Taler ranks #302 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #3478: 3176 of the 3477 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 3381 non-native assets CoinSpectrum lists above it by market cap, about 82% are tokens, 15% are claims on other assets and 3% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #302 |
| Rank counting claims | #3478 |
| Market capitalisation | $93,635 |
| Price | $0.00484 |
| Circulating supply | 19,787,818 TLR |
| Maximum supply | 23,333,333 TLR |
| Consensus family | Hybrid |
| Consensus mechanism | Lyra2Z PoW + PoS |
| Own hashrate | 6.15 MH/s |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. What Taler pays its miners is not yet measured. 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) | 4.5 | group average |
| Consensus: leader ladder | 4.5 | Hybrid: 4.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 4.5 | Hybrid: 4.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6.8 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 8 | 4 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 10 | fixed maximum supply of 23.3 million: supply scale 9.9, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | – | |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 8 decimal places, the smallest unit worth $4.8e-11 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $1e-8; about 74 transactions a second (4.2 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; pruned nodes validate everything |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | 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, no account linking every coin | ✓ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | No Dandelion relay; Tor/onion is an optional -onion/-proxy setting in the Bitcoin-derived node, not on by default. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent transactions: amounts are public on chain. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses: sender and receiver are public on chain. |
| Scalability (fees, throughput, block time, block space, features) | 7.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $1e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 4.2 | about 74 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (32 MB or more 10) | 10 | 4 MB limit, 40 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✓ | Bitcoin-0.17-derived node with DEFAULT_ENABLE_REPLACEMENT = false, so it relays first-seen with no replace-by-fee by default. |
| Pruned nodes: a full node can validate and drop old history | ✓ | -prune in its Bitcoin Core-derived 0.17.2.7 node (feature since 0.11, 2015). |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Taler is a PoW/PoS hybrid whose proof-of-stake blocks carry no proof of work for a header-only client to check, and no light client ships for it. |
| Security (miner pay and 7 checks) | 6 | 4 of 6 points, 3 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | – | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✓ | |
| Largest pool or validator under 50% | ✗ | 67% |
| Largest three under 75% | ✓ | 73.3% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | A small Belarusian founding team (Taler Team / cryptadev) controls the code, MIT-licensed in cryptadev/taler; the 0.19.x builds that peers run were not found in a public repository. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| 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 | Bitcoin-derived Script limited to spending conditions. |
| Multisig and time locks | ✓ | CHECKMULTISIG plus CLTV and CSV at height 32,256 in Taler mainnet parameters. |
| Atomic swaps with other chains | ✓ | HTLCs expressible with OP_SHA256/OP_HASH160 and OP_CHECKLOCKTIMEVERIFY. |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | No token or NFT type in the consensus rules. |
| Decentralisation | 7.7 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze or blacklist found. source |
| No central team (Source) | 0 | A central team directs it: A small Belarusian founding team (Taler Team / cryptadev) controls the code, MIT-licensed in cryptadev/taler; the 0.19.x builds that peers run were not found in a public repository. source |
| Who can mint (Source) | 7.1 | Hybrid: 7.1 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 8.8 | 11.8% of today's supply allocated at launch to founders, a company, a foundation or investors. Block 1 (2017-09-14) paid 2,333,333 TLR to TLys8Ljddd21EPGTTMwfHCNUGEwcUZCBJT (GetBlockSubsidy hard-codes it, 10% of the 23,333,333 cap); 2,333,333 / 19,785,955 current supply = 11.8%. 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. Current coinbases have a single miner output (0.4375 TLR at height 5,125,800) and GetBlockSubsidy has no fund share. source |
| Supply & Demand | 5 | group average |
| Supply & Demand (Source) | 0 | average of 4 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | 0 | $1 traded in 24 hours; #4276 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 0 | 0.00% of its market cap a day |
| 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 | $94K, 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) | 9.9 | fixed maximum supply of 23.3 million |
| Record | 5 | group average, 2 of 3 measured |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | — | Genesis date not yet researched |
| Development (work, improvements, unfixed issues) | 0 | 1 positive, 6 negative source |
| Positive | ||
| Steady work, 2 of 6 | ✓ | 2 commits in 1 of the last 12 months (github.com/cryptadev/taler); The public repository cryptadev/taler has one release in 24 months (0.17.2.7, 2026-03-07); peers run Taler:0.19.6.8, a version not published there. |
| Negative | ||
| 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 Taler 0.17.2.7. |
| 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 Taler 0.17.2.7. |
| 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 Taler 0.17.2.7. |
| 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 Taler 0.17.2.7. |
| 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 Taler 0.17.2.7. |
| 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 Taler 0.17.2.7. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). 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.
19,787,818 of a maximum 23,333,333 TLR are in circulation — 84.8% of the total that will ever exist.
| Premine (allocated at launch) | 11.8% 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 |
Block 1 (2017-09-14) paid 2,333,333 TLR to TLys8Ljddd21EPGTTMwfHCNUGEwcUZCBJT (GetBlockSubsidy hard-codes it, 10% of the 23,333,333 cap); 2,333,333 / 19,785,955 current supply = 11.8%.
No ICO or presale; a 10% developer premine was announced at the launch press conference.
The developers said the premine funds infrastructure, social media and exchange listings and was not fully distributed (Onliner, 2018); no figures on how much was sold.
Current coinbases have a single miner output (0.4375 TLR at height 5,125,800) and GetBlockSubsidy has no fund share.
One address mined two-thirds of sampled blocks. No BitcoinTalk ANN was found; the premine is confirmed on-chain and in code.
Sources: explorer.talercoin.org · raw.githubusercontent.com · github.com · tech.onliner.by · explorer.talercoin.org. Researched 2026-10-26, medium confidence.
Taler is secured by 6.15 MH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
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.
Taler is #302 among cryptocurrencies and #3478 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 3176 places between Taler'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).