Most blockchain systems are fairly or even extremely centralized as well and amount to little other than decentralization theater. Bitcoin and Ethereum are arguably more of an exception than the norm.
None of which are in production at scale. I admit crypto is optimal for less than legal transactions and speculation, but the volume for legal payment transactions is negligible.
Most blockchain systems are fairly or even extremely centralized as well and amount to little other than decentralization theater. Bitcoin and Ethereum are arguably more of an exception than the norm.