Jed McCaleb: Stellar and Entrepreneurship

Jed McCaleb is the co-founder of Stellar. It was created in 2014 and offers open-source software. Jed leverages technology to ultimately lower inefficiency, and that in turn improves the human condition. He is the creator of eDonkey, Mt. Gox, founder of Ripple, and is the leader of all technical development at Stellar.

Stellar is understood as a universal financial network that tries to grow economic involvement for every individual. This network is then supported by Stellar, which is non-profit. For Jed McCaleb, his continuous intrigue in Bitcoin eventually led to the production of Stellar. Stellar is different because it links all the dissimilar institutions to one another, including Bitcoin.

2.5 billion Individuals don’t have access to bank accounts and don’t save money. This makes banking and its accessibility to low income people very difficult. Stellar is then used to tie the banking institutions together and let people move money seamlessly and cheaply. Currently, many nonprofit organizations and companies are adding Stellar to financial infrastructure, particularly in the developing world.

Jed McCaleb is highly excited and interested in artificial intelligence at the moment. It’s a highly powerful technology, and in the next 20 years it can solve a lot of issues. He now donates to Machine Intelligence Research Institute, a non-profit company that develops formal tools for safe operation of upcoming generations of AI software.

As an entrepreneur, Jed McCaleb has had his ups and downs in the industry. He suggests he would do several things differently now then what he did in the past. Focusing on niche things is not a good idea. When you are successful at the large ideas, the reward is much greater than that of the niche products. Jed also doesn’t let failures or setbacks stop him. It takes time and can be a long journey, but the reward is unlimited.

More on Jed McCaleb: https://www.ccn.com/tag/jed-mccaleb/

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