Jed McCaleb is an American entrepreneur and philanthropist. He is often known for being the co-founder of Stellar, a direct competitor of the popular crypto-currency, Bitcoin. After studying Bitcoin for some time, Jed McCaleb was able to examine ways to improve Bitcoin’s system and security. Stellar’s system is backed by Stellar.org, which allows the combination of technology and digital financial literacy. According to coinmarketcap.com, Stellar is among the top ten in crypto-currencies among the world. Jed McCaleb constantly works to improve the system, in hopes that it will eventually pass Bitcoin as the number one crypto-currency. According to McCaleb, a typical day of work consists of coding, responding to emails and requests, and also managing the everyday operations that come with managing a company.
Jed McCaleb is not a newcomer in the crypto-currency field, as he is credited with the founding of Ripple in 2011. With a market cap of over 41 billion, Ripple currently sits in the top five amongst digital currencies on coinmarketcap.com. McCaleb’s love for digital currencies drives him to break barriers in the field, making him and his companies stand out amongst competition. Due to his success as an excellent programmer and developer, McCaleb has ventured into other fields supporting various small startups. His interest in artificial intelligence led him to become involved with the Machine Intelligence Research institute(MIRI), where he serves as a senior advisor.
Jed McCaleb focuses on strategy in all of his ventures, believing that an overall plan is the solution to success, and allows for the least amount of mistakes in the long run. His advice to upcoming entrepreneurs looking to follow in his footsteps is simply to build great products, rather than worrying about the marketing of these products. Content and quality is priority when it comes to Jed McCaleb and his businesses, which is what has made them so successful over the years.