Jed McCaleb is the innovative, brilliant and eccentric mind behind the powerhouse technologies eDonkey, Ripple, Stellar.org and Mt. Gox – the first bitcoin exchange on the market. Though these financial leveraging tools all have different purposes, they share one common theme, which can ultimately summarize McCaleb’s inspiration: creating technologies that improve the world and the human condition, while reducing inefficiency.
Jed is a true visionary and entrepreneur, which has led him to pursue many ventures and business ideas. Like all entrepreneurs, some of his ventures have been more successful than others. For Jed, it was a matter of being tenacious and persevering through setbacks, while never letting the setback stop him. His first major success was eDonkey, one of the largest file-sharing network platform of its time. Shortly after, Jed McCaleb created Mt. Gox, one of the early bitcoin exchange platforms, and then Ripple. These ventures in Bitcoin fueled his interest to learn more, and continually developed his interests. This led to his idea for Stellar, a universal financial network that connects banks, payments systems, and people.
Stellar is one of the most innovative and unique platforms on the market, primarily due to its ability to link all of the major Bitcoin players together. This technology has the potential to transform the world, especially considering the percent of the world’s population that is unbanked. According to the World Bank, about half of the world’s adult population doesn’t have access to a bank account, meaning they cannot save or send money. McCaleb Stellar combats these issues by aiming to use an open worldly financial network to link the institutions and move money efficiently and cheaply. For only a fraction of a penny, users have access to move and integrate money quickly and reliably via Stellar.
Jed McCaleb is currently the CTO of Stellar, a passionate, curious and tenacious individual intent on fixing broken financial infrastructure and improving the world for the better. You can learn more about Jed McCaleb: https://www.dailyforexreport.com/questions-answers-stellar-co-founder-jed-mccaleb/