Jed McCaleb is known for his expertise in programming and blockchain cryptocurrency. He started a company called Mt.Gox the first Bitcon cryptotpcurrency exchange.
He was involved in a peer and file sharing network called eDonkey. This was started in 2000 with another programmer named Sam Yagan. Their network featured multi-source downloading.
In 2014, Jed began Stellar after noticing or seeing major flaws in the global financing system. He developed the Stellar Development Foundation with another programmer named Joyce Kim. He was responsible for the technical development of the company.
He designed a financial network that worked to increase economic participation. He coded and worked on technical aspects of the network and responded to emails and inquires about the business. They are part of the Stellar network the helps provide technology services and financial literacy.
The idea for this network came from Jed’s experience with Bitcon. He saw that it was important to connect financial institutions not just create a new currency. Stellar is an open source network. They know linking organizations in a financial network is an important factor.
Jed says his network tries to connect those that don’t use banks in the world. When these institutions are linked they can provide low cost services to those that don’t use banks. It hard for banks to offer services to low income people due to high costs. He instituted money transfer services that eliminate the high costs.
The network is used by many non-profits, businesses, and financial organizations in countries where they do not use a banking system. The network is secure and easy to use. It uses standard library tools to the network the organizations and offers easy access.
When not working on the Stellar network, he spends his time researching the use of Artificial Intelligence. He is involved with an organization called Machine Intelligence Research Institute. They are working on tools that ensure the secure use of AP software.
More on Jed McCaleb: https://github.com/jedmccaleb