Translation
and they worshipped THE DRAGON who had given his authority to THE BEAST; and they worshipped THE BEAST saying, “Who is like THE BEAST and who can
make war against it.”
Paraphrase
and they worshipped
THE GREAT DECEIVER who had given his authority to
THE FEROCIOUS CREATURE, and they worshipped THE FEROCIOUS CREATURE saying, “Who is like THE FEROCIOUS CREATURE and who can make war against it.”