Stellar is a new venture co-created by Jed McCaleb and Joyce Kim in response to the flaws in the global economic system. It’s a universal financial network that goes beyond the concept of a universal currency (such as Bitcoin) and actually creates an open source network that connects financial institutions from all over the world.
Stellar is specifically focused on connecting the 2.5 billion people who are currently unbanked in the world. Through Stellar, which is supported by the nonprofit Stellar, financial institutions are able to offer their services to individuals who are low-income. Jed McCaleb is hoping that Stellar can grow, and be able to offer seamless, cheap money transfer to institutions all around the world.
Jed McCaleb is a blockchain cryptocurrency expert and a programmer, both areas of expertise that have enabled him to make great decisions for Stellar. His main roles when it comes to running Stellar are coding and developing Stellar’s technical aspects and responding to emails from clients. In the past, Jed McCaleb has been the founder and CTO of MetaMachine, which created edonkey in 2000, one of the first decentralized P2P file sharing platforms, and the first to allow multisource downloading. He also founded Code Collective, where he designed a game named The Far Wilds, a strategy game focused on rewarding clever plays. He also founded ripple.com, and worked as an advisor at the Machine Intelligence Research Institute. In his spare time, Jed McCaleb researches Artificial Intelligence, which he believes will solve most modern problems and will develop significantly in the next twenty years.
Jed McCaleb is certainly a planner, believing that productivity doesn’t matter in the slightest if you have bad plans, and you can’t become successful if you have the wrong goals. He also focuses on what’s important in his life and refuses to let himself be distracted from his goals. Because of this, he’s great at overcoming challenges and doesn’t let the inevitable challenges that come with entrepreneurship stop him from succeeding. Stellar exists, and has been developing on the scale that it has been, thanks to his tenacity and refusal to back down from his goals.
More on Jed McCaleb: https://en.bitcoin.it/wiki/Jed_McCaleb