Jed McCaleb is the CTO and co-founder of Stellar.org. He leads the company’s capacity for technology development. His company’s mission is to leverage technology in ways that can help to advance individuals. His colleagues know him to be a brilliant man who constantly seeks ways to improve existing technology. He can add to his credits the creation of eDonkey, which happened to be among the biggest networks to share files in its day. He also founded Mt. Gox.
His latest efforts to disrupt the system is a company called Stellar. He started this company out by realizing that the world’s money systems are broken and that too many people end up without true access. He created Stellar in 2014 and leads its technology development efforts at present.
Stellar is a platform that connects payment systems, banks, and people in ways that can facilitate the movement of money in ways that are quick, reliable, and without almost any cost. His company also provides a means for connecting people with affordable financial services to help develop individual potential and to fight poverty.
The goal of Stellar is to create a network of worldwide machines that will allow anyone to send the currency of their choice where it will arrive at its destination as another currency. The challenge will also be to keep such machines honest and accurate. This of course requires a new online algorithm that helps establish trust.
Such an algorithm can help drive Stellar’s network and other systems online that will be able to operate without a central authority. This can affect everything from email services to the stock market and a host of digital currencies. Another way of looking at the end result is that a vast array of machines will be able to agree. Trust! It is a system that allows everyone to agree that everyone else is on the up-and-up.
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