Stellar (XLM) Gains Popularity as Co-Founder is Placed in Top Ten of Blockchain Industry Individuals
The seventh most recognized cryptocurrency in the world has reached the stars with the co-founder of the company being placed in the top ten most influential individuals in the entire blockchain industry.
The announcement was made by a tweet done by the Cryptocurrency earlier today.
“Jed McCaleb, Stellar co-founder named as one of ten most influential individuals in blockchain revolution,” the tweet states.
While blockchain is easily one of the most important technological breakthroughs in the world today. Anyone who is actively involved in the technology industry and improved on blockchain tech, have become crucial figures in the world of innovations.
Jed McCaleb, co-founder of Stellar, has become one of the top ten most influential individuals in the blockchain industry as of today. The New York Times and The Post both tagged him in a feature called “The People Leading the Blockchain Revolution” featured other important people in the industry like Ethereum’s Founder Vitalik Buterin, Elizabeth Stark who is the chief executive of Lightning Labs as well as Jihan Wu, alongside others in the industry.
Placing more of a focus on the importance of McCaleb’s achievement, many have opined the development would have definitely given the altcoin more popularity in the world of cryptocurrency.
If you ask the Post, McCale was placed on the top ten list because of the proficiency of three companies he had been involved with actively in the last decade or so.
If you think back on it, McCaleb was also the founder of Ripple, only leaving the company after a significant time to build Stellar. Prior to Ripple, McCaleb played a major role in the creation of Mt. Gox, while at the moment, he is a fundamental cofounder of Stellar.
Mt. Gox, based in Shibuya, Tokyo, Japan was once rated as the largest cryptocurrency exchange in the world back in 2014 for competing more than 70% of all BTC transactions that occurred around the world.
The exchange was launched was back in 203, Mt. Gox played a major role in the massive theft that saw more than $450 million of customer’s coins being stolen by various employees of the exchange.
Not only that, but Ripple has a major cryptocurrency role in the blockchain industry, most importantly in the remittance of funds. The powerful altcoin has the ability to perform cross border remittance because the state of the art tools found on the system.
Ripple is one of the most proficient tokens in international transaction settlements, who have been able to confirm nearly unlimited collaborations with some of the most respected financial institutions in the world.
As for Stellar in the marketplace, they have been somewhat bearish for a period of time, while many of the other cryptocurrencies losing their value outright. As of today, Stellar tokens are priced at $0.2026, meaning the company has lost 88% of its value in the last 24 hours. On the contrary, in the last week, Stellar has added 4.75% of their value to the market.