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Is it mainly about verifying your own transactions, improving privacy,
Both and add help in decentralization. While you have a valid full copy of the timechain you are helping others nodes to validate themselves.
You don’t need third parties to do and verify anything at blockchain.
Are there any entry level ways of running a node?
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I don't think there is a tier, but there are more familiar ways to build your node. Here's a guide that I recommend to get you started. I follow this guide and minibolt as I said here
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