What is the role of blockchain technology in the valuation of cryptocurrencies?

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What is the role of blockchain technology in the valuation of cryptocurrencies?

So, I've been scratching my head on this one, guys... I mean, how does blockchain tech actually impact the value of cryptocurrencies, you know? It's not like I'm some crypto genius over here, but I do enjoy diving into the deep end on stuff like this. So, anyone care to shed some light on it? Any crypto buffs or blockchain pros out there willing to drop some knowledge? Is it about the security it provides or something about the decentralization? Or is it something else altogether? Curious to hear your thoughts on this!

Definitely, the decentralization aspect plays a huge role. It creates a trustless, transparent system, that kinda takes the middleman out of the equation. Plus, you can't overlook the sheer influence of supply and demand when it comes to value determination. But hey, anyone else has some different views on this side of the story?

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