Jed McCaleb is the co-founder of Stellar, a company that is growing in the field of cross-border payments and disbursement. Jeb McCaleb has worked tirelessly to give birth to many blockchain projects that are well known. He is on a journey to make sure that all the projects he has endeavored to build, become successful as his Stellar venture.
In 2010, Jed McCaleb was brought into the Bitcoin enterprise by an article he read online on a tech website called Slashdot. This website had a link to the Bitcoin whitepaper, which has a well-known forum that is focused on talking about Bitcoin. This information about Bitcoin was of great interest to him. Jed McCaleb liked the idea that this money was not controlled centrally.
According to Jed McCaleb, coming across the information about Bitcoin was an eye opener, and the possibilities were endless, especially when it comes to the technological aspect of it. The website Slashdot had 200 people on it discussing Bitcoin and grew to 2,000 people after the article on Bitcoin was written and published by Slashdot. Many people who read the article about Bitcoin began the process of building things.
Being inspired by what he read in the article about Bitcoin, Jed McCaleb began his journey to build an exchange for Bitcoin trading that was centralized, which he named Mt. Gox.
In 2011 Mark Karpeles, a software developer bought Mt. Gox from Jed McCaleb but he kept 12 percent of the company after the sale in the exchange. He started his adventure in resolving a big problem that Bitcoin had.
After working hard for many years in building the company, Stellar became a well-known company in cryptocurrency in the world of finance.
While working on his other projects, Jed McCaleb began using his ability and accomplishments in 2014, to begin the Stellar Development Foundation, and to supervise the birth of the Stellar contract.
Jed McCaleb has set his sights on teaming up with companies such as IBM to create a network that is the norm or definitive for sending currency worldwide. He is hopeful about getting financial businesses to join him in a partnership.