Who owns Stellar Lumens?

In addition to founding Stellar, McCaleb also co-founded Ripple, another significant blockchain project. His extensive experience and expertise in the field made him a key player in the development and promotion of Stellar.

Critics of the Stellar blockchain argue that it is overly centralized. They point to the Stellar Development Foundation, which plays a significant role in the project's governance and development. This centralization is a source of concern for some in the decentralized cryptocurrency community.

The Stellar Development Foundation controls a large share of the lumens tokens, the native cryptocurrency of the Stellar blockchain. This control raises questions about the project's commitment to decentralization and its potential for manipulation.

Jed McCaleb, a prominent figure in the cryptocurrency world, launched the Stellar blockchain in 2014. Prior to this, he had founded Mt. Gox, one of the earliest and most significant cryptocurrency exchanges. His involvement in Stellar added credibility to the project from its inception.

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