At least there is one truly decentralized blockchain network that we know. The major attributes that make it decentralized are that;
1. No organization or owner having full control over it. The code is open source and different developers from allover the world can contribute to the development of Bitcoin. Bitcoin improvement proposals can be approved or rejected by the community, not just one lead developer.
2. The network consensus mechanism is POW which we are well a ware supports decentralization unlike a majority of altcoins that use POS
Topic: Are some cryptos decentralized while some are not? - page 2. (Read 268 times)
Hearing about Blockchain and cryptocurrency, I got to know that they offer a decentralized system of finance, where each user has control over their crypto, deciding on how and when to use their crypto.
DeFi's? I think that despite being called as decentralized finance, those users that have their wallets connected and have their cryptos deposited into a DeFi service still losses custody of their coins as they deposit and connect their wallets to those respective DeFi services. Why? Because of the series and events of DeFi hacks have made people lost their funds. Like these events: https://chainsec.io/defi-hacks/But again, I've heard about investors losing their money in crypto due to irregularities from the project owners. And this brings me to wonder if these teams still have control over the crypto that is supposed to be decentralized? Or is it that some cryptocurrencies are decentralized while some are not?
Honestly, the term decentralized is being used and abused by many project developers. They tend to mention that they're a decentralized project but lies behind that, they're not. Bitcoin is decentralized and that's what the meaning of it. And don't buy onto those projects that have been labelling themselves as a decentralized project. Another thing, DeFis are no longer a thing today. 
Bitcoin is decentralized and almost all altcoins are centralized.
All coins/tokens that are premined are centralized.
All coins/tokens that are sold through ICO, IEO, etc. are centralized.
In the case you keep your coins/tokens in a centralized service like an exchange, it's the centralized service that has control over the fund, even if that's bitcoin which is the most decentralized cryptocurrency.
But again, I've heard about investors losing their money in crypto due to irregularities from the project owners.
If there's someone known as the project owner, that's enough to conclude that the coin/token is centralized. All coins/tokens that are premined are centralized.
All coins/tokens that are sold through ICO, IEO, etc. are centralized.
And this brings me to wonder if these teams still have control over the crypto that is supposed to be decentralized?
Take note that if you want to have full control over your fund, you should use your own non-custodial wallet and you should be the only one who has access to the private key(s). In the case you keep your coins/tokens in a centralized service like an exchange, it's the centralized service that has control over the fund, even if that's bitcoin which is the most decentralized cryptocurrency.
Hearing about Blockchain and cryptocurrency, I got to know that they offer a decentralized system of finance, where each user has control over their crypto, deciding on how and when to use their crypto.
Cryptocurrencies are a lot, including Bitcoin and alternate cryptocurrencies aka. altcoins.- Coinmarketcap lists 9302 cryptocurrencies, but in fact the number is bigger than that. Many dead altcoins and scam tokens created and did not list on Coinmarketcap or Coingecko as they died after a few hours.
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But again, I've heard about investors losing their money in crypto due to irregularities from the project owners. And this brings me to wonder if these teams still have control over the crypto that is supposed to be decentralized? Or is it that some cryptocurrencies are decentralized while some are not?
If you want to invest in altcoins, you must look at their token distributions. If majority of tokens belong to team members or some whale wallets, you can smell risk of rug pull or dump from those wallet holders. Avoid any project has such risky token distribution.
Hearing about Blockchain and cryptocurrency, I got to know that they offer a decentralized system of finance, where each user has control over their crypto, deciding on how and when to use their crypto.
But again, I've heard about investors losing their money in crypto due to irregularities from the project owners. And this brings me to wonder if these teams still have control over the crypto that is supposed to be decentralized? Or is it that some cryptocurrencies are decentralized while some are not?
But again, I've heard about investors losing their money in crypto due to irregularities from the project owners. And this brings me to wonder if these teams still have control over the crypto that is supposed to be decentralized? Or is it that some cryptocurrencies are decentralized while some are not?
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