The Evolution of Jed McCaleb


Jed McCaleb is an entrepreneur in the digital tech industry and has been involved in the founding of several innovative companies.. Jed is responsible for companies such as peer to peer networks such as Overnet and eDonkey2000. Jed McCaleb was also the founder of Magic: The Gathering Online card exchange, Mt. Gox. Using his expert knowledge of programmer and crytocurrency systems, he has brought innovations to several industries of the online world.

2014 was the year Jed McCaleb began his most ambitious project to date. Along with Joyce Kim, McCaleb began utilizing a method of connecting too entities together that would eliminate necessaries fees associated with the transfer of information. Jed McCaleb aimed to use his innovative thinking to connect several global financial institutions together in order to offer goods and services (which were previously too expensive) to low income and middle-income homes. The duo named the company Stellar Development Foundation.

McCaleb divides his time into two primary tasks while working at Stellar; he responds to emails and letters and further develops the technical and software aspects of Stellar.

When asked where he got the idea for his company Jed replied, “My evolving interest in Bitcoin eventually lead me to the idea for Stellar.” In the interview, Jed explains that he saw an opportunity to use Bitcoin to connect institutions and took it.

About Jed McCaleb

You can tell that Jed McCaleb is no stranger to innovative thinking when you look at what what Stellar Development Foundation has been able to accomplish. His long list of accomplishments prior to starting Stellar raises questions about what he will do in the future.

eDonkey2000 was the worlds first technology to allow multi-source downloading. This type of technology is still the standard method of delivering files used by nearly all peer to peer platforms today.

Mt. Gox was originally a market place for Magic: The Gathering Online players to trade cards as if they were tangible items. Jed’s service eliminated the risk of being scammed and ripped off, but the service did last for long. Jed eventually moved the focus of the company to Bitcoin trading before selling it to a company in Japan.