The serial entrepreneur, inventor, and programmer, Jed McCaleb, is well-known for his early adoption and creation of cutting-edge, Internet platforms and websites, like Mt. Gox. And when it comes to hot technology like blockchain and other new methods of payment involving Bitcoin, McCaleb is right there, spotting the trends. Recently, McCaleb created a cryptocurrency-based project called Stellar.org.
When Jed McCaleb produced the first Bitcoin exchange, Mt. Gox, he didn’t waste much time holding onto his groundbreaking website — McCaleb sold his Bitcoin platform just a year after he had made it. For a stellar person like Jed McCaleb, being on the cusp of cutting-edge technologies as an entrepreneur and a first-mover is a quite customary part of his life.
McCaleb started making a real name for himself in the web platform building world in the year 2000. McCaleb created the peer-to-peer file-sharing software program, eDonkey. It was the first-of-its-kind to allow multiple computer nodes download files.
In terms blockchain and crypto currency’s future, McCaleb asserted that blockchain technology will be the driving force behind a universal process involving banking transactions. McCaleb also believes that blockchain technology will be directly involved in stock trading. Stellar.org can be the solution for opening this untapped business sector because it works as an open-source network of banks that can choose to be directly involved in cryptocurrencies.
And for the projected, 2 billion people who live in a world with no direct access to banks and other financial entities, the Stellar Foundation was designed by McCaleb to assist with these barriers to entry. McCaleb argues that Stellar Foundation is an important business and technology solution based on the notion that Stellar.org can bring affordable, yet reliable methods for banks and their potential customers to do business. Cryptocurrency, much like Bitcoin, can fill the rift between the 2 billion people without banking systems, and important financial entities that are eager to build business relationships, internationally.
Jed McCaleb’s vision entails a world where banks, which are working with his Stellar.org platform and additional tools, can be a part of an open-source network that is secure, affordable, and stable.
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