Jed McCaleb Talks on the Future of Stellar.org

During a four-day occasion which featured evening events and conferences about blockchain technology, cybersecurity, and fintech subjects, Finance Magnets happened to attend a session dabbed as “An Evening with Stellar and eToro.” This meeting, held at Rise, was graced by two guest speakers: eToro Chief Executive Officer, Yoni Assia, and the Co-founder of Stellar, Jed McCaleb. Both of them gave their opinions on blockchain technology trends and their take on future investments. While giving his keynote address, McCaleb described Stellar as a non-profit making platform that makes use of an open protocol for payments. He added that besides each digital dollar being real, Stellar also promoted enormous opportunities and creativity.

According to Jed, it is mining that reminded him of the crypto world. Further, in an attempt to shed light on mining, he said that a big chunk of money, to a tune of one billion dollars, had been pumped into crypto mining and he had always wanted to find a solution. “We cannot take bitcon further than a token even though it is an awesome idea,” he added.

On Stellar conception, McCaleb said that the bottom-line was coming up with a platform that would make a significant improvement in how tokens are distributed. He believed that Stellar was the answer to this, as it would provide tokens both for developers and other huge projects. He applauded Stellar as the best option for those intending to store assets or transfer value.

Global Coin Report says that at the time of this occasion, Stellar had encountered significant growth, having a total of 450 employees and about nine million users. As a first moving platform for the cryptocurrency, Stellar Lumens has over seven billion dollars of market capital. It focuses on evolving the unbanked populations plus market development. For more info about Jed’s work history, read more.

Jed McCaleb, the co-founder, and CTO of Stellar.org is an American programmer, born in Arkansas. He schooled at the University of California where he acquired a strong programming and entrepreneurship background. He has been well known for the creation of bitcons, a skill that makes him a valuable asset to Stellar.org.

More info about Jed’s blockchain prediction: https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html

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