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Jed McCaleb is an American programmer and entrepreneur. He is a co-founder and the CTO of Stellar. Gox and the peer-to-peer eDonkey and Overnet networks as well as the eDonkey application. In , he purchased the domain Mtgox. After moving on from his original idea, McCaleb repurposed the site in late as a bitcoin exchange that could process bitcoin-to-dollar trades. The website grew in popularity within months. In , McCaleb began developing a digital currency in which transactions were verified by consensus among network members which became known as the Ripple protocol , which differs from the mining technique used in bitcoin.
He continued development of the Ripple protocol and XRP currency while securing investments  before McCaleb left his active role with the company in July In , he co-founded the non-profit organization the Stellar Development Foundation with Joyce Kim  to develop the Stellar open source protocol to allow cross-border monetary transactions including fiat and digital currencies.
In May , McCaleb also launched Lightyear. Lightyear facilitates Stellar becoming a global payment and currency exchange initially directed at the developing world. From Wikipedia, the free encyclopedia. This article is incomplete. Please help to improve it, or discuss the issue on the talk page.