Ethereum is both an abstract philosophical concept (the ontological Turing machine) and a practical research and development effort that aims to answer this question that pertains to the nature of Ethereum.
How the nature of "Ethereum" as a protocol comes to be determined through the ACD governance mechanism, how cryptographic truth comes to be defined, and how convergent consensus is reached using majority representation of Ethereum's observers is what reduces the ontology of the world computer down to what we today call the Ethereum network.
Here's how the world computer comes to be defined:
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