An American Entrepreneur comes programmer, Jed McCaleb founded the stellar organization.
Born in Arkansas, McCaleb studied at the California university in Berkeley.
According to McCaleb, he started his career in 2000 when he founded the meta-machine inc. This gave him an opportunity to build the Edonkey 2000 app, and he also developed the Overnet network and peered to peer Edonkey network.
In 2007, he acquired the mtgox.com, a domain, with a sole purpose of the creation of a trading site for the gathering cards. He later converted the site to be a bitcoin exchange in 2010.
The site also acted as a processor of the bitcoin to dollar trade. In 2014, together with Joyce Kim, Jed McCaleb cofounded the stellar Development Foundation, a non-profit making organization with the sole purpose of developing the open source heavenly protocol that would initiate cross-border transactions and the digital currencies.
Jed McCaleb launched the light year.io in 2017 May. Later in the year, light year formed a partnership with IBM to launch block chain banking using the stellar lumen currency in the south pacific.
Jed McCaleb envisions a positive future of the blockchain technology. He was keen to note that the technology would ensure the Fiat currencies payments besides offering a universal operable payment network.
McCaleb predicts that the stellar technology is set to change the financial systems internationally for instance in the stock payments by the year 2028. Autonomous next, an economic research firm reported that the initial coin offerings helped raise slightly over 9 billion us dollars in the space of 4years.
With the primary aim of facilitating organic internet growth, Stellar has designed an upgraded network that has simple primitives composed in various ways. This is key to offering a maintainable, robust and robust system.
Jed’s company has had great success. One of its Xlm coins, the lumens, has managed to soar to one of the top 10 largest cryptocurrencies. McCaleb has been involved in various charity projects, and for instance, he donated 500,000 Us dollars to the machine intelligence which is a research institute. Get in touch with Jed McCaleb | LinkedIn.
Recently he promised to fund Artificial intelligence safety group, a nonprofit organization.
Read this Global Coin Report Article: https://globalcoinreport.com/stellar-lumens-technology-will-lead-to-new-global-payment-systems-jed-mccaleb/