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If your cryptocoin is centralized, it's not really a cryptocoin, even if it's listed on a cryptocoin exchange.

Nano is another coin with properties similar to Iota that is actually decentralized.

(disclaimer: I hold some Nano)

In a bunch of the recent IOTA threads I've seen people shilling Nano. I'm slowly beginning to understand HN's allergy to cryptocurrencies.

And as always claims about cryptocurrencies should be taken with a grain of salt. Nano uses delegated proof-of-stake which has a questionable level of decentralization compared to proof-of-work coins like Bitcoin.

(But it's not as bad as IOTA of course.)

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