Gox, McCaleb has been pretty much out of the spotlight. Now, as we approach the 7-year anniversary of Mt. However, what we do know is that his reputation was completely tarnished after the attack and the proceeding bankruptcy. Whether or not McCaleb had anything to do with Mt. This was due to a hack that happened on Mt. Gox fell victim to a Bitcoin hack (the second biggest hack of all time) where the attackers made off with 460 million dollars’ worth of Bitcoin back in 2014!Īccording to a New York Observer article from 2015, Jed McCaleb’s name being associated with Ripple nearly closed Ripple’s operating business account at Wells Fargo. In 2014, Jed McCaleb was still working at Ripple Labs, and it had been 7 years since he founded the website Mt. McCaleb has been one of the earliest, leading inventors in the blockchain community and is only getting stronger by the year. The ICOs and the technical features behind Stellar are exciting, however, what is even more exciting is the expertise of Steller founder, Jed McCaleb. The founder of Mobius pointed to Stellar’s scalability compared to that of Ethereum’s. This ICO along with many others on Stellar’s platform could be exciting for fellow Lumenauts (the name given to Stellar fans)!Įarlier this year, the 39 Million-dollar ICO “Mobius” chose Stellar over Ethereum in a surprising move, reported by Coindesk. Using Irene, you can decide what source you get your energy from, such as solar panels, generators, and even your neighbor!
One of the biggest ICOs on Stellar’s exchange is Irene Energy, which can be thought of almost as a Tinder for energy sources. Stellar also has a striking ICO platform which up-and-coming cryptocurrencies are using to launch new projects. If you would like a more in-depth tutorial on w hat is Stellar then click here! Stellar’s ICO Platform If you were to send that person payment in Lumens, it would be much quicker and cheaper than other current payment services (such as Western Union). Imagine that you live in an isolated location like Micronesia and you want to send money to someone living in South East Asia. Stellar is particularly revolutionizing cross-border payments. It is often associated with Ripple, however, Ripple targets banks like Santander and HSBC, while Stellar is generally more concerned with providing banking services for individuals. You can send XLM in 3-5 seconds at the cost of less than a penny. However, it is faster, more scalable, and cheaper. You can think of Stellar as Bitcoin’s annoying younger brother.
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