ProtoLedger Terminal
Interactive blockchain ranking by Monetary Fitness (M) and System Soundness (S)
UNCALIBRATED — awaiting v4 re-assessment
Layer C filters (show only assets matching a disclosure)
privacy_posture — Privacy Posture
identity_model — Identity Model
issuance_ethic — Issuance Ethic
consensus_cost — Consensus Cost
governance_model — Governance Model
autonomy_accountability — Autonomy Accountability
jurisdictional_posture — Jurisdictional Posture
catastrophic_failure_modes — Catastrophic Failure Modes
Property weights (0 = exclude · 5 = highest weight)
Layer A — Monetary Fitness
Layer B — System Soundness
| Chain | M/10 | S/10 | A1 | A2 | A3 | A4 | A5 | A6 | A7 | B1 | B2 | B3 | B4 | B5 | B6 | B7 | B8 | B9 | B10 | Flags |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XRP XRP | 6.7 | 6.6 |
8 |
4 |
5 |
8 |
8 |
6 |
8 |
7 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
6 |
7 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
8 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Pre-allocated + escrow
consensus_cost: RPCA (federated)
governance_model: Institutional (Ripple-influenced)
autonomy_accountability: Accountability-leaning
jurisdictional_posture: Administered by Ripple (escrow and distribution), per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Validator UNL concentration: the recommended list is curated, so liveness and censorship-resistance depend on who curates it. Gateway IOUs on the ledger are freezable by their issuers. Quantum key recovery (B6 = 4).
|
| Stellar XLM | 6.7 | 6.0 |
6 |
6 |
6Usability & Safety 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
8 |
6Recognizability 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
8 |
6 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
4 |
7 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
5 |
9Resource Proportionality 9/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
A1<7
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Pre-allocated (fixed)
consensus_cost: SCP (federated)
governance_model: Institutional (SDF)
autonomy_accountability: Accountability-leaning
jurisdictional_posture: Administered by the Stellar Development Foundation, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Quorum-slice misconfiguration or validator collusion halting the network — a federated set is a small set. Assets ISSUED on Stellar can be frozen by their own issuers, a failure mode the native lumen does not carry but most Stellar balances do. Quantum key recovery (B6 = 4).
|
| BNB BNB | 6.6 | 5.8 |
8 |
6 |
6 |
7 |
5 |
7Recognizability 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
7 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
5 |
6 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
5 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Rule-bound + burns
consensus_cost: PoS (BNB Chain)
governance_model: Institutional (Binance)
autonomy_accountability: Accountability-leaning
jurisdictional_posture: Administered by Binance, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Validator set is small and operator-concentrated, permitting coordinated halt or censorship — there is chain-halt precedent following a bridge exploit. Cross-chain bridge compromise. Quantum key recovery (B6 = 4).
|
| Cardano ADA | 5.9 | 6.9 |
7 |
6 |
5 |
5 |
5Fungibility 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7Recognizability 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
7 |
7Settlement Assurance 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
7 |
7 |
5Forward Security Margin 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
8 |
9Resource Proportionality 9/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Rule-bound (fixed cap)
consensus_cost: PoS (Ouroboros)
governance_model: On-chain vote
autonomy_accountability: Moderate autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss. Stake-pool concentration allowing coordinated censorship or reorganisation. Ledger-rule bug in a hard-fork combinator event. Quantum key recovery (B6 = 5, joint highest in the index and still low).
|
| Ethereum ETH | 5.9 | 6.6 |
9 |
5 |
4 |
5 |
4 |
7 |
7 |
8 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
4 |
8 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
7 |
9Resource Proportionality 9/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Rule-bound elastic
consensus_cost: Proof-of-Stake
governance_model: Off-chain / foundation
autonomy_accountability: Moderate autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss. Consensus-client monoculture bug causing finality failure or a chain split. Correlated mass slashing of the validator set. Quantum key recovery (B6 = 4). Holders of tokens ON Ethereum additionally inherit every failure mode of those tokens' issuers.
|
| Tether USDT | 5.9 | 4.5 |
9 |
8 |
5 |
8 |
1 |
3 |
7 |
7 |
7Settlement Assurance 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
1 |
7 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
2 |
1 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous (KYC at ramps)
issuance_ethic: Reserve-backed / discretionary
consensus_cost: Inherits host chain
governance_model: Institutional (issuer)
autonomy_accountability: High accountability
jurisdictional_posture: Administered by Tether (issuer), per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Its Layer C axis 6 records freeze authority. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Issuer freeze or blacklist of a holder's balance, including balances held by parties unconnected to any alleged wrongdoing. Redemption suspension or issuer insolvency. Reserve shortfall or reserve-asset failure. Host-chain settlement failure, which the index does not name because the host chain is not recorded (see section 7). Contract pause or compelled upgrade.
|
| Dogecoin DOGE | 5.7 | 5.8 |
7 |
5 |
6Usability & Safety 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
6Fungibility 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
6 |
7 |
7Settlement Assurance 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
4 |
7 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
7 |
5Resource Proportionality 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Unbounded tail inflation
consensus_cost: PoW (merge-mined)
governance_model: Ossified / minimal
autonomy_accountability: High autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss. Merge-mining means Dogecoin security is a by-product of Litecoin hashpower and can be withdrawn by decisions taken on another chain. Unbounded tail emission dilutes indefinitely by design. Quantum key recovery (B6 = 4).
|
| USDC USDC | 5.7 | 5.3 |
9 |
8 |
4 |
5 |
2 |
5 |
7 |
8 |
6 |
7 |
2 |
8 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
2 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
UNCAL
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous (KYC at ramps)
issuance_ethic: Reserve-backed / discretionary
consensus_cost: Inherits host chain
governance_model: Institutional (Circle)
autonomy_accountability: High accountability
jurisdictional_posture: US federal regime (GENIUS Act signed 18 July 2025, Bank Secrecy Act, OFAC), issuance also via Circle Internet Financial Europe SAS under MiCA Title III. Balances are reachable by US civil and criminal court orders including sealed orders; holders in any jurisdiction are exposed to US process
catastrophic_failure_modes: Failure of a regulated bank holding the cash tranche (SVB precedent, March 2023); Redemption suspension or issuer insolvency, mitigated but not eliminated by statutory holder priority; Contract pause or malicious/compelled upgrade by the issuer; Blacklist of innocent holders, including pooled and contract-held balances; Host-chain settlement failure on Ethereum; CCTP attestation-service failure or compromise for cross-chain instances
|
| Solana SOL | 5.6 | 6.0 |
8 |
4 |
4 |
6 |
7 |
3 |
7 |
6 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
6 |
8 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
4 |
9Resource Proportionality 9/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Rule-bound elastic
consensus_cost: Proof-of-Stake
governance_model: On-chain + foundation
autonomy_accountability: Moderate autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss. Full network halt requiring coordinated validator restart, which has precedent on this chain and places liveness in the hands of a small operator set. Client bug or resource exhaustion under load. Quantum key recovery (B6 = 4).
|
| Dai DAI | 5.6 | 5.4 |
5 |
7 |
4 |
5 |
4 |
7 |
7 |
6 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
3 |
6 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
3 |
9Resource Proportionality 9/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
UNCAL
A1<7
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Collateral rule-bound
consensus_cost: Inherits Ethereum
governance_model: On-chain vote (Sky/Maker)
autonomy_accountability: Moderate (USDC-collateral dependency)
jurisdictional_posture: Administered by an on-chain governance process (Sky/Maker) with no single obligor of record, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Its Layer C axis 6 records a USDC-collateral dependency. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Collateral shortfall or a failed liquidation cascade leaving the system undercollateralised. USDC-collateral dependency: a Circle freeze on collateral held by the protocol transmits straight through to DAI, which is why I.1 r2 caps DAI at USDC's settlement assurance. Governance capture redirecting collateral rules. Every Ethereum failure mode, inherited.
|
| Chainlink LINK | 5.4 | 6.2 |
8 |
5 |
4 |
5 |
4 |
5 |
7 |
8 |
7Settlement Assurance 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
4 |
8 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
7 |
7Resource Proportionality 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Pre-allocated
consensus_cost: Oracle network (on ETH)
governance_model: Institutional (Chainlink Labs)
autonomy_accountability: Accountability-leaning
jurisdictional_posture: Administered by Chainlink Labs (pre-allocation and contract deployment), per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. LINK is a contract on Ethereum, so it inherits every Ethereum failure mode plus contract risk of its own. Oracle-network failure or collusion corrupts every DeFi position that depends on it, which is a far larger exposure than LINK's own market. Quantum key recovery (B6 = 4).
|
| TRON TRX | 5.4 | 4.8 |
4 |
8 |
3 |
8 |
5Fungibility 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
7 |
2 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
6 |
6 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
1 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
A1<7
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Issuer-influenced
consensus_cost: DPoS
governance_model: Institutional (Sun-influenced)
autonomy_accountability: Accountability-leaning
jurisdictional_posture: Administered by an issuer-influenced governance structure (Layer C axis 5), per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Super-representative concentration under DPoS allows a small elected set to censor or halt. Most value on this chain is issuer-frozen-able stablecoin, so the dominant holder exposure is the issuer's freeze authority, not TRX itself. Quantum key recovery (B6 = 4).
|
| Bitcoin BTC | 5.3 | 7.1 |
9 |
6 |
3 |
4 |
4 |
6 |
5 |
9 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
8 |
4 |
9 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
8 |
9 |
5Resource Proportionality 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
privacy_posture: Transparent (pseudonymous)
identity_model: Pseudonymous
issuance_ethic: Fixed cap
consensus_cost: Proof-of-Work
governance_model: Ossified
autonomy_accountability: High autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss, uninsured and borne wholly by the holder. Sustained majority-hashpower attack producing deep reorganisation of settled history. Quantum recovery of keys from exposed public keys (B6 = 4). No issuer failure mode exists, because there is no issuer.
|
| Hyperliquid HYPE | 5.3 | 5.1 |
7 |
2 |
4Usability & Safety 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7Portability & Divisibility 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5Fungibility 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6Recognizability 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
4 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
2 |
2 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
8 |
3 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Fixed genesis + buyback/burn
consensus_cost: HyperBFT (~25 validators)
governance_model: Team/foundation
autonomy_accountability: Low autonomy
jurisdictional_posture: Administered by the Hyperliquid team/foundation, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Its own Layer C axis 6 records an intervention precedent. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Roughly 25 validators under HyperBFT: a quorum is a small, identifiable set that can halt, censor or intervene, and this index's own Layer C records that intervention has precedent here. Oracle or liquidation-engine failure under stress. Quantum key recovery (B6 = 4).
|
| World Liberty USD1 USD1 | 5.3 | 4.7 |
7 |
6 |
5Usability & Safety 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
1 |
6Recognizability 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
8 |
6Settlement Assurance 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
1 |
8 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
1 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
UNCAL
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous (KYC at ramps)
issuance_ethic: Reserve-backed / discretionary
consensus_cost: Inherits host chains
governance_model: Institutional (WLFI/BitGo)
autonomy_accountability: Very high accountability
jurisdictional_posture: Administered by WLFI / BitGo, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Its Layer C axis 6 records that the issuer froze addresses in June 2026. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Issuer freeze or blacklist — realised in June 2026 and recorded in this index's own Layer C. Redemption suspension or issuer insolvency. Reserve shortfall. Multi-chain deployment means a bridge or an attestation service may sit between the holder and the issuer on any given instance. Contract pause or compelled upgrade.
|
| Monero XMR | 5.1 | 5.6 |
2 |
5 |
5Usability & Safety 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
8 |
7Recognizability 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
7 |
6Settlement Assurance 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
2 |
5 |
5Forward Security Margin 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
9 |
7 |
5Resource Proportionality 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
A1<7
B1/B2<7
privacy_posture: Total untraceability (mandatory)
identity_model: Anonymous
issuance_ethic: Rule-bound (tail emission)
consensus_cost: PoW (RandomX)
governance_model: Off-chain / community
autonomy_accountability: High autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss. Majority-hashpower attack and deep reorganisation — realised on 14 Sep 2025, 18 blocks, 118 transactions invalidated. Cryptographic break of ring signatures or bulletproofs retroactively deanonymising the whole chain. Quantum key recovery (B6 = 5).
|
| Toncoin TON | 5.0 | 4.9 |
5 |
2 |
5Usability & Safety 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
5Fungibility 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6Recognizability 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
6 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
2 |
3 |
6 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5No Invisible Rent 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
2 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
A1<7
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Rule-bound elastic
consensus_cost: BFT PoS
governance_model: Foundation
autonomy_accountability: Moderate autonomy
jurisdictional_posture: Administered by the TON Foundation, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Validator concentration under BFT PoS. Heavy dependence on a single messaging front-end for custody UX, concentrating real-world key compromise. Quantum key recovery (B6 = 4).
|
| Zcash ZEC | 5.0 | 4.4 |
6 |
2 |
5Usability & Safety 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
4 |
7Recognizability 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
1 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
3 |
6 |
5Forward Security Margin 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5 |
2 |
5Resource Proportionality 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
A1<7
B1/B2<7
privacy_posture: Optional shielded (fungibility-grade)
identity_model: Pseudonymous/anonymous
issuance_ethic: Fixed cap
consensus_cost: Proof-of-Work
governance_model: Off-chain + foundation
autonomy_accountability: High autonomy
jurisdictional_posture: No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
catastrophic_failure_modes: Irrecoverable key loss. Majority-hashpower attack and deep reorganisation. A soundness bug in the shielded pool permitting undetectable inflation, which is invisible precisely because the pool is shielded. Trusted-setup compromise for legacy pools. Quantum key recovery (B6 = 5).
|
| Canton CC | 4.7 | 5.8 |
4 |
3 |
4Usability & Safety 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6Portability & Divisibility 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
5Fungibility 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4Recognizability 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7Cost Efficiency & Capacity 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6 |
8Settlement Assurance 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
6Resilience, Liveness & Capacity 6/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
5 |
5Forward Security Margin 5/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
4 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
— |
UNCAL
A1<7
B1/B2<7
privacy_posture: Configurable / institutional privacy
identity_model: Verified (permissioned)
issuance_ethic: Burn-mint, no premine
consensus_cost: BFT (Global Synchronizer)
governance_model: Institutional (Canton Foundation)
autonomy_accountability: High accountability
jurisdictional_posture: Administered by the Canton Foundation, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. The network is permissioned, so participation is itself a licensing question. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Irrecoverable key loss. Permissioned validator set: the Global Synchronizer is operated by identified parties who can decline to sequence a participant's transactions. Sub-transaction privacy means a soundness bug may be unobservable to counterparties. Quantum key recovery (B6 = 5).
|
| UNUS SED LEO LEO | 4.0 | 4.6 |
1 |
6 |
1 |
5 |
1 |
7 |
7 |
4 |
7Settlement Assurance 7/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
7 |
1 |
7 |
4Forward Security Margin 4/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
4 |
1 |
8Resource Proportionality 8/10 UNCALIBRATED — v1 expert judgment, no evidence yet. |
3 |
UNCAL
A1<7
B1/B2<7
privacy_posture: Transparent
identity_model: Pseudonymous
issuance_ethic: Pre-allocated + buyback/burn
consensus_cost: Inherits host chain
governance_model: Institutional (Bitfinex)
autonomy_accountability: High accountability
jurisdictional_posture: Administered by Bitfinex / iFinex, per this index's own Layer C axis 5. Balances are reachable by legal process served on that entity. Its Layer C axis 6 records high accountability. Specific statutes and domicile are not asserted here — that needs /pl-assess.
catastrophic_failure_modes: Issuer discretion over the repurchase undertaking, which is funded from issuer revenue and therefore fails exactly when the issuer does. Issuer insolvency. Freeze or blacklist by the issuer. Host-chain settlement failure, unnamed because the host chain is not recorded (see section 7).
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Score markers: ~ = speculative (open research problem; score is a ceiling, not current reality) · ● = buildable (technology exists, not yet deployed at scale)
Assets marked UNCAL carry UNCALIBRATED expert-judgment estimates, awaiting v4 re-assessment. Adjusting weights changes the ranking, not the underlying scores. Methodology →