An asset counts once

"Gold reveals its authenticity through the touchstone. Men reveal theirs through gold."

Ἐν λιθίναις ἀκόναις ὁ χρυσὸς ἐξετάζεται διδοὺς βάσανον φανεράν· ἐν δὲ χρυσῷ ἀνδρῶν ἀγαθῶν τε κακῶν τε νοῦς ἔδωκ' ἔλεγχον.

— Chilon of Sparta, 6th century BCE (Diogenes Laertius, Lives of the Eminent Philosophers 1.71)

CoinSpectrum ranks cryptocurrencies — assets with their own blockchain and their own consensus mechanism. Everything else is listed, but never mixed in.

Most aggregators answer one question: what is trading, and for how much. They rank a wrapped Bitcoin beside Bitcoin, a dollar token beside the chain that settles it, and report a total in the thousands. Nothing about that is dishonest — it is just a different question from the one this site asks.

Native blockchain assets with their own consensus mechanism are counted as cryptocurrencies. Stablecoins, wrapped assets and tokens are listed separately, never mixed with the cryptocurrency ranking.

Why the number is smaller

A wrapped Bitcoin is a claim on a Bitcoin that already exists. Counting both means counting the same coin twice — and by that logic an exchange's BTC balance would be an asset too, and so would every futures and perpetual position written against it. A dollar-pegged token is the same structure with a currency behind it instead of a coin.

So claims are not added to the total. They are listed in their own section, with their peg, their backing and their host chain, because they are worth looking at — they are just not additional assets in the world.

Two rankings, side by side

Setting the claims aside changes where everything sits. So every asset page shows both numbers: the pure rank — the position among assets that exist on their own — next to the ordinary market rank that counts dollar tokens and wrapped coins alongside them.

The gap between the two is the point. It is a measure of how much of a coin's visibility comes from the company it is listed in rather than from the network itself.

What you get instead

Who publishes it

An independent project, not an exchange, not a fund, and not a listing service. Nothing on the site is a paid placement; where a link earns a referral, it changes nothing about whether or where a venue appears.

CoinSpectrum is written by Iris Thaumas and published without a company, an office or a registered address, by choice. Bitcoin was published the same way — Satoshi Nakamoto, no company, no office, no registered address — and it became trustworthy precisely because nobody had to trust its author: anyone could read the code and check the chain. CoinSpectrum asks to be treated the same way. Every figure carries its source, the method and the grade rules are published, and the data can be downloaded through the API. Do your own research: check the numbers, cross-check them against other sources, and trust what holds up.

Signing key

CoinSpectrum's statements are signed with the Bitcoin Cash key of bitcoincash:qpguhk3fzvgh59y72d7f84tvgetal3cv8glkr8hr0w. Any signed statement can be checked against that address in an ordinary Bitcoin Cash wallet — in Electron Cash, Tools → Sign/verify message — without trusting this page or anyone behind it. The address holds no funds and needs none. The first statement:

CoinSpectrum (coin-spectrum.com) is written by Iris Thaumas. Statements published by CoinSpectrum are signed with the key of bitcoincash:qpguhk3fzvgh59y72d7f84tvgetal3cv8glkr8hr0w. 24 October 2026.

Signature: IG9XffIZCO9Efqjm6/qdSfUyAY+MSpKSJvWpaEQSDPKXYczM58occrGGYUKnsSD7uyJDEp5GAVhTVZ6URohU6dI= · signing-key.txt

A registered company is not proof of honesty. Some of the largest losses in finance and in crypto came from registered, licensed or well-funded firms:

None of this means a registered firm cannot be trusted, or that an anonymous one can. It means neither a company registration nor a name is a substitute for checking.

Where it lives

Online only, by design: there is no office and no registered address. CoinSpectrum is published on the open web and mirrored to decentralized storage, and that is where it can be found and checked.

The site answers to more than one name, and the names are not equivalent. coin-spectrum.com is the ordinary one: registered through ICANN, resolved by the DNS every browser already uses. coinspectrum.x is the same site under a name registered on the Bitcoin Cash chain rather than with a registrar — there is no renewal to forget and no registry that can be asked to take it back.

A .x name needs a resolver that knows how to read it, so a normal browser will not open it directly. It reaches the site through a gateway path instead, and natively for anyone running a name-aware resolver.

Behind both names, the pages are also mirrored to the Sia storage network every six hours, so the copy the chain-registered name points at is not a single server that can quietly stop answering. The ranking, the asset pages and these notes are all in that mirror.

The same words either way, though no longer the same bytes: the mirrored copy has its internal links rewritten, because the gateway that serves it resolves them from the site root rather than from each page's own folder. If the two ever disagree, the ICANN name is the one that updated first.

The short version

Counting claims as assets inflates every total on every aggregator. Removing them costs this site a big number and buys an honest one.

Common questions

Who runs CoinSpectrum, and why is there no company behind it?

CoinSpectrum is written by Iris Thaumas and published without a company, by choice: Bitcoin was published the same way, with no company, office or registered address, and became trustworthy because nobody had to trust its author. Every figure carries its source, the method and grade rules are published, and the data can be downloaded through the API, so it can be checked rather than trusted. A registered company is no proof of honesty either — see the list under Who publishes it.

Where do prices come from?

Directly from the public price feeds of 24 exchanges, including Binance, Coinbase, Kraken, Bybit, Gate.io, OKX, MEXC and KuCoin, refreshed every minute and medianed after outliers are dropped. Supply, classification and hashrate come from a six-hourly build that cross-checks CoinGecko, CoinMarketCap and CoinPaprika; for the few assets no tracked exchange trades, that build also supplies the price. See the market-data page for the full source list and refresh cadence.

Does CoinSpectrum accept paid listings?

Not in the cryptocurrency ranking. An asset appears there because it passes the counting rule, not because anyone paid. Other rankings the site publishes — exchanges, wallets, and similar directories — may include paid placements where they exist; any such row is labelled explicitly so the reader sees the difference. Nothing sponsored is left implicit.

How can I report an error?

Via X or Telegram. Name the row and the field; the pipeline log stamps every reading with its source so we can trace where it came from.

What separates CoinSpectrum from CoinGecko or CoinMarketCap?

One rule, applied without exception. Everything the site does — the ranking, the taxonomy, the API — follows from "one asset counts once, claims are listed as claims." That single choice is why the cryptocurrency total is 200-something instead of 10,000-something. It is also why the site can say plainly what a wrapped coin, a stablecoin, or a JPEG certificate is.