One thing you would realize with the Stellar in the blockchain industry is that it has had a winding and long way. Jed McCaleb is the co-founder of the Stellar. McCaleb has already established some other blockchain projects even as the technology remains in infancy. What McCaleb has been doing is trying to build Stellar to attain the industrial standards he intended it to attain in terms of cross-border payments and remittances. Whenever McCaleb has a mission, he remains steadfast in it. McCaleb believes that his previous experience and previous work will help him achieve the success he wants to see in the Stellar project.
It was an online tech site known as Slashdot that introduced McCaleb to Bitcoin in 2010. He read the article and saw an investment opportunity he needed to pursue. The article was linked to a famous forum called Bitcointalk and the Bitcoin whitepaper. He developed the desire to invest in this industry from the start and he found it amazing even before he had implemented the idea. McCaleb says that he had thought of getting into this business but he was afraid that money would not be centrally controlled. He only came to realize that it was possible to come up with a centralized system of controlling the money.
He says that he didn’t find this technique beneficial to him alone but also to the whole technology. One thing McCaleb had to do is built a centralized exchange system for Bitcoin trading. He named the centralized exchange he built Mt. Gox. Although there were other exchanges at the time, he still thought that he could come up with the best. Before it was long, the Mt. Gox he had come up with had taken over more than 80 percent of the cryptocurrency exchange trading. Jed McCaleb is a young person who is competent in programming technological proportions. He started his successful journey towards this innovation in 2000 when he developed eDonkey. All the technological talents he had are the same he brought to Bitcoin. McCaleb has been able to expand Stellar using his business-technology intellect. He believes that people trading Bitcoin would have easier payments using Stellar.