In 2014, Jed McCaleb and Joyce Kim came together and co-founded the Stellar Development Foundation. The main propose behind the creation of the foundation was because the two of them had recognized just how broken the world’s financial infrastructure had become. As a result of this, there were many individuals that were being left without resources. One thing that Jed has stated that he likes the most about the foundation, is that he gets the opportunity to spend a ton of hours with some of the world’s smartest people.
Before Jed McCaleb helped co-find Stellar, he was the founder of eDonkey2000. This happened to be one of the earliest peer to peer file sharing networks. EDonkey2000 was also one of the first multi-source downloading and one of the first implementations of the Kademlia DHT.
Jed McCaleb is also known for his longtime presence in the cryptocurrency world. He hopes to be able to make developments that will help change fundraising, global payments and also stock markets. McCaleb has been able to work with some of the world’s biggest crypto organizations, one of which happens to be Mt. Gox bitcoin exchange.
His current role consists of him being the chief technology officer at Stellar. Jed McCaleb recently shared his thoughts on how he thinks that underlying blockchain technology and cryptocurrency will more than likely gain traction in the near future. He also states that it is pretty clear to him that in the future there will be a universal payments network that will be able to operate. Coincidentally, Stellar is working very hard at the moment to be able to solve many of the cryptocurrency issues that McCaleb is concerned about. Along with seeing the problems of cryptocurrency fixed, Jed also states that many of the non-cryptoassets, which includes stock, will become digitalized in the future using the same exact technology.