The Web3 Foundation, a non-governmental organization based in Zug, Switzerland, has released an announcement that it has come to the realization that the original Polkadot Project (DOT) token is just software and not security.

His opinion agrees with that of the US Securities and Exchange Commission (SEC).

In a recent press release by Web3 Chief Legal Officer Daniel Schoenberger, US Strategic Center for Innovation and Financial Technology (FinHub) staff released an investment contract framework for digital asset analysis.

The framework suggested that all digital assets sold for the purpose of raising funds were initially intended to be a security in the hands of the original buyer.

The framework suggests that there are factors that lead to complaints, for example, an existing complaint when the initial digital asset offered as collateral is sold and revalued at a later time.

Therefore this security no longer exists under the US federal securities laws because it has mutated.

Daniel highlighted that it has been three years since Web 3 interacted with the SEC.

He emphasized that their discussions were positive and led to a deeper understanding of the issues raised by the SEC as they sought solutions to address their concerns.

The Web3 Foundation has developed a viable theory on how a digital token transition could be adopted by decentralized projects like Polkadot and other digital assets because, apart from being issued for fundraising purposes, it lacks security-like properties.

Polka Dots:

Polkadot was developed in 2016.

Polkadot Web 3 Foundation Founder Dr. A representation of Gavin Wood’s vision of developing a decentralized Internet as Web 3.0.

Polkadot is a distributed blockchain, which means it connects several networks into a single network, allowing data to be processed and exchanged in parallel while maintaining strong security guarantees between networks. By parallelizing workloads, Polkadot solves key problems previously mitigated with decentralized application development.

In an effort to delve deeper into the field of digital education, Polkadot recently partnered with edX to promote educational courses.

The course outline covers the basics of blockchain and polkadot technology, as well as the Substrate blockchain framework and the Rust programming language.

Users are allowed to try courses for free without prior knowledge or experience.

In terms of educational courses, we offer a free educational course at Arab Bitcoin on blockchain technology and how it works and complete information about digital currencies and wallets.

To access the course, this can be done Link.

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