Is full transparency on the blockchain truly synonymous with decentralization?

Honestly, many people confuse these two concepts, but they are not the same thing at all. Not everyone can read on-chain data to make reliable analyses, and that’s something we have to acknowledge. When transparency and decentralization are forcibly bundled together in promotion, it can actually cause confusion.

Full transparency definitely has its value, and I don’t deny that. It makes auditing and verification processes traceable, which is entirely necessary for ordinary users and the community. But the key point is—people who can read the data and those who cannot are experiencing two different levels of transparency. True decentralization isn’t just about data being accessible; it’s about the distribution of power. These two aspects need to be understood separately.