Just because it sounds like crypto doesn’t mean it’s free from control.
Some coins wear decentralisation like a trendy hat — but underneath, there’s still a boss calling the shots. 

Let’s peel back the curtain and talk about centralised crypto, and why open-source code matters.

🤔 So, Isn’t All Crypto Decentralised?

Nope!
Decentralisation is a spectrum, not a checkbox. ✅❌

Some cryptos are:

Fully decentralised (like Bitcoin and Ethereum)

Semi-decentralised (like many newer tokens)

Totally centralised (basically run by a company or person)

🏢 Centralised Crypto: Red Flags to Watch For

These cryptos usually have:

A private company running the show

One team making the decisions

Closed-source code (so no one can check how it works)

The ability to pause, change, or reverse transactions

That’s not necessarily bad — but it’s not what most people think when they hear “crypto.”

Examples include:

Some stablecoins (like USDC or USDT)

Tokens that rely on a single company’s servers

Projects where the founders hold 80% of the supply.

🚨 If one group can press a button and freeze your coins, it’s not decentralised.

👀 What Is Open-Source Code?

Open-source means the code behind a project is public.
Anyone can read it. Anyone can audit it. Developers can suggest changes.

This creates:

Transparency (you can see exactly how the system works)

Security (the public can spot bugs or vulnerabilities)

Trust (you know there are no sneaky backdoors)

Most major decentralised projects, like Bitcoin and Ethereum are open-source.

🔐 Why This Stuff Matters

Decentralisation and open-source aren’t just techy buzzwords — they’re about freedom, security, and trust.

If you’re using crypto because you want to:

• Own your money
• Avoid censorship
• Escape from systems you don’t trust…

Then make sure the crypto you choose doesn’t sneak centralisation in through the back door.

Crypto without decentralisation is just digital money with a new coat of paint.

🧐 Questions to Ask Before You Trust a Coin:

Is the code open-source?

Who runs the network?

Can one person or group stop it?

What happens if the creators disappear?

The more transparent, open, and distributed the project is — the safer and more crypto it really is.

Let's move on to the Public Ledger