Jed McCaleb Reveals Stellar, His Previously Secret Bitcoin Project
Remember Jed McCaleb's Secret Bitcoin Project we wrote about in early February? We're finally getting some more information about it via a Wall Street Journal report. Before we get in to it, you should probably know who Jed McCaleb is by now. If not, he's the original founder of Mt. Gox (which he subsequently sold to Mark Karpeles in 2011) and Ripple. McCaleb's project - which isn't quite so secret anymore - is called Stellar, located at Stellar.org. Stellar is more of a protocol than anything else, allowing consumers to easily send money in different currencies. Description from the....
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Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched. McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs. The new platform is a decentralized gateway for digital currency to fiat currency transfers, The Wall Street Journal reports. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called 'stellar'. McCaleb's announcement follows months of rumors about....
Jed McCaleb, the founder of MT Gox, Ripple and e-Donkey, has finally revealed his much anticipated Secret Bitcoin Project. Stellar, a new payment protocol and currency, aims to bridge the gap between cryptocurrencies and fiat by allowing easy and instant exchanges between currencies. The payment protocol, much like Ripple, is based on gateways, which act as banks, holding their user's currency in return for an IOU. An IOU, of say Bitcoin, can then easily be exchanged for an IOU of say USD, via Stellar's inbuilt decentralized exchange and without the gateway taking part. The holder of the....
Although it has yet to overtake Ripple, Jed McCaleb's Stellar has performed respectably in its first several months. The payment gateway's native currency has consistently remained in the top-twenty on the market cap charts. However, the stellar price has not been living up to its name over the past couple weeks. Also read: Stellar Price Rises Despite Bitcion Price Drop. Stellar Price Reaches Three-Week Low. On October 9, the stellar price fell to 662 satoshis, which marked a three-week low for Ripple co-founder Jed McCaleb's latest altcoin project. As recently as September 29, the stellar....
Here's something you might not know. Mt. Gox was founded by Jed McCaleb as an exchange for the Magic: The Gathering card game (hence the name Magic: The Gathering Online Exchange). By the time it was sold to Mark Kerpeles in 2011, it had already transformed into a bitcoin exchange - going on to eventually handle 70% of trading transactions worldwide. Today, the exchange is facing their share of problems, but McCaleb's carrying on - and today, he's announced a brand new project. We can't tell you about it because we don't know what it is, because it's top secret. Really. McCaleb has....
Stellar co-founder Jed McCaleb hit a roadblock in his mission to serve the global underbanked when earlier this month his co-founder resigned, leaving him with her responsibilities, including more frequently engaging with the public. For a computer programmer whose career since has been largely under scrutiny since he founded defunct bitcoin exchange Mt Gox, the idea of taking on a more public role at Stellar was intimidating. But, he says it was a necessary step for the startup. After years of building a payments rail system designed to make it cheaper to offer banking services to....