Taler (TLR)
Taler ranks #295 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #4093: 3798 of the 4092 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 3353 non-native assets CoinSpectrum lists above it by market cap, about 62% are tokens, 34% are claims on other assets, 3% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #295 |
| Rank counting claims | #4093 |
| Market capitalisation | $92,000 · a day's trading is 0.002% of it: a quoted figure, not one holders could sell into |
| Price | $0.00475 |
| Circulating supply | 19,796,977 TLR |
| Maximum supply | 23,333,333 TLR |
| Consensus family | Hybrid |
| Consensus mechanism | Lyra2Z PoW + PoS |
| Own hashrate | 2.37 MH/s |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
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.
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 4.5 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 4.5 | Hybrid: 4.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 4.5 | Hybrid: 4.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 10 | fixed maximum supply of 23.3 million |
| Distribution | 9.6 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | 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 (share sold) (Source) | 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 |
| Decentralisation | 6 | average of 3 parts |
| Governance (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) | 8 | Open, with a stake vote: anyone can mine, and stakeholders vote on the blocks |
| Nodes (Source) | – | Not yet counted |
| Security | 6.2 | 3.1 of 5 points, 3 not yet measured source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 2.1 | largest 67%, largest three 73.3% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | – | |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | – | its power not yet measured: no reference machine and no miner pay |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Mar 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 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; 121, 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 (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 4 MB limit, 40 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Bitcoin-0.17-derived node with DEFAULT_ENABLE_REPLACEMENT = false, so it relays first-seen with no replace-by-fee by default. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | -prune in its Bitcoin Core-derived 0.17.2.7 node (feature since 0.11, 2015). |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | 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. |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 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 (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | Transparent transactions: amounts are public on chain. |
| Hidden parties (Sender and receiver hidden) | 0 | Transparent addresses: sender and receiver are public on chain. |
| Network privacy (Origin hidden by default) | 0 | No Dandelion relay; Tor/onion is an optional -onion/-proxy setting in the Bitcoin-derived node, not on by default. |
| Programmability | 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 (Without a third party) | ✓ | 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. |
| Native DEX (Trades the coin itself, not a claim) | ✗ | No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol-level cross-chain messaging. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type in the consensus rules. |
| Demand | 0.2 | average of 5 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | 0 | $2 traded in 24 hours; #4309 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 0 | 0.00% of its market cap a day |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $92K, 0 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 5 | average of 3 criteria |
| Age (years since genesis) (Source) | — | Genesis date not yet researched |
| Development (work, fixes, vulnerabilities) | 0 | 1 positive, 5 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. bitcoincore.org raw.githubusercontent.com |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198 (memory half only): misbehaving peers are auto-banned into a ban list with no size limit, so an attacker cycling through many (IPv6) addresses can grow it until memory runs out; still in Taler 0.17.2.7, which lacks the getaddr ban-list scan that made it a CPU DoS in Bitcoin Core 0.18-0.20.0. bitcoincore.org raw.githubusercontent.com |
| 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. bitcoincore.org raw.githubusercontent.com |
| 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. bitcoincore.org raw.githubusercontent.com raw.githubusercontent.com |
| 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. bitcoincore.org raw.githubusercontent.com |
| Conduct (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 | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts 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.
Hybrid coins
Conflux CFXA
Decred DCRA
Zano ZANOB
Cypherium CPH
Deutsche eMark DEM
Novacoin NVC
PRivaCY Coin PRCYAll Hybrid chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
19,796,977 of a maximum 23,333,333 TLR are in circulation — 84.8% of the total that will ever exist.
Launch and allocation
| 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.
The work behind it
Taler is secured by 2.37 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.
What a regulator has said
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.
How CoinSpectrum ranks Taler
Taler is #295 among cryptocurrencies and #4093 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 3798 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).