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RE: ...

to the best of my understanding, simplified as much as possible...

Bitshares is a blockchain platform.

OpenLedger is a decentralized exchange, "hosted/developed on"(?) the Bitshares blockchain, leveraging the Bitshares infrastructure - and developed using Bitshares' "Graphene" toolkit.

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Thanks!
In other words,
Bitshares and Steem are the blockchains.
OpenLedger and Steemit are the "blockchain explorers" for their corresponding blockchains