EC-COUNCIL 312-82 Reliable Test Dumps & Latest 312-82 Test Pass4sure

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	Ethereum: This part of the exam evaluates the expertise of blockchain developers and IT professionals in Ethereum, the leading platform for decentralized applications (copyright).
Topic 3	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.
Topic 4	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 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	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 7	Decentralized Applications (copyright): This final section examines the skills of software developers in creating decentralized applications (copyright). It discusses the design, development, and deployment of copyright and their potential to revolutionize traditional business models by offering more secure, transparent, and efficient solutions.
Topic 8	Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
Topic 9	Bitcoin: This module zeroes in on Bitcoin, the first and most prominent copyright. It tests the understanding of blockchain developers about how Bitcoin works, its impact on the financial landscape, and the challenges and opportunities related to its adoption as a digital currency.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q45-Q50):

NEW QUESTION # 45
A________in a new chain and requires clients to upgrade in order to participate on the new blockchain.

A. Hard fork
B. Sharding
C. Sub chain
D. Soft fork

Answer: A

Explanation:
Ahard forkoccurs when there is a fundamental change in a blockchain's protocol, resulting in the creation of a new chain that is incompatible with the previous one. After a hard fork, nodes must upgrade to the new version of the blockchain's software to continue participating in the network. A hard fork can be used to implement new features, fix security issues, or change core aspects of the blockchain.
Key Details:
* Differences from Soft Forks: Unlike a soft fork, which is backward-compatible and allows nodes on the previous version to still participate, a hard fork splits the blockchain into two distinct paths, with the upgraded path requiring new software.
* Examples: Notable hard forks include Bitcoin Cash from Bitcoin and Ethereum Classic from Ethereum. These forks occurred due to disagreements within the community on how to handle certain protocol changes, leading to the creation of separate blockchains.
* Upgrade Requirements: Participants on the blockchain who wish to continue on the new chain after a hard fork must update their software. Those who do not upgrade remain on the original chain, which continues as a separate, incompatible blockchain.
Thus, the correct answer isHard fork (A), as it directly refers to a blockchain split that requires client upgrades for participation.

NEW QUESTION # 46
The financial Action Task force defines virtual asset providers as companies that (choose two):

A. Sell products for virtual currency
B. Purchase virtual currency
C. Transfer virtual assets
D. Exchange virtual assets for fiat currency

Answer: C,D

Explanation:
TheFinancial Action Task Force (FATF)definesVirtual Asset Service Providers (VASPs)in its guidelines to include entities that engage in theexchange of virtual assets for fiat currencyand thetransfer of virtual assets. This categorization is part of the FATF's efforts to regulate and monitor the flow of virtual assets to mitigate risks associated with illicit activities.
Key Details:
* Exchange and Conversion Services: FATF recognizes companies that offer exchange services between virtual assets and fiat currencies as VASPs. These services are critical for converting virtual assets into forms that can be readily used in traditional markets.
* Transfer Services: VASPs that facilitate the transfer of virtual assets are also within the FATF's regulatory scope. This includes services that manage, transfer, or act as intermediaries in the movement of virtual assets between users, ensuring these transactions are conducted transparently and within regulatory frameworks.
Therefore,C. Exchange virtual assets for fiat currencyandD. Transfer virtual assetsare the correct answers, as they align with the FATF's definition of VASPs.

NEW QUESTION # 47
_______uses a Trusted Execution environment (TEE) to provide randomness and safety in the leader election process via a guaranteed wait time.

A. Pol
B. PoD
C. PoET
D. PoA

Answer: C

Explanation:
Proof of Elapsed Time (PoET)is a consensus mechanism that uses a Trusted Execution Environment (TEE) to ensure randomness and safety in the leader election process by enforcing a guaranteed wait time.
Developed by Intel, PoET is particularly used in permissioned blockchain networks where a TEE can securely run code to determine which node is elected to propose the next block. This mechanism is efficient in terms of energy consumption and provides a fair method for selecting a leader without requiring intensive computational power.
Key Details:
* Role of TEE in PoET: The TEE ensures that nodes wait for a random period before being eligible to propose a new block. This waiting period is verified by the TEE, which acts as a trusted third party to confirm that nodes have adhered to the assigned wait time.
* Randomness and Security: PoET provides randomness in the leader selection process, reducing the chances of any node gaining an unfair advantage. It also promotes security by leveraging the TEE, which is designed to prevent tampering with the waiting time calculations.
* Use Cases: PoET is mainly used in permissioned blockchain environments like Hyperledger Sawtooth, where nodes are pre-approved, and there is a need for a scalable yet secure consensus mechanism.
In summary, PoET is the correct answer as it directly refers to a consensus mechanism that utilizes a Trusted Execution Environment for leader election.

NEW QUESTION # 48
_______implements the interledger protocol, which facilitates interoperability across different distributed and non-distributed ledger networks.

A. Quit
B. Composer
C. Cello
D. Caliper

Answer: A

Explanation:
The answer is(C) Quilt.
Hyperledger Quilt is a Java implementation of the Interledger Protocol (ILP). ILP is designed to transfer value across different ledgers, whether they are distributed ledgers (like blockchains) or traditional non-distributed ledgers.
Here's why the other options aren't the best fit:
* Composer:Hyperledger Composer was a tool for building blockchain applications, but it has been deprecated.
* Cello:Hyperledger Cello aims to provide a modular blockchain platform, making it easier to deploy and manage blockchain networks.
* Caliper:Hyperledger Caliper is a benchmarking tool used to measure the performance of different blockchain implementations.
Quilt's primary function is to enable interoperability between different ledger systems, which is crucial for the broader adoption and integration of blockchain technology.

NEW QUESTION # 49
What type of DApp uses another blockchain such as Ethereum?

A. DAO
B. Type III
C. Pseude DApp
D. Type II

Answer: D

Explanation:
AType II DAppis characterized by utilizing another blockchain, such as Ethereum, as its underlying platform. Type II copyright generally operate as protocols or platforms themselves and rely on a foundational blockchain (Type I) for their infrastructure. This categorization enables Type II copyright to leverage the security, decentralization, and functionality of the underlying blockchain while adding unique features or protocols.
Key Details:
* Relationship with Type I copyright: Type I copyright are foundational platforms with their own blockchain, such as Ethereum. Type II copyright are built on these foundational platforms, creating additional protocols or applications that depend on the Type I blockchain.
* Examples of Type II copyright: Protocols like the ERC-20 token standard on Ethereum are examples of Type II copyright, as they rely on Ethereum's blockchain but provide their own set of functionalities that can be used by other applications.
* Benefits of Using Existing Blockchains: By using established blockchains, Type II copyright benefit from existing infrastructure and security while extending the blockchain's capabilities.
Therefore,C. Type IIis the correct answer, as it represents copyright built on another blockchain like Ethereum.

NEW QUESTION # 50
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EC-COUNCIL 312-82 RELIABLE TEST DUMPS & LATEST 312-82 TEST PASS4SURE

EC-COUNCIL 312-82 Reliable Test Dumps & Latest 312-82 Test Pass4sure