Jed McCaleb is a businessman, innovator, and philanthropist who uses his talents to solves worldwide problems. Jed McCaleb found success in the tech world after creating eDonkey. This was a file sharing service that allowed people to trade large files between multiple people. This technology became the basis of modern file sharing programs as well as torrents. Jed McCaleb sold his company in order to pursue multiple new projects.
Jed McCaleb’s next venture was Ripple. This was one of the first businesses to enter into the bitcoin market. The company was one of the first bitcoin exchanges. The company grew with bitcoin and was able to provide products that made bitcoins safer and easier to use.
Jed McCaleb then went onto found the company Stellar. This company is designed to further solve the problems facing bitcoin. The company has created a number of software products designed to make bitcoin safer, easier to use, faster to use, less volatile, and less likely to be stolen. Stellar provides these software products on an open sourced basis. This means that anyone can use Stellar’s products for free. This will encourage those products to become the dominate product in the bitcoin market, and it means that major companies will not be able to control bitcoin by controlling patents on bitcoin software. The open sourced nature of bitcoin means that anyone can improve on the software. This means the software can be perfected for any situation, and it allows it to adopt innovations made by other people.
Jed McCaleb is motivated by his concerns over the nature of traditional financial institutions. He believes that the increased use of bitcoin will encourage traditional institutions to change their practices. He hopes that this will help to avoid a future world wide financial collapse much like what happened in 2008. He also believes that bitcoin will help people in the developing world. Bitcoin allows people in the developing world to use a currency that is not as volatile as local currencies. Bitcoin allows poverty stricken people to avoid inflation while having currency that is easy to transfer around the world.
JiRe10 April 26, 2018