Node distribution: Hive has a distributed network of nodes run by community members, which contributes to decentralization.
Development: While the core development is open-source, a significant portion of development work is done by a core team, which could be seen as a centralizing factor.
Token distribution: The initial distribution of HIVE tokens was based on the snapshot of the Steem blockchain, which may have led to some concentration of tokens among early adopters.
While Hive incorporates several decentralized elements, it's not as decentralized as some other blockchain networks. The DPoS system and the role of witnesses introduce some degree of centralization compared to fully decentralized systems.
Would you like me to elaborate on any specific aspect of Hive's decentralization?