Layer 1 tokens play a crucial role in securing the network and maintaining its decentralization. They incentivize miners or validators to participate in the consensus mechanism, which verifies and adds new transactions to the blockchain.
You are viewing a single comment's thread from:
Yes, layer 1 of all blockchain for me is the most important, since in many occasions or in all, is where the consensus algorithm works, and as you say, this is what helps to decentralize the network with its nodes.