Moving the Chain Spotlight #45: Jed McCaleb

2 min read


San Fransico-based programmer and entrepreneur Jed McCaleb has one of the most impressive resumes in the blockchain community. In fact, he’s been involved with so many high-profile projects; it’s hard to say what he’s best known for.

In 2010, he started the bitcoin exchange Mt. Gox, which at one point in time was handling over 70% of all bitcoin transactions.

To add to his crypto cred, McCaleb also founded and served as the Chief Technology Officer (CTO) for Ripple – the company behind the Ripple (XRP) altcoin. At press time, XRP is third most valuable cryptocurrency by market capitalization.

He would part ways with Ripple in 2013 and go on to start another company responsible for developing a top ten digital token – Stellar (XLM). These days, the accomplished programmer currently serves as Stellar’s Chief Technolgy Officer. XLM currently holds the number 7 spot on the list of top cryptocurrencies and has also caught the eye of companies like IBM.

Jed McCaleb is a blockchain pioneer who has been a major part of some of the most significant projects in the space.


“Stellar is an open protocol for payments. If there’s a digital dollar, there needs to be a real one somewhere. That’s what Stellar does. We have a Stellar consensus protocol. BTC uses proof of work. It’s an extremely expensive process. We have a way more efficient system. Not everybody has to agree on who you trust on the network.

The creators of the internet didn’t predict Wikipedia or Airbnb. And that’s what we are. We’re a platform that allows a lot of creativity and enormous opportunities.”

Fun Fact

Jed McCaleb is a big fan of artificial intelligence (AI). He has made substantial donations to the Machine Intelligence Research Institute (MIRI) and OpenAI – organizations focused on developing friendly artificial intelligence.

Moving the Chain is an ongoing series from Blockchain WTF that shines a spotlight on folks who are making an impact in the world of blockchain technology and cryptocurrency