Is RNDR decentralized?

I've been hearing a lot about RNDR recently, and one of the key concepts in cryptocurrency and finance is decentralization. So, I'm curious, is RNDR decentralized? I understand that it's a rendering token on the blockchain, but what does that mean for its decentralization? Does it mean that the network is distributed and not controlled by a single entity? Or are there still centralized components involved? I'm trying to get a clear picture of how RNDR operates and whether it aligns with the principles of decentralization that we often associate with cryptocurrencies. Can you help clarify this for me?