Jed McCaleb began his career as a programmer but soon advanced to innovator. At eDonkey and Overnet, Jed McCaleb was able to create ground breaking protocols that changed the way people download files; at Mt. Gox, he created the first bitcoin exchange network of its kind. Now, at Stellar, Jed McCaleb is uniting financial institutions from all over the world, making international transactions safer, faster, and cheaper.
Stellar was co-founded by Jed McCaleb and Joyce Kim in order to unite the world, literally. Stellar works in a large number of countries in Asia, Europe and even the United States. Stellar uses its custom blockchain protocol to unite financial institutions together in a way that is preferable to more widespread methods. Stellar is even more efficient than other blockchain companies, operating with less nodes and clocking in at 5 second or less transaction speeds.
Jed McCaleb was introduced to the world of Bitcoin through an online news source called Slashdot. The article linked to a discussion forum where McCaleb was able to indulge in all things relating to cryptocurrency and blockchain. Thanks to McCaleb’s curiosity, he is now the CTO of a large financial based blockchain company.
“Before the Slashdot article, Bitcointalk had 200 people on there, and after the article it had like 2,000,” said McCaleb. Bitcointalk is the discussion forum where McCaleb first learned about bitcoin.
McCaleb built upon the open source software behind blockchain and reinvented it. With Mt. Gox users were able to conduct their transactions without setting up prior arrangements with the other user. Thanks to this innovative approach Mt. Gox made up for 80% of the total bitcoin transactions prior to it being sold.
Jed McCaleb has even further hopes with Stellar. As of right now, Stellar’s biggest partner is IBM, but that may be changing in the near future. Jed McCaleb is teasing a new member of the Stellar team, and he says its a gamechanger. McCaleb wouldn’t let loose the name of company that Stellar is partnering with, but he did explain that it would position Stellar to become a true global operator.