One cannot talk about the success of cryptocurrency in bringing decentralization aspect in money without mentioning Jed McCaleb. Jed McCaleb is a programmer with immerse experience in solving problems traditionally assumed to be normal. He was significantly involved in the development of the first exchange of the world most famous cryptocurrency, bitcoin using Mt. Gox where he contributed immensely. This project, however, was not his first project as a programmer. He previously worked on a solo project known as eDonkey where he collaborated with another talented developer known as Sam Yagan.
After the success of eDonkey in 2000, Jed McCaleb was ready for a more significant and a more challenging task. He realized that the financial systems around the world had some significant issues, which slowed down the transfer of funds and eventually slow business. As a developer, he believes in speed and accuracy, and therefore he teamed up with Joyce Kim as a co-founder. The two are determined by combining the financial knowledge with technology and thus solve the issues that slow down the world transfer of funds.
Bitcoin according to Jed McCaleb resolved many financial matters involved in the transfer of value from one person to another. However, the institutional issues between the financial institutions still exist and this according to him had to be solved by creating a financial network. Consequently, Stellar links institutions at a faster rate without compromising security and it is relatively cheap compared to the traditional way. Over the years, however Stellar has been updated to accommodate new ideas and advancement in the financial world such as batch operations and multi-signature support.
His work at Stellar is part of his exciting life as a practical problem solver. He is a believer in Artificial Intelligence as a tool to the next invention that will simplify life significantly. This involvement in Artificial Intelligence and Stellar requires a high level of commitment and dedication. According to him, it all depends on avoiding distractions. A developer, just like any other occupation involves planning and focusing on the essential aspects and ignoring distractions. However, taking calculated risks is vital according to him, and chances open up new opportunities.
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