Jed McCaleb and Stellar – Banking Made Cheap

Jed McCaleb is a revered computer programmer and an expert in blockchain technologies and cryptocurrency. He has worked in a variety of different industries relating to internet markets, cryptocurrency, and P2P protocols. His most recent company is Stellar, which he founded alongside Joyce Kim. McCaleb is considered by his peers and consumers to be one of the leading experts in cryptocurrencies and blockchain technology.

 

What is Stellar?

Stellar is a recently upgraded blockchain protocol intended to be used for banking purposes. It was co-founded by Jed McCaleb, who has previously been involved in the cryptocurrency industry through such companies as Mt. Gox and Ripple.

 

With Stellar, companies can provide cheaper financial options to consumers. Stellar provides the possibility for financial institutions to conduct business together at cheaper costs than believe possible. The costs are then passed on to the consumer.

 

Stellar primarily works with financial companies in developing countries. Some of the institutions made possible with Stellar are Hijro, Mifos, Distributed Labs, and Oradian.

 

Stellar most recently teamed up with IBM to bring international financial options in the South Pacific. This marks Stellars biggest leap forward to date and may be a sign of a bright future.

 

About Jed McCaleb

Prior to jumping into the blockchain industry, Jed McCaleb worked to reinvent P2P file sharing. In 2000, Jed McCaleb created eDonkey, a P2P protocol that allowed users to download files from hundred of users simultaneously. P2P Programs and Torrenting software still use similar technology to this day.

 

Jed McCaleb then created Mt. Gox a platform for Magic: The Gathering Online players to trade cards. Mt. Gox only served its original purpose for a short time, however. Jed realized that the technology he used to create Mt. Gox could be used for so much more and turned it into the world’s first bitcoin exchange.

Category: Businessman, CEO

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