Yes, all other "cryptos" are just products developed by companies who place themselves at the top of the pyramid. This is one of the key properties that makes

Yes, all other "cryptos" are just products developed by companies who place themselves at the top of the pyramid. This is one of the key properties that makes Bitcoin so important. There is no company that administrates over it. There is no CEO. It's just a protocol. Roughly 12k computers run this protocol around the world, helping to enforce the consensus rules which have been incredibly resilient to change over the last 13 years, despite numerous attempts. It's this immutability of consensus on a decentralised network that makes Bitcoin (the token) so valuable.