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