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mk  ·  3453 days ago  ·  link  ·    ·  parent  ·  post: It was the best of times, it was the worst of times

Ethereum is a virtual computer run on a p2p network. ETH is the token that secures the ethereum blockchain. The ethereum blockchain contains executables and state of the virtual computer, and ETH must be spent to run programs on it. You could theoretically run any program on ethereum, but ETH costs and network limitations make only simple ones viable.