Jed McCaleb, Co-Founder of Stellar, A CryptoCurrency Expert With a New Venture
Jed McCaleb, the Co-Founder of Stellar, is a renowned Cryptocurrency expert. This article summarizes the venture so far.
Jed McCaleb is an American programmer, who Co-Founded Stellar in 2014. Jed has a track record that includes starting Mt. Gox, pioneering e-Donkey, and is a leader in pioneering multi source downloading.
Jed McCaleb recognized that there were global flaws in the financial system, and so he teamed up with Joyce Kim to found the Stellar Development Foundation, where he serves as CTO.
Jed McCaleb started Stellar when he realized what bitcoin was, and how it could solve many problems with the underlying block chain technology. The need to create a new currency was there, and Bitcoin would be informational to the way the monetary system would work. Stellar links various financial institutions together that use Bitcoin. This would allow transaction costs to be cheaper between these institutions.
Stellar is used worldwide, and is used in the unbanked populations of the world, to increase the ease of which capital can move around. Stellar has improved since 2014. The current network is easier to scale, and borrows ideas from the internet in the sense that it is easy to use.
Jed McCaleb has worked on the Stellar network security to make sure that it is enhanced with the implementation of Stellar Consensus Protocal, also known as SCP.
Jed McCaleb is a remarkable entrepreneur, mostly because of his planning, and his concrete strategies. If the wrong goals are set in the first place, then Jed McCaleb believes that he will not be successful.
Jed McCaleb has mastered his ability to focus on the most important things. The things that distract Jed do not get in his way. Jed has also mastered risk management and risk analysis for starting new companies. Stellar is a product Jed’s tenacity.