I’m working on a project, and I need input. I am trying to take every factor associated with Bitcoin/altcoins and rank them by “how decentralized” they are. Bitcoin is the gold standard, but what quantifiable factors make it the most decentralized crypto? I’m looking for 10 (at least).
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 guesses other users already gave you the rest 10 factors that you were looking for. To answer your question:
1. Creator making himself unknown truly did took the most "decentralized" decision. The creator knew that if his identity was known, people would start "following" him. Which means he would have a great influence on the system. If he had any influence, would it be decentralized anymore? Nope.
2. The more spread out it is, the better. If a small group hold majority of the coins, they can manipulate the market with ease.
3. Correct, more nodes, more decentralized.