Who is the founder of Stellar Lumens?

Stellar Lumens was co-founded in 2014 by Jed McCaleb and Joyce King to solve the problems of existing cryptocurrencies and make them faster, cheaper, and more scalable payment system. As an open protocol, Stellar provides cross-border payment and asset transfer functions, including fast transactions, low transaction fees, high scalability, multi-currency support and openness.

Stellar Lumens Founder

Stellar Lumens was founded in 2014 by Jed McCaleb ) and Joyce Kim.

Jed McCaleb

Jed McCaleb is a software engineer and entrepreneur known for his interest in distributed technology and cryptocurrency famous for his contributions. He co-founded Ripple Labs with Jed McCaleb and served as chief technology officer in 2013.

Joyce King

Joyce King is an entrepreneur and investor focused on financial technology and distributed technologies. She has degrees in law and economics and served as vice president of operations at cryptocurrency exchange Coinbase.

Origin

McCaleb and King co-founded Stellar to solve what they saw as problems with existing cryptocurrencies such as Bitcoin and Ripple. They want to create a faster, cheaper and more scalable payment system.

Function of Stellar Lumens

Stellar Lumens is an open, distributed protocol designed to facilitate cross-border payments and asset transfers. Its key features include:

• Fast Transactions: Transactions can be completed in seconds.
• Low Transaction Fees: Transaction fees are extremely low, usually less than a penny.
• Scalability: The network can handle a large number of transactions, over 1,000 transactions per second.
• Multi-currency support: The Stellar network supports multiple currencies, including fiat currencies, stablecoins, and cryptocurrencies.
• Open Protocol: The Stellar Protocol is open source and anyone can build and use applications.

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