The Work of Jed McCaleb

Jed McCaleb is an American programmer and blockchain cryptocurrency expert. He is one of the best at what he does in the world. He is a pioneer in the bitcoin industry, having started Mt. Gox, the world’s first bitcoin exchange. He also helped start eDonkey one of the first decentralized peer-to-peer file sharing networks. In 2014 he cofounded Stellar Development Foundation, currently helping lead it as its CTO. Although he was just a co-founder, Stellar was his brainchild and would not have been started at all without his pushing it the entire way.

He first conceptualized Stellar as a corrector of a number of bitcoin-based problems. It resolves these bitcoin problems is by effectively linking bitcoin institutions to each other. This has proven extremely helpful since it makes it more affordable for these institutions to offer and provide services for a wider range of the earth population. Prior to this, the cost of money transfers was just too high for these institutions to be able to even afford to offer their services to low-income people. Because of its radical and revolutionary effectiveness to change these businesses for the much better, Stellar is used by a vast number of businesses, financial organizations, and nonprofits across the world.

His position as CTO of Stellar means that he is in charge of leading its technical development. The Stellar network is supported by Stellar.org, a non-profit technology and literacy organization. McCaleb is fully committed to spurring Stellar into pioneering the technology of the future. Since its founding, the Stellar team has greatly honed and continually updated their services. One of the ways they do so is to constantly run failure simulations. It is now so simple that the average computer user can use their technology without needing a lot of extra equipment. Today, Stellar is run by members of the community. Stellar.org aids in the network’s open source core protocol, with the community doing everything else involved.