Why Jed McCaleb Believes Stellar is the Future

Jed McCaleb is without a doubt one of the revolutionary minds of today. Having founded Mt. Gox and then later founding Stellar, he is an innovative thinker. Stellar uses lumens technology, a technology that makes it possible for everything to be managed on the blockchain. The way this technology is moving, it appears that all equity will be tokenized on the blockchain by 2028. Stellar currently has their own token as well, the Stellar (XLM), and has been popular since its inception. What’s the key to making Stellar bigger and better than any other platform?

Just like Ripple, Stellar was designed to aid in handling international transactions and acting as a platform for multiple transactions using blockchain technology. Ultimately, the development of a universal payment network would be the one thing that investors in cryptocurrency want to see. Additionally, they recently adopted the lightning technology which is now quickly becoming a priority across blockchains. There’s much to be determined about Stellar and how it can best be used, but Jed McCaleb is being pushed by partners to determine how much of this can be scaled. Is it possible?

If you read more about the technology outside of Stellar you’ll think so. It would seem that although ethereum was once one of the greatest tools in the industry, along with the token, that nothing could compare. However, as with all technology, there were some clear growing pains with ethereum. Now, Stellar is the standard by which platforms for cryptocurrency are being measured. IBM, one of the largest tech companies in history is looking at Stellar favorably and Jed McCaleb knows it. They are looking at how banks want to utilize the technology in the banking industry. This is good news especially as it would help banks offer their customers more if they can work with transactions on an international level.

This is why Jed McCaleb wants to have everything in place ahead of time. He wants to make sure that everyone can use this platform as much as they want, whenever they want.

Jed McCaleb | LinkedIn

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