Jed McCaleb is the co-founder of Stellar. Stellar is a company in the blockchain industry. It is one of the companies which is trying to advance the blockchain industry by introducing more solutions that will lead to the acceptability of digital currencies in the financial industry. Currently, cryptocurrencies have not been fully embraced by central governments around the world. Many people have also not been able to utilize them in online purchases when compared to other currencies such as dollars or pounds. The good news is that there are people who are driving the cryptocurrencies into acceptability. Jed McCaleb is among those people who have not given up on this young industry. He has been in the industry since 2010, and he is still going on strong looking for opportunities to make the industry even better.
In 2010, he was introduced to bitcoin in an article he read in 2010. The article was linked to Bitcointalk which at the time had only 200 followers. After he read the article, it opened his eyes to the possibility of having a currency that cannot be centrally controlled. He developed interest and decided to search for more information about the blockchain technology. Currently, he is among the pioneers in the industry who are making every effort to ensure that cryptocurrencies are integrated with other currencies. Stellar is currently undertaking various projects that will create a system that will enable cross-border payments and remittances. When this goes through, it will be possible to use cryptocurrencies just like any other currency.
When Jed McCaleb joined the industry, the first thing he did was to create a centralized exchange known as Mt. Gox. This was the most successful exchange at the time. It accounted for over 80% of the digital currencies transactions. Other platforms were available, but they were never centralized meaning that one had to coordinate with other parties before making a transaction.
Jed McCaleb is clearly one of the people who has played a critical role in enhancing the industry. His role is expected to take the industry a notch higher after the completion of projects being carried out by Stellar. Follow Jed McCaleb on LinkedIn to know more.