Jed McCaleb is a well-known blockchain cryptocurrency expert, as well as a prominent programmer. Anyone who has been following the legendary successes achieved with Bitcoin fortunes may recognize the name Jed McCaleb as being synonymous with Mt. Gox, the first Bitcoin worldwide exchange. Additionally, McCaleb was involved in the creation days of eDonkey, one of the original decentralized peer-to-peer file sharing networks.
McCaleb’s newest undertaking is known as Stellar Development Foundation. Alongside co-founder Joyce Kim, Jed has taken the role of CTO as he leads the technical development side. He develops the coding systems and constructs a team of associates to continue the growth of Stellar Development’s technical aspects.
The Stellar Network is associated with and receives support from Stellar.org which is a non-profit organization. Stellar.org is a known contributor toward open source software. It combines technological advances and digital financial literacy.
Jed McCaleb initially entertained the early thoughts of Stellar while working with Bitcoin and watching how it connected financial institutions. Instead of creating a competing cryptocurrency, Jed decided to create Stellar. He designed it as an open source financial network that also has the ability to connect financial institutions. In fact, Stellar aims to connect the approximately 2.5 billion individuals in the world who are unbanked. There is a concentrated interest in this type of program in the developing world since this is where these calculations of the unbanked are highest.
Stellar has already been implemented by numerable financial institutions, businesses, and nonprofits across the world. The Stellar network continues to undergo upgrades. The current network is more modular, scalable, and secure than the workings prior to 2014.
When Jed McCaleb isn’t pouring his heart into Stellar, he is an advisor at MIRI (Machine Intelligence Research Institute). McCaleb is a firm believer in the benefits of Artificial Intelligence and believes that AI will create solutions to things humans have been struggling with for quite some time. Jed wants to assist in the creation of new tools which will help to guarantee the safe use of AI software in the coming times.