XLM, also known as Stellar, was created by Jed McCaleb. He is an American programmer, entrepreneur, and philanthropist who played a key role in the development of several successful companies in the blockchain and cryptocurrency space. McCaleb co-founded Ripple and was the founder of Mt. Gox, which was once the world's largest bitcoin exchange.12 In 2014, he launched the Stellar network system with Joyce Kim, a former lawyer.13 The Stellar network is a decentralized payment network that aims to provide fast and low-cost transactions.