There's a mathmetical measure for "decentralization", you can't tell how exactly centralized it is by looking.
Obviously, to be exact, one would have to calculate a number.
However, it is trivial to observe qualitatively that the network is quite centralized, and this is only the larval form. If a meaningful amount of capital was actually involved, it would be much more centralized.
However, it is trivial to observe qualitatively that the network is quite centralized, and this is only the larval form. If a meaningful amount of capital was actually involved, it would be much more centralized.