If you want to explain lord shiva in one word it should be supreme consciousness.
He is the supreme prana that governs the universe and sustains it and dissolves it. He is the supreme knowledge through which we break the shackles of samsaras and samskaras.
His mantras always govern the intelligence and will represented by HAUM AND HOOM. HAUM is the mrityunjaya beeja of Sada shiva knowing which we can be free from spiritual and material diseases. HOOM is the beeja of RUDRA aspect of shiva which is the KAVACHA beeja the armour beeja which protects us from all negative energies. While HAUM is cosmic prana HOOM is cosmic agni which govern our consciousness and willpower respectively,
He is the indestructible supreme lord whose feet are worshipped by brahma and vishnu. He is the one who presented the indomitable sudarshana chakra to sri vishnu and worshipping Him was the reason why krishna became all pervading
Brahma is the hiranya garbha or the mahattattva,,,vishnu is the ishwara the cosmic lord where as shiva is the para brahma the turiya state. Shiva is the state where Vishnu takes us to. Shiva is the ultimate destination
Mahabharata
Rudra Bhakthya Thu Krishnena Jagat Vyaptham Mahathmana,
Tham Prasadhya Thadha Devam Bhadaryam Kila Bharatha.
Yuge Yuge Thu Krushnena Thoshitho Vai Maheswara,
Bhakthya Paramaya Chaiva Prathi Sruthwa Mahatmana.
Lord Shiva is the means worshipping whom krishna became all pervading and krishna is the paramaya bhatya which means krishna is the supreme devotee of shiva
The cosmic rudra is the protector of our souls,the giver of the fruits of karma
He is mentioned as the para brahma himself in Shree rudram of the vedas.
He is the supreme abode,supreme destination,supreme path and the supreme truth.
If you want to know more about Him in the puranic fashion you can read the SHIVA GITA OF PADMA PURANA where lord shiva reveals His nature to Lord Rama.
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