Jed McCaleb – Co-founder of Stellar

Jed McCaleb is an American programmer and also a blockchain
cryptocurrency expert. Jed McCaleb is well-known due to his tremendous
contribution in cryptocurrency business. Jed McCaleb started Mt. Gox which is
the first bitcoin exchange. He has also pioneered eDonkey which is a
decentralized peer to peer file-sharing network. Jed McCaleb and his friend Sam
Yogan developed eDonkey in 2000. This is actually the very first software to
implement and put into effect multisource downloading.

After he noted that there are some flaws in global financial
system, Jed McCaleb went back to his newest venture, Stellar in 2004. He teamed
up with Joyce Kim to initiate Stellar Development Foundation. This is where Jed
McCaleb is currently working and the CTO and co-founder.

It is Jed McCaleb who had the primary idea to start Stellar;
it was his idea. He got the idea after the introduction of bitcoins and after
he understood what it was and how it operated and sailed through in the
economic and financial system. This is where he got the idea on how to solve
most of the problems using the technology behind the introduction and operation
of bitcoins. Jed McCaleb saw a need beyond creating another digital currency.
He focused on connecting financial institutions. It is at this point and under
this idea that Stellar was formed.

Stellar has been operating for some years now and have been
perfectly implemented as financial infrastructure by most businesses and big
financial organizations. Jed McCaleb has played a tremendous role in helping
upgrade stellar network. The stellar networks are more secure, scalable and
modular. Most people can now easily understand stellar networks. Jed McCaleb
has devoted most of his time in developing concrete ideas that has played a
great role in the financial world. He believes that for you to be successful,
you must set the right goals and aim to achieve them.

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