As the world continues to embrace cryptocurrencies, it is also essential that we recognize the brains behind this innovations and Jed McCaleb who hails from America makes the top of this list. Jed who hails from America has had his hands on various cryptocurrency related ventures which have not only gained success but also changed the world of transactions. For instance, he is the brains behind the first bitcoin in the world known as Mt. Gox and has also been a key player in other projects such as eDonkey which he and Sam Yagan developed back in the year 2000.
Jed McCaleb and stellar
However, his new venture in Stellar is what has got him even more recognition in the blockchain and cryptocurrency arena. According to Jed, bitcoin came with a lot of perks, but it also has its flaws which is why he teamed up with the Joyce Kim to establish the Stellar development foundation. Jed McCaleb made use of bitcoin’s technology, and instead of creating another currency as most developers do, he created an open source financial network which connects one institution to another which is what we know as Stellar today. By offering a platform where various institutions can connect, Stellar makes it possible for financial institutions to provide services to the unbanked population through cost reduction. Since its establishment in 2014, Stellar has experienced tremendous success as more institutions continue to incorporate it into their businesses. Nevertheless, Jed McCaleb is not one to settle for less as he and his team work to make it easily understandable, maintain and safer for businesses to conduct transactions more securely. In the company, Jed McCaleb focuses on coding and building better technical aspects of Stellar and also helps his co-founder in running the business. Today it uses the multi-signature support and batch operations smart contracts which make it possible for Stellar to be a community operated network.
More on Jed McCaleb
Jed McCaleb is a man of vision and believes that artificial intelligence or rather AI has the potential to make things easier and solve many challenges facing this technological era. In respect to that, he spends most of his free time researching the topic. He is also an advisor to an AI nonprofit organization known as MIRI whose main priority is to develop new tools and enhance safety to the users of AI software in future. When asked about the secret ingredient to his success, Jed McCaleb attributes it to various factors and virtues such as commitment even in the face of challenges, being a risk taker, avoiding distractions and creating effective strategies through proper planning.
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