{"id":"jack-liao","version":1,"language":"en","title":"Jack Liao","hidden":false,"content":"**Jack Liao** is a Shenzhen-based, Chinese software engineer known as the founder of [Bitcoin Gold](https://iq.wiki/wiki/bitcoin-gold). [\\[1\\]](#cite-id-h99eazl4onk)  \n$$widget0 [YOUTUBE@VID](ZS50i85WfeY)$$  \n  \n# Career  \n  \n## Bitcoin Gold  \n  \nJack Liao forked Bitcoin Core at block 491,407 to launch [Bitcoin Gold](https://iq.wiki/wiki/bitcoin-gold) in September 2017. The aim was to create an ASIC-resistant version of [Bitcoin](https://iq.wiki/wiki/bitcoin) to decentralize the network, addressing the concentration of mining power. The concept behind Bitcoin Gold was \"one CPU one vote,\" reflecting [Satoshi Nakamoto’s](https://iq.wiki/wiki/satoshi-nakamoto) original vision where every node could [mine](https://iq.wiki/wiki/mining) coins. [\\[2\\]](#cite-id-c52vk8mlzwm)  \n  \nDuring the 2017 debates on Bitcoin forks, Liao engaged in discussions with figures like [Craig Wright](https://iq.wiki/wiki/craig-wright) and Jihan Wu. Since 2018, Liao has remained low profile, while the Bitcoin Gold community continues developing BTG. [\\[2\\]](#cite-id-c52vk8mlzwm)  \n  \nIn May 2018, Bitcoin Gold experienced a [51% hashing attack](https://iq.wiki/wiki/51percent-attack) by an unknown actor, allowing manipulation of the [blockchain](https://iq.wiki/wiki/blockchain) ledger and double-spending of digital coins. During this attack, approximately 388,000 BTG (worth around US$18 million) was stolen from several cryptocurrency [exchanges](https://iq.wiki/wiki/decentralized-exchange). Subsequently, Bitcoin Gold was delisted from Bittrex after the team declined to contribute to damages. [\\[3\\]](#cite-id-301lw7ct1x4)  \n  \n## Lightning ASIC  \n  \nJack Liao is also the founder and CEO of Lightning ASIC, a computer mining firm based in Hong Kong and founded in September 2013. Lightning ASIC focuses on [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and invests in ASICs (Application-Specific Integrated Circuits), mining, transaction systems, etc. [\\[1\\]](#cite-id-h99eazl4onk)","summary":"Jack Liao is a Chinese software engineer and Bitcoin Gold founder, aiming to decentralize mining by creating an ASIC-resistant version of Bitcoin.","categories":[{"id":"people","title":"People in crypto"}],"promoted":0,"tags":[{"id":"Founders"}],"metadata":[{"id":"references","value":"[{\"id\":\"h99eazl4onk\",\"url\":\"https://www.linkedin.com/in/satoshiii/?originalSubdomain=cn\",\"description\":\"linkedin profile\",\"timestamp\":1722002159080},{\"id\":\"c52vk8mlzwm\",\"url\":\"https://crypto.bi/jack-liao/\",\"description\":\"crypto bi- jack liao\",\"timestamp\":1722003149848},{\"id\":\"301lw7ct1x4\",\"url\":\"https://www.zdnet.com/article/bitcoin-gold-delisted-from-major-cryptocurrency-exchange-after-refusing-to-pay-hack-damages/\",\"description\":\"Bitcoin Gold delisted from major cryptocurrency exchange\",\"timestamp\":1722003501806}]"},{"id":"website","value":"https://bitcoingold.org/"},{"id":"linkedin_profile","value":"https://www.linkedin.com/in/satoshiii/"},{"id":"previous_cid","value":"QmefwF8asQbSsqVFSTXXv4cLChNegv5ggd3pN1e33agYen"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb","profile":{"username":"zainab","avatar":"QmZzhTxNPnCKWpsPJtS1YeZUiZ5vFSNHCeStpigLs2pRNt"}},"media":[{"name":"ZS50i85WfeY","id":"https://www.youtube.com/watch?v=ZS50i85WfeY","size":"0","type":null,"source":"YOUTUBE"}],"views":4,"events":[],"linkedWikis":{"founders":[],"blockchains":[]},"ipfs":"QmdGu276mN7UDRPP2qQ39AqXQHAfzMnvtLLkwGgTsNrV9M","transactionHash":"0x23a4d4abcbe2993deb2f55cfeba794a4943fbb265369a09ebe8019855803c869","created":"2024-07-26T15:42:40.356Z","updated":"2024-07-26T15:42:40.356Z","images":[{"id":"QmXLhFbxBtvXiZ68NnDd2CVjCA2dT9tDTWrhg83DZmodLv","type":"image/jpeg, image/png"}]}