Jed McCaleb and The Stellar Lumens

Jeb McCaleb is the co-founder and CEO of Stellar Development Foundation. He co-founded the foundation together with Joyce Kim in 2014. He found the company upon realizing that many people are left without resources, after the breaking of financial infrastructure. He spends most of his time at Stellar with the smartest people ever in his life.

Before Jed co-founded Stellar foundation, he made eDonkey in 2000. This was a peer to peer network for file sharing. eDonkey was the first platform to implement Kademlia DHT and multi-source downloading. Jed McCaleb spent most of his time on improving technologies and using the same techniques to make the world better. He believes in improving human conditions and reducing inefficiency by leveraging on technology.

In 2011, Jed created Mt. Gox, which became the first Bitcoin exchange. He is also an advisor at MIRI, a company that carries research in artificial intelligence. He envisions a single system for payment services that run the entire world, powered by Bitcoin. He also sees the possibility of the payment of fiat currency through Blockchain. Jed sees Stellar as a payment process system that will support shares and stocks by 2028.

In 10 years’ time, Jed believes that all equity will be tokenized on blockchain technology. The Stellar token network: The Stellar Lumens (XLM) has been following an upward trend for some time now. It has adopted the lightning network to neutralize against any future drawbacks. With his in-depth knowledge and experience in technologies, his successful future prediction for Stellar is not something to ignore. Know more here.

Jed’s opinion on the current Initial Coin Offerings is that the system does not tap the market. Autonomous next reports that ICOs have raised $9 billion over four years. However, the popularity of ICOs has led to an increase in fraudsters who take advantage of technology to raise funds leaving investors without their money. Regulators attention has been drawn on this activity.

Jed McCaleb’s Bio: https://www.worldcryptoindex.com/creators/jed-mccaleb/

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