Decentralised and open source or Closed source and centralised?
There are two main wallet types:
- Custodial: you don't own private keys.
- Non custodial: you are the only one owns private keys.
About source code, wallets can be categorized as two types:
- Open source: the type is preferred by many users.
- Close source: less preferred.
So the best type is open source + non custodial wallet.
Can a wallet be completely open source and still be centralised? Which one do you think makes more sense?
Wallets are not centralized or decentralized. You mean about network, not wallet. Wallet is only either open source or close source.