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Jed McCaleb has been working in the blockchain sector for many years and has already been a part of some of the largest projects, to-date. Today, he is working on Stellar, which is a company that is making cross-border remittances and payments much more affordable. It was during 2010 that he discovered Bitcoin through a whitepaper he read, and he immediately became fascinated by it. After learning more, he went out and began to put together the first centralized exchange for Bitcoin trading, which is now known as Mt. Gox. While other exchanges existed, none of them were as efficient and affordable as Mt. Gox. He eventually sold the company to Mark Karpeles before it was hacked in 2014, and began to focus on other blockchain technology possibilities.

According to Jed McCaleb, he soon reflected on the fact that the mining process involved with Bitcoin was a waste, and he thought that there had to be a more efficient way of figuring the issue out. He began to work on Ripple, and while doing this, he realized there were so many ways that blockchain technology could be used. This is when he founded the Stellar Development Foundation, which was the beginning of the Stellar protocol. The idea was to connect any kind of financial institution and payment network together so that money could be sent from one place to another just like email is. The project would be an open sourced one that would increase security and allow innovation.

Jed McCaleb knew that Stellar would have to be different, and he put the federated Byzantine agreement in place, which makes it so that every node on the network can select other nodes that it trusts. This helps to create a network of consensus that is built something like a web. Malicious nodes are ignored, and this means that Stellar does not require a millions of validators in order to be a success. Instead, a few thousand might do it, and he believes that this can revolutionize the industry. Jed McCaleb is now looking to help people who cannot get bank accounts due to their economic situation to be able to have a bank account, and Stellar is his vehicle to get there. Get in touch with Jed McCaleb on LinkedIn.

Post taken from: https://globalcoinreport.com/stellar-lumens-technology-will-lead-to-new-global-payment-systems-jed-mccaleb/

Should Young Adults Invest In Their Future?

The answer is yes, but many young adults do not consider investing until they are more financially stable. Even though those in their twenties are earning a low income and have student loan debts, they are actually in a good position to begin investing for their future.

 

Is Time On The Side Of The Youth?

Compounding interest, growing their investments, they can reinvest that money to continue to build their financial portfolio. Time is on the side of young adults in their twenties. Even though they may be on a tight budget, they should consider investing now for their future says Chris.

A young adult who is 20 years old, investing $10,000 at 5% interest, would increase over the years due to compounding interest. By the time they reach age 60, their investment would increase to over $70,000. An investment of $10,000 made by a 30-year-old would see an increase of approximately $43,000 when they reach the age of 60. Those who invest ($10,000) at age 40 would only see an increase of $26,000. It is safe to say that the earlier you start to invest, the more your financial portfolio will increase, giving you more money in your golden years says Chris.

 

Who Is Chris Linkas And Why Should You Take His Advice?

In April 2013, to the present, Chris Linkas has been working in the financial business and has become an expert. Chris specializes in real estate investments, such as secondary LP interest loans that are not performing, corporate loans, leases, commercial real estate, shipping, and renewable. The European Head of Credit is Chris Linkas since November 2012. This company is located in London, and he is in charge of 20-person European Credit Group. His responsibilities include conciliatory main investments in the UK-Euro regions. This includes Ireland, Benelux, United Kingdom, Switzerland, France, Italy, Spain, Scandinavia, and Greece (http://observer.com/2011/05/the-power-100-2/).

Chris Linkas with his vast knowledge and experience in the financial sector is someone, anyone who consider investing, including those in their twenties, should listen to his advice. Chris Linkas believes that those who enter the financial field should have the knowledge needed to become successful.