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Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
To bake Tezos idependently it is required to have at least 8,000 ꜩ, as the baking rights are assigned in rolls, where 1 roll represents 8,000 ꜩ.
For the process it is required to run a Tezos Node as well as the baker & endorser client, which must be constantly connected to the power and internet.
Security wise it is recommended to maintain the node with regular updates from the dev team and secure the funds in a hardware wallet.