Is Celo decentralized?

Could you elaborate on the decentralization of Celo? Many cryptocurrencies claim to be decentralized, but how does Celo's design and architecture truly embody this principle? Is it truly decentralized in terms of its governance, consensus mechanism, and token distribution? Are there any centralized entities or authorities that hold significant control over the network? I'm interested in understanding the intricacies of Celo's decentralization and how it compares to other blockchain platforms.