was up to me, our family life would probably be too monotonous, and on the other hand, it means that I worry about organizing and ordering at home. At the same time, I am the consultant, if there is a specific goal to be achieved, it’s clear that it will. My wife, on the other hand, is incredibly creative. Brings momentum into our family life with her ideas and is much more communicative. When it comes to finding the right words in the right situations, she’s the number one.


What makes a family work

Everything you teach to children, you should imitate. I am happy when I realize that there is also team spirit amongst the children and that they support each other with their personal qualities. Because just like with my wife and myself, each of our children has a different approach to solving problems. I can often even learn new things from my children.

Just when this mechanism is aware to everyone, everyone takes back their ego and at the same time helps the other with his personal abilities, everyone collaborates together and gets great results!

This is my recipe for a harmonious and happy family life. – Denis Bederov


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How has Denis Bederov become so successful?

Denis Bederov best motivational factors

What drove the space scientist, Denis Bederov to top performances? Different stages of life always bring new motivational factors. For example, I still remember the time shortly after my studies. At that time the most motivation was something I didn´t like. I kept thinking about how I worked at the construction site during my studies.

That was a time period when I wanted to earn a bit as a student. It was an incredibly monotonous and physically difficult job. For two to three days the semester job was fine, but for two weeks it was quite exhausting and because of the monotony I found it very uninteresting. I lacked the mental challenges.


No monotonous work!


On the other hand, nothing better could happen to me. Because the thought of never having to do such work again super motivated me.’ Never again monotonous work that isn´t fun. Never again something, in which one you turn off your head or the head inevitably shuts off after a few hours because you are completely exhausted physically. ‘


Conversely, I was positively motivated by every job in which I received different questions practically every day, sometimes even every hour. Constantly challenged to consider solution strategies, to reach mental and mental limits and break down barriers, the self-responsibility to plan every day and to experience new things, has always given me great pleasure and still does. Later, as a space scientist, professional success came to me, but never in the main focus. If you have had success many times, you simply want more of them and act much more targeted to achieve even more success. I can hardly imagine that someone would like to stay at the same level because growth is what life dictates to us. Another area that is changing with career success is finance. 


A not unimportant area if you want to give yourself and your loved one a life that offers all the comfort you could wish for. Last but not least, of course, the recognition that comes with the achievements also motivates. This doesn’t even come from outside in the form of praise or a higher fee. Who is not proud of himself, if he has succeeded something that previously did not seem possible?


The greatest motivation for the technical visionary, Denis Bederov


What motivates me today is very much related to the fact that I now work on many tasks with teams or lead and instruct the teams. For me as a technical visionary, so to speak, a new dimension has been added. Since then I have been trying to transfer the goals that I define for myself to other people. However, this isn´t about pressure, coercion or control, but can only arise from the person, by taking him along.

I practically pass on my value system and thus shape others as well. When I realize that they are going through similar routes as me, that motivates me enormously.


Best tip for sustainable motivation by Denis Bederov


My best tip for sustainable motivation is therefore that everyone should first find their individual drive in themselves. This can be done through negative factors such as positive factors, such as joy. Once you have clearly defined this energy for yourself and it keeps calling you into the present. After that you can achieve great things with this power.

The supreme discipline is then only to carry along others and to arouse motivation in them. At the same time, this is the moment when you have achieved true leadership. – Denis Bederov


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How the systematic scientist, Denis Bederov, leads his projects to success

‘ Good things take a while ‘ Of course, it doesn´t happen in a day to build up a business or successfully bring larger projects to run. Even as a space scientist and technical visionary this does not succeed immediately. Of course, it does not happen in a day to build a business or successfully bring larger projects in the air. Even as a space scientist and technical visionary this does not succeed immediately. The preliminary work or the preparation is essential and of course, it consumes the first time in a primitive way, the free time outside the conventional work.

It’s clear that if you want to be successful and if you want to tackle more complex projects, they are born almost exclusively at leisure before being paid or sponsored by anyone. Mostly even the whole preparation work takes place at home.


Insights into the free time of a technical visionary


If you transfer that to family life, you quickly realize that in the evening you can not just sit in front of the TV or relax on the sofa. Watch an interesting movie? Hardly likely! Instead, you sit longer on the PC or rolling books and journals.

A labour-intensive project also implies that you have a study at home. But that is not very uncontroversial at the beginning of family life.

In a systematic scientist or generally in scientifically oriented people, it is similar to passionate car hobbyists. The garage is virtually the study. You go there and spend a lot of free time here. As soon as one is not supported by the family at this point, the house blessing quickly goes awry. That’s why I’m incredibly happy that my family has always supported me on a variety of projects and keeps my back free, especially my wife, of course.


Why the partner, according to Denis Bederov, should be actively involved


It definitely makes sense to include the wife or husband right from the start. Explain to him or her in detail, what chances arise from the project, with what kind of workload one expects to set it in motion in a certain time, etc. The better the communication and the more discussed before the start of the project, the smoother it runs during the development phase and the concentration can be steered to one hundred per cent on the project. Of course, it´s even better to let him/her actively participate. This doesn´t have to end in extravagant and time-consuming work but can take the form of collections of ideas, discussions and minor relief work.

If you then give this task the appropriate recognition, not only the partner feels good and stands behind the project, you also have won in two ways, as a family manager as such a manager which ideas become reality.


See a conflict as a challenge


Of course you don´t expect that there will never be a conflict. That would be utopian. Because sooner or later, even if it´s just a very important business appointment, there will be a collision with family interests. Then the entrepreneurial skills of the problem solution are asked. Exactly to weigh, which things are regarded as urgent or important, which can be left safely and which are absolutely necessary for the intact family life. You are responsible for this balance and you must not forget what is probably the biggest challenge. But be sure that you don´t have to be a scientist to overcome these hurdles. 

Why you will succeed


Despite all the obstacles, you will be successful. Because you aren´t the first or the first to start a home-based project. Behind many projects, you wouldn´t guess how long I worked meticulously in my spare time. Without the family support, I wouldn´t have made it and they were there for me. This is what your family will do once you have taught them the importance of your ideas and inspired them. – Denis Bederov


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Denis Bederov best motivational factors

How has Denis Bederov become so successful?

Resilience is one of the most important skills Denis Bederov

How has Denis Bederov become so successful?

How did I manage to be so successful in my projects? In the past, I always thought that to succeed, you had to come up with something, patent something, or have a solution that no one has come up with.

The most important trait of success, according to Denis Bederov


Sometimes that´s true, but most cases make a very different trait of success. There are actually no major secrets, but the motto is to work from the beginning continuously, sustainably and designed for long-term success.


That doesn´t mean bigger secrets but simply applying what you have learned. One has either completed a sound education or developed the knowledge itself. Staying on the ball with diligence and willpower is the most important thing. Simply understanding exactly what you do and applying the knowledge in practice everyday sounds banal at first, but is a key skill that pays off.

Most people don´t succeed, according to Denis Bederov

Most people will never be really successful and for one reason only: they do not work continuously and sustainably. They give up too fast and try something else. So entire life will be a hodgepodge of trying out. But there are only attempts and no successes.


No matter how difficult it will be, no matter how exhausting and no matter how often you will give up, the rule should be always carry on! Keep going and don´t give up. Recognize the mistakes and problems and learn, then success is inevitable.

Author Denis Bederov


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Resilience is one of the most important skills Denis Bederov

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Denis Bederov the solution developer

Resilience is one of the most important skills Denis Bederov

In my last blog article, I have already touched on some of my skills, which I will describe in more detail in this post. When I describe myself, then immediately comes to my mind the determination with which I have already led many projects in my life to success.


This skill characterizes Denis Bederov

Another skill that I daily reflect as a systematic scientist is my resilience. At the moment I travel a lot and I´m invited as an expert in many countries of the world. Once you have been to Austria, Germany, Russia and China within a month, many people reach their limits. It makes me aware again and again how resilient I´m actually.


Sometimes I try to demand this resilience from other people and I quickly realize that people aren´t usually resilient. Here I apply my leadership skills and feel exactly the breaking point, as the technician would say.


This skill is especially important, according to Denis Bederov

In these moments, I motivate and lead, so that the remaining encumbrance is comfortable and it will be not too much for the team member. The skill to recognize when a person is overworked and then calm them down with the right words and to take out the encumbrance, as well as stress is very important in any leadership position.


In the last few years, I have refined and developed these skills very much. Whether as a systematic scientist, technical visionary or family man, the subject of resilience can be found in every area. What matters is how to handle it in order to achieve sustainable success.

How does Denis Bederov work on his projects

The areas I´m currently working on are broadly positioned. That starts with the topic of space. Of course, as many might suspect, this isn´t about aliens, but in reality, they are very everyday issues that I deal with. For example, how satellites can be made available to smaller companies or institutions such as schools or universities at low cost. Certain things, as the simple handling of tools of all kinds on Earth, can be a real challenge in space. There are solutions to be found here.

Projects in the field of electrical engineering, radio waves and radio connections are, so to speak, his home.

In other projects, I deal more with electrical engineering, radio waves and radio connections. These areas are, so to speak, my home, where I have my greatest strengths. With the right expertise, it´s important to assess which way isn´t only the fastest, but also the most meaningful.

Solving prolems has always been a strength of Denis Bederov.

The ability of problem-solving and the systematic approach that I use in all my projects come from to my scientific education.. I have always had an eye for how problems can be broken down into smaller challenges to solve them efficiently.

Denis Bederov the solution developer

If I had to pitch myself, I would immediately come to the conclusion that I always approach the core problem, work my way in-depth to discover new solutions that other people or scientists would not have encountered.

Denis Bedrov’s inner urge

This inner urge to turn problems into solutions is a character trait that sets me apart. I not only create solutions that reach their goals faster, but also those that are novel and innovative.

This attitude has been with me all my life.It’s like thinking of a scientist who wants to reveal deeply hidden secrets.To discover something new and to enjoy creating and being useful to people, as well as to have an impact on the world and to create a world, that makes me special as human.

Especially in technical and scientific fields, I could prove this ability several times. As a technical visionary, a passionate space and radio scientist or as an amateur radio operator, I have experienced many situations during my life, in which problems of a human or technical type have emerged. To this day, I have fun and enjoy solving these problems.

The development of Denis Bederov to a leadership personality

During my career, I became more and more from a loner to a leader and a leadership personality. Today I have a lot of employees to those I spread my attitude to life and work to the heart.

Many of today´s problems I approach no longer operational but delegate and manage it to my team. In this phase as an entrepreneur, I learn a lot and develop my skills as a leader, scientist and also as a human on and on.

And despite all the entrepreneurial duties and the eloquent leadership of my team, I am always aware that the deep urge to search for solutions, to discover and to create it always comes up in me and I´m questioning and explore, how I would have solved the problem alone.

How would Denis Bederov describe himself in just one word?

If I had to describe myself with one word, then it would probably be the word “solution developer”. But actually this word describes me very well.