What makes a project decentralized:
1) Is the creator known? Yes or no
2) how are the coins distributed? (Obviously the less spread out, and fewer large bag holders the better)
3) number of full nodes being run? (The more the better)
Can more technical people help me come up with at least 10 factors? They have to be quantifiable.
I'm not sure if I would qualify as a "technical person," but I would add this to the list:
- Is there a reward or some other form of incentive for transaction validators (miners). Incentives lead to increased interest from individuals, which in turn leads to a greater level of decentralization
- Does the network have a governance structure? Is the decision-making process decentralized as well?
- Does the project use open source software?