Improving The World: Jed McCaleb

Jed McCaleb founded the Stellar Development Foundation when he realized that the financial infrastructure of the world is broken and many people are with no little or no resources. Jed has spent most of his time thinking on ways he can improve technology and how it can improve the world. Earlier on he had created eDonkey2000 network for peer to peer file sharing and Mt. Gox.

 

Jed McCaleb is a cryptocurrency expert and is renowned for his contribution for starting the first bitcoin Mt. Gox. After teaming up with Joyce kim, they cofounded stellar in 2014 where he now is the leader technical development. His duties at stellar ensure he is preoccupied with either responding to emails from clients or coding and building stellar to be better.

 

Jed McCaleb has spent s most of time thinking on better ways he can improve the current technology and finding ways to use the new technology, the stellar network gets support from stellar.org that helps to contribute to the open source software.

 

Jed Mccaleb got the idea to start stellar when he realized that he could solve many problems with the bitcoin technology. The idea of bitcoin helped him to start a financial network that can connect institutions instead of creating a currency. The aim of stellar now is to connect the unbanked people in the world by linking several institutions together so that different institutions are tied together to allow for cheaper money transfer through an open source financial network.

 

Jed McCaleb and his team have worked on stellar from 2014 and now the network is more secure than before and easy for one to interact using standard tools and get information. Now stellar has a global outreach and Jed attributes the networks’ success to coming up with concrete strategies and plans. The art to be focused on important things has enabled Jed to avoid unnecessary distractions. The path for entrepreneurship for Jed has been with many challenges and he understands that for one to be successful you have to overcome the obstacles in life and don’t allow them to let you down.