Jed McCaleb is an American programmer who turned to become an investor and an entrepreneur. He has been investing his time and money with cryptocurrencies, and even developed a new stance on blockchain technology. He also established the world’s first Bitcoin exchange called Mt. Gox, and this invention has branched into several other startups. He has been involved in a lot of tech projects which harnesses the potential of cryptocurrencies. One of the projects that he worked on was eDonkey, and it was a huge success. It is also one of the first programs that have implemented a procedure allowing multisource downloading.
Looking at the potential of the cryptocurrency industry, Jed McCaleb decided to venture into another business, and established Stellar in 2014. Stellar aims to connect businesses together, and the program developed by Jed McCaleb is helping a lot of entrepreneurs around the world. Stellar has been updated to allow the implementation of smart contracts, and there are still developments that will be implemented in the next few years. According to Jed McCaleb, one of the reasons why he decided to create the Stellar Network is because of the flaws that he has noticed in the global banking system. He is hoping that through the program that he created, these flaws will be addressed and more people will be putting their trust to programs like Stellar.
Being the co-founder and the CTO of the Stellar Development Foundation, Jed McCaleb is making sure that the company is still working to accommodate the demands of the industry. He is also creating other programs and applications that would support the company that he created. Jed McCaleb is known for his applications and programs that are helping the business community. Entrepreneurs and business people are welcoming his new approach in making the business industry a much better place, and he knows that in the future, the computer systems and applications will be a huge part of the industry.
Presently, Jed McCaleb is enjoying the role that he has in his company. He is also encouraging everyone to become a part of the Stellar Development Foundation, and he stated that they can harness their talents in programming by joining the company.