Jed McCaleb’s Sight On Cryptocurrencies

Have you heard of the term cryptocurrency? Many people today are still oblivious to the digital currency that has been massively exploding over the years. Cryptocurrency is believed to be the new money of the future and it is going to change our financial transactions and the way we utilize our finances. Cryptocurrency, otherwise known as crypto, has become the new global phenomenon. Satoshi Nakamoto is the unknown creator or the first cryptocurrency every created, which is Bitcoin. The intention of the Bitcoin was for digital cash system to be created, for example, a peer-to-peer electronic cash system of some kind. Jed McCaleb has been one of the cryptocurrency developers for quite some time and predicts that crypto will be the new form of currency all over the world.

McCaleb has had experience with some of the largest cryptocurrencies around the world. He is currently the chief technology officer at Stellar cryptocurrency. The project behind this coin is focused on creating a crypto network for cross-border payments. He has also been sharing his opinions and perceptions on the future of cryptocurrency with CNBC.com and strongly believes that cryptocurrency will evolve to be our new form of financial transactions all over the world. Currently, the developer and chief technology officer has been currently working closely to perfecting the currency. This currency stated that their network is able to settle transactions rapidly, to be specific, about five second or less. This is an advantage because people will be able to rapidly exchange their currencies of the United States dollar and also euro currency as well.

There has been a significant growth in token sales over the years. There has been approximately $9 billion dollars of coin offers within the past four years based on research that was conducted from Autonomous Next. The advantage of the increase in coin sales is definitely profitable for the cryptocurrency and is expected to continue to grow and develop. Moreover, Jed McCaleb predicts that cryptocurrency is going to transform the way we conduct our financial transactions all over the world. He even expects, big banks, stocks and traditional financial markets to soon convert into cryptocurrency. Stellar coins have been significantly rising over the years and has become one of the largest cryptocurrency in the market.

Helpful source: https://www.crunchbase.com/person/jed-mccaleb

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