Jed McCaleb – Making Life Better with Technology
Jed McCaleb is a prominent programmer in America and an expert in cryptocurrency. His leading part in the cryptocurrency industry is his establishment of Mt. Gox, the world’s pioneer in Bitcoin exchange. Jed is also a part of other start-up projects like eDonkey that features a network for decentralized peer-to-peer sharing of files along with a multisource download implementation. It was created by Sam Yagan and Jed himself.
Jed McCaleb started Stellar in 2014 after he saw some flaws in the globe’s financial system. He worked with Joyce Kim and co-founded Stellar Development Foundation where he is the CTO and Co-Founder. He heads the technical advancement of Stellar. Stellar is a universal financial system that is engaged in the increase of economic inclusion or participation. His responsibilities are two-fold – so when he is not engrossed in the technical building of Stellar or coding; he is busy answering emails and overseeing other things that are associated with managing a business.
The Stellar network obtains support from Stellar.org, which is a non-profit entity that links digital financial literacy and technology. Moreover, Stellar.org adds open source programs. Jed McCaleb spent much of his time in looking and thinking of new ways to use technology in solving the world’s problems.
In an interview, Jed said he got the Stellar idea when he saw and understood what Bitcoin was. He realized that there is further need to link the new digital currency to financial institutions. Thus, instead of generating a currency he opted to create an open source of the financial network that links financial institutions to each other – and that is where Stellar comes in.
If Jed is not busy supervising Stellar, he spends his time researching new happenings on Artificial Intelligence. He has faith that artificial intelligence (AI) will bring proper transformations that will make life simpler, which is why he is similarly participating in MIRI – a non-profit organization dedicated to crafting new implements that would ensure the safe utilization of AI.
Jed McCaleb concentrates on planning since he believes that failure will be imminent if you have the wrong objectives or goals in your preliminary moves.