Mr. Jed McCaleb is an American entrepreneur and a programmer. Apart from co-founding Stellar organization, he is the one who spearheaded the foundation and served as the company’s CTO ripple through to 2013. He is also recognized as the creator of bitcoin exchange Mt. GOX, Overnet networks, eDonkey2000 application and the peer-to-peer eDonkey.
How His Early Life and Career Started
Mr. Jed McCaleb was born in Arkansas and went to the University of California, Berkeley. He later moved to the City of New York. In 2000, he founded Meta Machine Inc. and released eDonkey2000 application. Sam Yagan later linked with him in 2001 and served as the company’s Chief Executive Officer. Jed McCaleb worked as the CTO of that company and went with developing the peer-to-peer eDonkey, the Over networks, and the eDonkey 2000 application. The network, at its best height, grew to get more than 4 million users. In 2007, Jed McCaleb purchased a domain called Mtgox.Com, with the intention of creating a Magic trading site, The Gathering cards. The website became popular within a few months.
His later career
In 2014 according to Coin Telegraph, Mr. Jed McCaleb co-founded a non-profitable organization, the Stellar Developing Foundation, together with his partner, Joyce Kim. With the aim of developing an open source protocol to stellar, the company decided to make it easy in cross-border business transactions through digital currencies. It debuted on 31st July 2014 and got 3 million US dollars loan from the ripple. The inventor of Mt. GOX and stellar CTO is committed, and he is envisioning a blockchain powered single transaction payment system in the whole world. Stellar is an international Blockchain powered setup which uses digital token. Woon Bank from South Korea had already lined up ripple on commercial basis implementation in 2018. Hopefully, by 2028 the company’s blockchain would have a power boost on UniversalPayment Network that would process the payments and also the traditional assets like shares and stocks. Jed Mc Caleb who for long has been a crypto organizer has had his predictions about stellar’s change of technology in future, to the better.