In the world of cryptocurrency, there are few people who know more about the subject than Jed McCaleb. As the co-founder of Mt. Gox, Mr. McCaleb is considered one of the foremost experts on cryptocurrency as well as blockchain technology. Today, Mr. McCaleb is known for one of the most famous innovations in cryptocurrency – stellar.
So how did Jed McCaleb get his start? Well, one would have to go all the way back to the year 2000. Back then, Mr. McCaleb founded a company called eDonkey. This project was one of the first peer-to-peer file-sharing networks. While the company was the first of Mr. McCaleb’s innovations, it would not be the last.
Mr. McCaleb has always been interested in disrupting the established system. And there is perhaps no one system more established and centralized than the global financial system. A decade ago, the concept of cryptocurrency and the blockchain was born. Soon afterward, Jed McCaleb saw an opportunity to create a decentralized financial system that could make it easy for anyone to make a private financial transaction online.
In 2014, Mr. McCaleb helped develop Stellar which has emerged to become one of the most popular cryptocurrency concepts. With the funds raised from Stellar, Mr. McCaleb was able to launch another related project to help people around the world with financial literacy. That project, Stellar.org, has become one of the leading destinations for those who want to understand how to move their money around the world, quickly and privately, for a fraction of a penny.
Stellar.org is a non-profit dedicated to supporting the Stellar network. The organization helps by contributing to the open source software that is the backbone of the Stellar network. The network then helps financial networks work with each other on financial transactions. In a sense, Stellar helps bring order to the wild world of cryptocurrency.
Today Mr. McCaleb is helping financial institutions, non-profits and business use Stellar as the way to create a financial infrastructure for cryptocurrency transactions. From innovation to disruption and support, Mr. McCaleb is making the world easier to connect to each other, one financial transaction at a time.