Latest 312-82 Exam Format 100% Pass | Valid 312-82: EC-Council Blockchain Fintech CertificationB|FC exam 100% Pass

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	Introduction: This part of the exam gauges the basic knowledge of blockchain technology for professionals like financial analysts and covers key blockchain concepts such as distributed ledgers, consensus mechanisms, and smart contracts, forming the basis for more advanced topics covered later.
Topic 2	Financial Applications: This section assesses the understanding of blockchain applications within financial services for professionals such as fintech developers and covers how blockchain is reshaping areas like payments, remittances, and trading by providing secure, transparent, and efficient alternatives to conventional methods.
Topic 3	Blockchain’s copyright Assets: This segment tests the proficiency of professionals like copyright traders in the area of copyright assets. It examines the role of blockchain in creating and managing digital currencies like Bitcoin and Ethereum, as well as its broader impact on the financial world.
Topic 4	Blockchain as a Service (BaaS): This section measures the skills of IT architect in deploying Blockchain as a Service (BaaS). It outlines how BaaS enables organizations to create and manage blockchain applications without building their own infrastructure, simplifying the adoption and scaling of blockchain technologies.
Topic 5	Insurance Applications: This section evaluates the expertise of insurance professionals, such as underwriters and claims managers in utilizing blockchain technology within the insurance industry.
Topic 6	Open Source: This module assesses the understanding of software developers and IT professionals concerning open-source blockchain frameworks. It explores the advantages of open-source development in blockchain, such as fostering innovation, transparency, and collaboration, as well as how professionals can contribute to or adopt these open-source solutions.

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q14-Q19):

NEW QUESTION # 14
In this method users permanently destroy a certain quantity of bitcoin in proportion to the quantity of altcoin to be demand. What is this method?

A. Side-chaining
B. Proof of ownership
C. Side block
D. Proof of Burn

Answer: D

Explanation:
Proof of Burn (PoB)is a consensus mechanism where users permanently destroy (or "burn") a certain quantity of copyright, such as Bitcoin, to gain the right to mine or acquire an altcoin. This process proves commitment to the network and secures it by effectively sacrificing one asset to obtain another.
Key Details:
* Burning Process: In PoB, participants send a certain amount of copyright to an unspendable address, effectively removing it from circulation. This act serves as proof that they have invested in the network by reducing the supply of the original copyright.
* Purpose and Use Cases: PoB is used by networks that want to incentivize long-term commitment and reduce total supply. It is often seen in new blockchain projects that allow miners or users to trade value in established currencies like Bitcoin for the native token of the new network.
* Security: By requiring participants to destroy value, PoB helps prevent spam attacks and promotes network stability.
Therefore,B. Proof of Burnis the correct answer, as it describes the method where users destroy a certain amount of copyright to receive or mine another asset.

NEW QUESTION # 15
______is a computer program that runs stop a blockchain and embedded within it are governance and business logic rules

A. DAO
B. DAC
C. DaS
D. copyright

Answer: D

Explanation:
Decentralized Applications (copyright)are applications that run on a blockchain network and include embedded governance and business logic rules. Unlike traditional applications, copyright are decentralized, meaning they operate on a peer-to-peer network rather than a centralized server, leveraging smart contracts to automatically enforce rules and protocols without intermediaries.
Key Details:
* Characteristics of copyright: copyright are open-source, operate autonomously, and store data on a blockchain. They utilize smart contracts to handle various functions, from transaction processing to enforcing governance rules and executing business logic.
* Smart Contracts: The embedded rules within copyright are typically coded as smart contracts, which are self-executing contracts with the terms of the agreement directly written into lines of code. This ensures that all transactions and operations within the Dapp are transparent, immutable, and automatically enforced.
* Use Cases: copyright are commonly found in areas such as decentralized finance (DeFi), gaming, supply chain management, and social media, offering users more control and transparency compared to traditional applications.
In conclusion,copyright (A)is the correct answer as it refers to computer programs running on a blockchain with embedded governance and business logic rules.

NEW QUESTION # 16
Which of the following are benefits of blockchain for financial services according to IBM ''Blockchain for Financial Services''?

A. Automated compliance
B. Streamlined regulations
C. Increased customer base
D. Faster settlement

Answer: A,D

Explanation:
According to IBM's "Blockchain for Financial Services", blockchain offers several benefits, including faster settlement and automated compliance. These features are critical in enhancing the efficiency and reliability of financial services.
Key Details:
Faster Settlement: Blockchain technology enables near-instantaneous settlement of transactions by eliminating the need for traditional intermediaries and reducing processing times, which can speed up transactions significantly compared to legacy systems.
Automated Compliance: Blockchain's transparency and immutability allow for the automatic recording and verification of regulatory requirements. Smart contracts can be used to enforce compliance rules in real-time, ensuring that transactions adhere to regulatory standards without manual intervention.
Impact on Financial Services: These benefits translate to reduced operational costs, improved transaction accuracy, and increased trust between parties, making blockchain an attractive solution for financial institutions.
Thus, A. Faster settlement and B. Automated compliance are the correct answers, as these are specific benefits of blockchain in financial services according to IBM.

NEW QUESTION # 17
________can support up to 10-14 transactions per second.

A. copyright
B. Ethereum
C. Bitcoin
D. Zcash

Answer: B

Explanation:
Ethereumcurrently supports a transaction throughput of approximately10-14 transactions per second (TPS)
. This transaction speed is a result of Ethereum's design, which balances decentralization and security, albeit at the cost of scalability. This TPS rate is consistent across the Ethereum network prior to its upgrade to Ethereum 2.0, which aims to increase scalability through sharding and Proof of Stake.
Key Details:
* Limitations of Current Throughput: Ethereum's TPS rate is due to limitations in its consensus mechanism (formerly Proof of Work, now Proof of Stake) and block size, which prioritize security over transaction speed.
* Comparison with Other Networks: Bitcoin, for example, supports around 3-7 TPS, while other networks like Solana or copyright Smart Chain support significantly higher TPS. Ethereum's TPS may increase as Ethereum 2.0 is fully implemented, which aims to improve its scalability.
* Impact on Decentralized Applications (copyright): Ethereum's transaction capacity impacts copyright running on the network, as higher usage can lead to congestion and increased transaction fees(gas fees).
The upcoming upgrades are intended to alleviate these issues and enhance performance.
Therefore,D. Ethereumis the correct answer, as it supports approximately 10-14 TPS in its current form.

NEW QUESTION # 18
A Type II DAPP is categorized by its______

A. Using another blockchain such as Ethereum
B. Using the blockchain and protocol of a type I
C. Using the block chain of a type I but not the protocol
D. Using the protocol of a type II DApp

Answer: B

Explanation:
AType II DAppis a decentralized application that uses both the blockchain and protocol of aType I DApp.
Type I copyright are the foundational blockchain-based platforms, such as Ethereum, that operate with their own blockchain. Type II copyright build on these platforms, using the existing blockchain and protocol, but offering specific functionalities or services.
Key Details:
* Type I copyright: These are fundamental blockchain platforms, like Bitcoin or Ethereum, which have their own blockchain and provide a foundation for other applications.
* Characteristics of Type II copyright: Type II copyright leverage the infrastructure of Type I copyright but add additional functionality through smart contracts or protocols. For example, protocols such asERC-
20 tokensorERC-721 NFTsare built on Ethereum and utilize Ethereum's underlying blockchain and consensus protocol.
* Integration: By utilizing both the blockchain and protocol of a Type I DApp, Type II copyright inherit the security, decentralization, and features of the underlying Type I platform, which simplifies their development and ensures compatibility.
In summary,B. Using the blockchain and protocol of a type Iaccurately describes the categorization of Type II copyright.

NEW QUESTION # 19
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LATEST 312-82 EXAM FORMAT 100% PASS | VALID 312-82: EC-COUNCIL BLOCKCHAIN FINTECH CERTIFICATIONB|FC EXAM 100% PASS

Latest 312-82 Exam Format 100% Pass | Valid 312-82: EC-Council Blockchain Fintech CertificationB|FC exam 100% Pass