Ripple, Stellar Co-Founder: Bitcoin Crash Isn’t A Bear Market, Crypto Still “Way Up”

Although you may not have heard of him, Jed McCaleb is a legend in the budding crypto industry. He forayed into cryptocurrencies when there was essentially only Bitcoin (BTC), launching the first iteration of Mt. Gox in 2007 (he converted into a BTC platform in late 2010). After leaving Mt. Gox, which collapsed just years later under the leadership of French national Mark Karpeles, Caleb began work on the Ripple protocol. The developer’s venture spawned XRP into existence, leading him to subsequently on-board David Scharwtz and Chris Larsen, who now act as prominent executives at the San Francisco-headquartered Ripple.

Following his stint at the financial technology startup, which has outperformed its peers in 2018, the crypto-centric entrepreneur left to co-found the Stellar Development Foundation (SDF). The SDF evidently is behind the organization Lumens (XLM). Since founding the Stellar protocol parent in 2014, McCaleb has committed a majority of his time developing the Stellar ecosystem, as XLM continues to top the cryptocurrency leaderboards day-in and day-out.

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