Is COTI decentralized?

Inquiring minds often want to delve deeper into the technical underpinnings of various cryptocurrencies and blockchain-based solutions. So, the question arises: Is COTI decentralized? This query seeks to understand the fundamental nature of COTI's architecture and whether it adheres to the principles of decentralization that are CORE to many blockchain-based projects. Decentralization, in its essence, refers to the distribution of power and control, often achieved through the use of distributed ledger technology. Answering this question is crucial for investors, developers, and enthusiasts alike to assess the true nature of COTI and its potential for impact.