Jed McCaleb And The Future Of Virtual Currency

Around the world, there has been the idea of digital cash as well as virtual currency. It has been there for a while now, but it came to be true in 2009 after the release of Bitcoin. Most people were happy about it and saw it as a revolutionary. However, even after this discovery, it stayed for almost a decade before going into the mainstream. Although finally, Bitcoin has achieved success after many years since it was discovered, it faced challenges along the way. One of the people who worked hard to get Bitcoin to be recognized is Jed McCaleb. He is a hero when you talk about cryptocurrency. Read more about McCaleb on Coin Telegraph.

Where did the idea of cryptocurrency come from?

Originally the idea behind cryptocurrencies was to make payments easy and quick as well as making sure there is transparency. It meant that sending payment could be easy and this would be for small fines. It was supposed to be a fair system for everyone in the financial sector. However, some people seem not to understand the idea behind cryptocurrency. Many have started scams, and that is why there is a sea of Initial Coin Offerings. But the best part with cryptocurrency is such scams cannot succeed. Some have taken the opportunity as a get rich quick scheme without knowing the technology and the original idea behind Bitcoins.

Stellar

When it comes to the world of cryptocurrency, one of the people who have stood out is Jed McCaleb. He is the one behind the success of Stellar. Jed McCaleb is an expert in programming and coding and worked with several technology companies to gain a lot of experience. He understood that although there was significant progress in cryptocurrency, a lot of people in third world countries did not see the benefits of this discovery. According to Jed, financial models were not complete and they contained gaps that needed to be fixed. He was sure that the current infrastructures in the world could not solve these issues. That understanding is what led the entrepreneur to start a company known as Stellar. The primary goal is to ensure the right approach when it comes to financial transactions.

From this source: https://www.bloomberg.com/