Jed McCaleb is an individual whose primary goal is to innovate technology, so it will be better and more efficient for life. Jed’s main focus with this project is to provide a single payment method for the whole world to use. There is one other system that is used for international payments, but not every person is allowed to use the existing system. Jed has focused on creating his own system for many years. He has devoted majority of his life to his dream.
Jed has an existing system that is called Ripple. Ripple was created by Jed in 2011. Although Jed will not be copying the existing system, he will create a system that will be similar to Ripple. Jed created the Ripple system, and he gave it the capability to uses the Blockchain powered international payment set up, which uses a digital token. He plans to allow Stellar the capability of a Blockchain technology that could provide international payments along with traditional assets like stocks and shares called the “Universal Payments Network”. Jed co-founded the Stellar Development Foundation in 2014
In addition to creating Stellar, Jed is the creator of Mt. Gox. Mt. Gox is a way of exchanging bitcoin. Before Stellar, Jed had created eDonkey 2000 as well. EDonkey 2000 is a peer-to-peer file sharing network that was the first software to implement multi-source downloading.
While Jed McCaleb has been on a journey to establish a system that improves the way technology impacts the world, he has multiple sources that can help him achieve his dream. With Jed having multiple sources shows that he has a lot of experience. Stellar has been at steady growth in the stock market of Initial Coin Offerings. Although Jed’s previous creations were not as big of an impact as he wished, it wouldn’t be wise to doubt his abilities given his experience.