Blockchain technology will change everything, says Jed McCaleb, who is a well known investor and deal breaker in the cryptocurrency industry. It will change the way our banking systems work. It will have a huge impact on the economy as a whole.
Jed McCaleb has run a number of successful ventures in the cryptocurrency industry. For example, there is the highly popular St. Gox exchange. This allows people to trade and invest in cryptocurrencies easily. However, he is now working on a new project, which is called Stellar. This new project will allow people to make cross-border cryptocurrency payments easily. It is going to create a revolution in the cryptocurrency industry. Jed McCaleb was also an early investor in Bitcoin, which is now at a good price.
Jed McCaleb says that in the future, there will be a global and universal payment network that will operate even dollars and euros. It will allow people to choose what other people can see with regards to their payments and transactions.
IBM is already using Stellar. They are using it to allow cross border exchanges with big banks. The reality is that Bitcoin’s regular network has a long transaction processing time. Stellar is going to be able to do it in just five seconds, which will solve a lot of the problems with Bitcoin’s transaction system. Stellar will also allow people to exchange regular money, such as dollars and euros, with cryptocurrencies, which is something that a lot of people want to do.
There is also something known as Initial Coin Offerings. According to Jed McCaleb, the fact that there are so many Initial Coin Offerings show that the market for cryptocurrencies is far from having reached its full potential. It is still exploding and there is a lot more that can be done. This is a new model of fundraising. It shows that a lot more will come in the future to the cryptocurrency industry. It does attract more regulators, though, because of the influx of funds. Jed McCaleb believes that ICOs are a good sign.