Garlicoin ranks #248 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #2088: 1840 of the 2087 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 2338 non-native assets CoinSpectrum lists above it by market cap, about 78% are tokens, 17% are claims on other assets and 4% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #248 |
| Rank counting claims | #2088 |
| Market capitalisation | $775,837 |
| Price | $0.0113 |
| Circulating supply | 68,915,290 GRLC |
| Maximum supply | 69,000,000 GRLC |
| Consensus family | Proof of Work |
| Consensus mechanism | Allium |
| Own hashrate | — |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | No premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Fewer than six of Garlicoin's nine network-security points are measured yet. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 9.1 | group average, 9 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 10 | 6 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 9.7 | fixed maximum supply of 69 million: supply scale 9.3, cap 10 |
| Durability (Sustainability · 1 Store of value) | ✓ | 8 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✓ | typical fee $9.5e-7; about 177 transactions a second, 5.7 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 8 decimal places, the smallest unit worth $1.1e-10 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; light clients verify from headers or proofs |
| Scalability (fees, throughput, block time, block space, features) | 7.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $9.5e-7 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 5.7 | about 177 simple transactions a second |
| Block time (10 minutes 10, less either side) | 5.8 | a block every 40 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 4 MB limit, 60 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | 40-second probabilistic blocks on a Litecoin/Bitcoin Core 0.16-era base that relays BIP125 opt-in replace-by-fee, with no double-spend proofs or instant locks. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Garlicoin Core 0.18.0 keeps Bitcoin Core's -prune. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-style SPV: block headers plus Merkle-branch proofs (BIP37 merkleblock) served by full nodes. |
| Security (miner pay and 7 checks) | — | 2 of 3 points, 6 not yet measured source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | – | |
| Own hashrate (Half its algorithm's largest, not merge-mined) | – | |
| Largest pool (Pool or validator under 50%) | – | |
| Largest three (Under 75% together) | – | |
| Clients (More than one maintained) | ✗ | 0 |
| Open source (Node software) | ✓ | Volunteer community developers maintain Garlicoin Core in the GarlicoinOrg GitHub organisation under the MIT licence; no company controls it. |
| Real use (1,000+ transactions a day) | – | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 10 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze or claw back coins; the 15-block rolling checkpoint added in 0.18.0 is an automatic node rule, not a controlling key. source |
| No central team (Source) | 10 | No central team: Volunteer community developers maintain Garlicoin Core in the GarlicoinOrg GitHub organisation under the MIT licence; no company controls it. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. No allocation in the code: GetBlockSubsidy pays 50 GRLC from block 1 (halving every 690,000 blocks) with no special early-block reward, and the 50 GRLC genesis output is unspendable; the coin launched publicly on 21 January 2018 from a Reddit joke post. No instamine is documented. source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut: the whole block subsidy goes to the miner (Litecoin-style GetBlockSubsidy with no development fund output). source |
| Privacy | 4 | section average |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✓ | |
| Network privacy (Origin hidden by default) | ✗ | Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion. |
| Hidden amounts (Amounts confidential) | ✗ | Transparent UTXO amounts; no confidential-transaction or shielded feature. |
| Hidden parties (Sender and receiver hidden) | ✗ | Transparent addresses; no ring signatures, ZK proofs or stealth addresses. |
| Programmability (tokens, contracts, 5 checks) | 3.3 | 3 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts (Scripting for spending conditions) | 1 | Litecoin-codebase Script with spending conditions only. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG, OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY in its script interpreter. |
| Atomic swaps (With other chains) | ✓ | Script can express HTLCs (hash check plus CLTV/CSV refund). |
| Native exchange (Built into the protocol) | ✗ | No exchange in the protocol. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature in the protocol. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type in the protocol. |
| Supply & Demand | 4.7 | group average |
| Supply & Demand (Source) | 0 | average of 2 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | – | no volume reported |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $776K, 0 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 9.3 | fixed maximum supply of 69 million |
| Record | 5.7 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Negative record | ||
| Launched as a joke, its founders saying it has no purpose | ✗ | The genesis block's timestamp text is the founding Reddit post: 'If this post gets 30000 upvotes I will make a garlic bread cryptocurrency called garlicoin' (chainparams.cpp); the coin began as a joke from r/garlicbread. |
| Age (years since genesis) (Source) | 8 | 8 full years since 2018-02-02, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 0 | 0 positive, 7 negative source |
| Negative | ||
| Steady work, 0 of 6 | ✗ | 0 commits in 0 of the last 12 months (github.com/GarlicoinOrg/Garlicoin); Last release Garlicoin Core 0.18.0 ('Rolling checkpointing'), 2022-09-01; last commit 2022-09-10. No release in the last 24 months. |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in Garlicoin v0.18.0. |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Garlicoin v0.18.0. |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node, with no addr rate limit; still in Garlicoin v0.18.0. |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Garlicoin v0.18.0. |
| Unfixed vulnerability, disclosed 2024-10-08, −1 | ✗ | CVE-2024-35202: a crafted blocktxn message trips the assert in compact-block reconstruction and crashes the node; still in Garlicoin v0.18.0. |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Garlicoin v0.18.0. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
68,915,290 of a maximum 69,000,000 GRLC are in circulation — effectively all of them.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
No allocation in the code: GetBlockSubsidy pays 50 GRLC from block 1 (halving every 690,000 blocks) with no special early-block reward, and the 50 GRLC genesis output is unspendable; the coin launched publicly on 21 January 2018 from a Reddit joke post. No instamine is documented.
No ICO, presale or private round; mined openly from launch.
No sale of any kind is documented.
No cut: the whole block subsidy goes to the miner (Litecoin-style GetBlockSubsidy with no development fund output).
The 0.18.0 release (September 2022) was a mandatory upgrade adding a rule against reorganisations deeper than 15 blocks 'to reduce impacts of 51% attacks on the network'; no specific attack was found documented. Clients is 0 because the only implementation has had no release in 24 months.
Sources: github.com · github.com · github.com · knowyourmeme.com · garlicoin.io. Researched 2026-10-26, medium confidence.
No source we can reach publishes a hashrate for Garlicoin.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Garlicoin is #248 among cryptocurrencies and #2088 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 1840 places between Garlicoin's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).