How Jed McCaleb started Stellar

Programmer and cryptocurrency expert Jed McCaleb is a leader in his filed and is the co-founder of Stellar, a company that provides low-cost finical services and combats poverty in the process. McCaleb has experience in his field. In 2000, he teamed up with programmer Sam Yagan. The two developed eDonkey, one of the first peer-to-peer sharing networks to decentralize. After eDonkey, McCaleb contributed to the development of Mt. Gox, the first exchange to allow the trading of Bitcoin.

 

In 2014, Jed McCaleb cofounded Stellar with programmer Kim Joyce. This company started as a response to the flaws found in the global financial system and provides low-cost finical services and aims at increasing the potential of individual people. Stellar also uses its power to combat poverty in the most poverty-stricken parts of the globe.

 

As the Cofounder and Chief Technology Officer of Stellar, Jed McCaleb provides technology development for the company. This duty allows the company to increase their inclusion and economic participation efforts. Jed develops new technology as well as improving technology that has already been implemented

 

It was while he was engaged in the Bitcoin market that Jed McCaleb came up with the idea for Stellar. He saw the benefit of a shared global currency, and decided to devote his efforts towards linking together global financial institutions. He foresaw problems that business and cryptocurrencies would face in the coming years of the technology age and decided to fight these issues. Rather than try to bring about a common global currency by himself, Jed decided to link together financial institutions. This is what Stellar accomplishes. By connecting global banking organizations, Jed is able to bring together existing currencies.

 

The company already has a list of financial clients. It uses its platform to connect these clients. Recently, Stellar has implemented new security measures to ensure the safety of its clients.

Learn more about Jed McCaleb’s ventures: https://en.bitcoin.it/wiki/Jed_McCaleb