Jed McCaleb Chimes in On Future of Banking and Blockchain

Jed McCaleb is an expert programmer and revered individual among the cryptocurrency world. He is currently the CTO and co-founder of Stellar, a blockchain company that works to make the banking system more cost efficient.

 

Recently, Jed McCaleb made a prediction about the future of blockchain and cryptocurrency. He believes that the financial industry and blockchain will one day be the same entity. McCaleb explains that in order for this to happen a few prerequisites must be met. The system must be operated on a public ledger to prevent fraud and the system must be able to support currencies from all over the world.

 

McCaleb is able to make this prediction because he is working to make it happen. Stellar, which was founded by Joyce Kim and Jed McCaleb, has been working hard since its creation in 2014 to provide cheaper banking options to consumers all over the world. By using Stellar, financial institutions will be able to conduct business with each other at much cheaper costs than previously believed possible.

 

About Jed McCaleb

 

Before he entered into the crypto-world, McCaleb had already worked in many different industries in the tech world.

 

McCaleb created eDonkey at the dawn of the internet. eDonkey was a peer to peer programming program that set the stage for dozens of imitators to follow. The protocol under the hood of eDonkey enabled users to download one file from multiple sources then piece it back together.

 

After his time in peer to peer filesharing came to a close, McCaleb created Mt. Gox, a video game virtual asset trading market place. McCaleb quickly realized his technology could serve a greater purpose and turned his company into the world’s first bitcoin exchange.

 

Now as the CTO of Stellar, McCaleb is working on his biggest project to date. Jed McCaleb is doing his part to bring blockchain technology to mainstream audiences.

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