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mk  ·  3450 days ago  ·  link  ·    ·  parent  ·  post: Pubski: August 12, 2015

The contracts aren't administered or validated by a centralized party. It's trustless. The blockchain creates the shared immutability that enables decentralized trust.

While bitcoin is a decentralized asset app, ethereum is a decentralized app app. The ETH token is just one component.