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Revolutionizes human capabilities. Only two other technologies are close parallels: money and AI. Money externalized society's memory of economic contribution, allowing humans to coordinate economically across much larger groups and spans of time. AI externalizes cognitive functions from biological brains into computation, allowing cognition to be industrialized. Similarly, Ethereum externalizes formal institutional functions — shared recordkeeping, rule verification, and rule enforcement — into computation, allowing those functions to be industrialized as well.