Many people tend to overlook a detail when choosing a coin—whether the contract is truly open source and verified. Taking LGNS as an example, the contract address for this project has been fully open sourced, and administrative privileges have been completely relinquished. This is true decentralization in operation.

Conversely, if the cryptocurrency contract you hold is not open source or has not been verified, it is essentially a centralized coin. In such cases, the big players hold absolute control, and retail investors are easily exploited. The difference isn't complicated; the key is to learn how to check the contract yourself.

Next time you acquire a new coin, take some time to verify whether the contract code is genuinely open source and has undergone proper auditing. This habit can help you avoid many risks. I will later share how to specifically check contract information and teach you how to determine whether a coin is truly decentralized.