Jed McCaleb-Building a Robust Decentralized Exchange Interface

June 13, 2018

Jed McCaleb believes that the blockchain industry has been through the winding and long road even though it’s still on its infancy level. Jed prides to having founded various big-names of the blockchain projects, and he continues to work hard on this technology industry through the Stellar Company and dealing with various cross-border payments and remittances. Jed McCaleb mission is on a constant rise, and he is learning to build the block with his stellar projects, and his first taste of cryptocurrency was in 2010 when he was introduced to Bitcoin. He got hooked up from the first instance and thought the idea of having free currency was terrific and the technology was extraordinary and that’s how the Slashdot article changed his life.

The building of Mt.Gox as a Bitcoin trading for centralized exchange led to the accountability of over 80% of the cryptocurrency market. Jed McCaleb sold the platform in 2011 to Mark Karpeles, a software developer with him retaining 12% of the company stake. After the successful sale, Jed opted to solve the most significant problem found in the mining of Bitcoins since he thought the process was wasteful. Bitcoin acceptance and popularity increased rapidly, and Jed McCaleb found the way of solving the problem, and that’s the way Ripple began.

Ripple became something bigger bringing a more relaxed way of decentralizing money, leading to putting various assets into one network through the stellar platform. In 2014 Jed McCaleb used his outstanding skills and expertise to form the Stellar Development Foundation with core mandate of overseeing the growth of Stellar protocol. According to Jed McCaleb on LinkedIn, the main agenda of the Stellar Company was providing internet-levels of the protocol payments that helped in connection with various financial payments and institutions networks to work together.

Philosophically Jed created Stellar as a network that utilizes the use of new forms of the federated Byzantine agreement consensus. The model allows other nodes found on the web to select their trusted nodes creating a consensus of the web-structured network. The Stellar blockchain plays a significant part in the booming fundraising through the ICO helping various new companies raise funds through the tokenizing assets.


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