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Independent research & opinion. Gradings are automated / LLM-assisted and may contain errors or hallucinations; nothing here is a statement of fact, financial advice, or an accusation of wrongdoing by any party. Claims about identifiable people or organizations reflect public records + good-faith interpretation; intent is not inferred from association. Methodology & disclaimer.

Blockchain registry — public-record flags, not a legitimacy score

Built 2026-08-22 from research/blockchain-registry.json. Overlay; excluded from the financial proofs. Companion to blockchain-leg (stablecoin→Treasury + Fairshake), altcoin-lens (utility vs accrual — a different axis), spec-blockchain-ecosystem (foundations/infra), spec-crypto-collapse-cluster (2022 cascade), spec-exchanges-asia.

Discipline. This page does not sort "good actors" vs "bad actors." It sorts on public-document flags: criminal convictions, civil-fraud judgments, OFAC listings, bankruptcies/insolvencies, open-source vs custodial, US-public-company status, documented government/defense facts (contracts, council seats, state stablecoins, PAC funding), and explicit none documented. Pedigree, VC backing, and council adjacency are recorded as facts. Intent is not inferred. Composition guard: a foundation is not its token holders; an exchange is not its listed assets.

The live UI is the Blockchain tab (docs/blockchain.html).

Quantum readiness (third axis)

Public-record flags and altcoin-lens utility grades do not say whether a chain still signs with ECDSA. That is a separate, load-bearing fact: Bitcoin, Ethereum, Solana, XRP, and most L2s authorize spend with ECC (harvest-now / forge-later). The tab joins every chain we can match against the Blockchain Quantum Readiness Index (qrindex.org), scraped on each fetch_qri.py run.

There is no stable API. HTML data-* attributes, visible table cells, and per-project llms.txt are parsed defensively (models/graph/qri_parse.py). A Scrapy spider (qri_spider.py) is used when scrapy is importable; otherwise stdlib + curl (macOS cert store). JSON paths on the site, if they appear, are not a contract.

QRL is the reference Stage-4 L1 in this corpus: mandatory XMSS (NIST SP 800-208) since genesis, QRI 98.5 / Stage 4 (evaluated 2026-08-20, medium confidence, draft). Mochimo, Tidecoin, and Abelian also sit at Stage 4 on the same index. That is cryptographic-readiness, not adoption. altcoin-lens still grades QRL speculative-niche on token-accrual — both can be true.

Fetcher: python3 models/graph/fetch_qri.py → data/qri_index.json (plus data/qri_raw/index.html snapshot). Prefers Scrapy when importable; otherwise stdlib HTML + curl. Cache is kept if the scrape fails. Index is AI-assisted and pre-release; scores are not proofs.

CEX/DEX rows usually have no venue-level QRI. The tab then shows host-chain scores (BTC/ETH for a CEX; Solana for Jupiter/Raydium; TRON for SunSwap). That is listed-asset spend-auth exposure, not a cleanliness rating of the exchange.

Slug map is best-effort (XRP Ledger is xrp not ripple; BNB Chain is bnb; TON is toncoin). When qrindex changes slugs, update MAP in fetch_qri.py.

Why a tab (the map gap)

The bubble map had a crypto colour bucket and a blockchain-leg (GENIUS rail + Fairshake cycle) but:

  1. Bitcoin the protocol was not a node. Only Bitcoin_Strategic_Reserve, Bitcoin_Policy_Institute, and IBIT existed — policy/ETF wrappers with nothing to point at.
  2. Bitfinex and Bybit were sector other (mixing).
  3. Major L1s/L2s/CEXes sitting in prose (spec-blockchain-ecosystem) were not bubbles: Cardano, Polkadot, Aptos, TON, Base, Arbitrum, Optimism, OKX, dYdX, Curve.
  4. Definitive adjudicated schemes marketed as coins (OneCoin, BitConnect, PlusToken) were absent, so the 2022-cascade frauds looked like the whole "scam" set.

What the flags mean (objective)

FlagOn if
Adjudicated criminalA court of record convicted a controlling person in connection with this entity (FTX/SBF, Celsius/Mashinsky, Terraform/Do Kwon, OneCoin, BitConnect, PlusToken). Developers charged but not convicted are not this flag (Tornado/Samourai: presumed innocent except where adjudicated).
Civil-fraud judgmentFinal civil fraud judgment or equivalent.
OFAC SDNThe entity is on the SDN list (Tornado Cash). Monero is not.
InsolvencyBankruptcy, liquidation, or court rehabilitation (Mt. Gox, Voyager, BlockFi, 3AC, FTX).
Open-source protocolThe chain/DEX code is public; not a custodian.
CustodialUsers do not hold keys (CEX, yield platform, some stables).
US public companyExchange/issuer listed in the US (Coinbase; Voyager was).

Government/defense is a typed note, not a boolean "tied to the Pentagon":

Closest defense adjacency in the corpus: Hedera council includes Boeing. That is labeled council_seat. No public L1 in this registry has a documented US DoD procurement for the chain itself.

Keep separate (not aliases)

ClusterWhy they are different bubbles
Ripple / XRPL / Ripple Prime / XRPLFCompany vs ledger vs prime broker vs independent foundation
Ethereum / Ethereum Foundation / ConsenSys / MetaMask / Infura / LineaProtocol vs steward vs commercial spine vs products
Chainlink / Chainlink LabsNetwork vs operating company
AI Stargate / LayerZero's UI also named StargateUnrelated (already footnoted in spec-blockchain-ecosystem)
Gemini / Gemini EarnExchange vs the Genesis-frozen yield product
Bitcoin / Strategic Reserve / Policy Institute / IBITProtocol vs US policy vs think tank vs ETF

Venue coverage (expanded 2026-08-22)

The first draft only had the household-name CEXes. The registry now carries 93 CEX and 54 DEX/venue rows: CMC/CoinGecko/CryptoRank 2026 volume tables (Binance, OKX, Bybit, MEXC, Gate, Bitget, KuCoin, HTX, Crypto.com, Upbit, LBank, Toobit, BingX, WhiteBIT, CoinW, Bitunix, Zoomex, Hyperliquid as a DEX), plus regional KR/JP/IN/SE Asia/LatAm/Africa/MENA/TR/AU/CA on-ramps, US institutional (EDX, Bakkt, itBit), and the dead/sanctioned set (QuadrigaCX, Cryptopia, BTC-e, Thodex, Garantex, Bittrex wind-down, FTX.US, Zipmex, Vauld, Liquid, Paxful).

Volume is not a cleanliness score. CMC's own 11-venue tape is ~85% top-five; wash-trading on some alt venues is a known measurement problem and is not turned into a flag here.

Name collisions kept un-aliased: Stargate_Finance (LayerZero bridge) ≠ AI Stargate; Binance ≠ Binance_US ≠ Binance_TR; Coinbase ≠ Coinbase_International ≠ Deribit; HTX is Huobi's successor name.

CEX and DEX histories (one line each, from corpus)

DEX vs CEX is a custody flag, not a moral one.

Failed businesses vs adjudicated schemes

The 2022 cascade (spec-crypto-collapse-cluster) mixed leverage insolvency (3AC, Voyager) with adjudicated fraud (FTX, Celsius, Terraform). This registry splits those flags so they can be filtered apart. OneCoin / BitConnect / PlusToken are court-found schemes marketed as coins — they were never L1s in the Bitcoin/Ethereum sense.

Known-good / known-bad (why we refuse the labels)

"Good actor" in market speech usually means still operating and listed. "Bad actor" usually means someone already lost money. That collapses:

The tab therefore exposes the flags and lets the reader sort. altcoin-lens remains the place for utility vs token-accrual grades — a separate axis, still not a character judgment.

Graph review leftovers (not in this PR)

Thin or still-missing: MakerDAO/Aave/Compound, PancakeSwap, zkSync/Starknet/Scroll, Filecoin/Arweave as tab rows (they live in the ecosystem block), Kraken leadership dossiers. Overlay edges here are directional into protocols/sinks and do not close a financial cycle (gate: structural_edges_add_no_cycle must stay true; financial SCC stays 12).

← Research index · structured data: blockchain-registry.json · blockchain-registry.md