Efficient EC-COUNCIL Exam 312-82 Guide | Try Free Demo before Purchase

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Exam 312-82 Study Guide - 312-82 Pass4sure Dumps Pdf

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
Topic 3	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 4	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.
Topic 5	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 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.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q23-Q28):

NEW QUESTION # 23
________is one of the most widely used enterprise blockchain frameworks applicable across different industries.

A. Microsoft Azure
B. Ethereum
C. Hyperledger Fabric
D. Bitcoin

Answer: C

Explanation:
Hyperledger Fabricis a widely used enterprise blockchain framework developed under the Linux Foundation's Hyperledger project. It is designed to support various industries by offering a modular architecture, which enables enterprises to create customized blockchain solutions that meet specific business requirements.
Key Details:
* Enterprise Application: Hyperledger Fabric is suitable for use cases requiring privacy and confidentiality, such as supply chain management, healthcare, and finance. It supports permissioned networks where only authorized participants can join.
* Modularity and Flexibility: Fabric's modular design allows organizations to plug in their preferred components for consensus, membership, and data storage. This makes it versatile across different industries and applications.
* Smart Contracts and Chaincode: Fabric supports smart contracts, called chaincode, which enable complex business logic to be executed on the blockchain, providing significant utility to enterprises.
As a result,A. Hyperledger Fabricis the correct answer, as it is a leading enterprise blockchain framework used across multiple sectors.

NEW QUESTION # 24
What is a utility cryplet?

A. A part of IBM Hyperledger Fabric that is created automatically when a smart contract is created on the chain and resides off the chain.
B. A part of IBM Hyperledger Fabric Bletchley that is used to provide basic services such as encryption and basic data fetching from external sources.
C. A part of Microsoft Azure Bletchley that is used to provide basic services such as encryption and basic data fetching from external sources.
D. A part of Microsoft Azure Bletchley that is created automatically when a smart contract is created on the chain and resides of the chain.

Answer: C

Explanation:
Autility crypletis a component of Microsoft Azure Bletchley that provides essential services, such as encryption and data retrieval from external sources, to support blockchain applications. Bletchley is a Microsoft Azure project designed to enhance blockchain infrastructure by offering middleware services and tools for secure and efficient blockchain solutions.
Key Details:
* Purpose of Utility Cryplets: Utility cryplets extend the functionality of blockchain networks by offering off-chain services, which include cryptographic operations, data encryption, and fetching information from external APIs or data sources. This enhances the capabilities of smart contracts by allowing them to securely interact with off-chain data.
* Microsoft Azure Bletchley: As part of Microsoft's blockchain ecosystem, Bletchley provides an environment that supports building, deploying, and managing blockchain applications. Cryplets are designed to facilitate secure, reliable, and scalable integration between on-chain and off-chain processes.
* Use Cases: Utility cryplets are particularly useful in scenarios where blockchain applications need to access external data (like price feeds, identity verification, etc.) while ensuring data integrity and security.
Therefore,B. A part of Microsoft Azure Bletchley that is used to provide basic services such as encryption and basic data fetching from external sourcesis the correct answer, as it describes the function and purpose of utility cryplets within the Azure Bletchley project.

NEW QUESTION # 25
Self-executing computer programs which facilitate transaction automation and eliminates the need for intermediaries are called what?

A. Cryptocurrencies
B. Distributed ledgers
C. Bitcoin mining
D. Smart contracts

Answer: D

Explanation:
Smart Contractsare self-executing computer programs that automatically enforce, verify, and facilitate the terms of a contract when certain conditions are met. These programs run on blockchain networks and eliminate the need for intermediaries by automating transactions based on predefined rules coded into the contract.
Key Details:
* Automation and Trust: Smart contracts are crucial in blockchain technology because they enable trustless transactions, meaning parties can transact directly without relying on intermediaries. The code controls the execution, and transactions are transparent and irreversible.
* Use Cases: Smart contracts are foundational to decentralized finance (DeFi) applications, supply chain management, digital identity, and more. They facilitate various operations such as lending, borrowing, insurance, and automated asset transfers.
* Example in Ethereum: Ethereum popularized smart contracts by providing a platform with Turing- complete scripting capabilities. This allowed developers to create sophisticated decentralized applications that execute on the blockchain.
In conclusion,D. Smart contractsis the correct answer as it refers to the technology that automates transactions and eliminates the need for intermediaries.

NEW QUESTION # 26
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. Exchange virtual assets for fiat currency
D. Transfer virtual assets

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 # 27
What two types of transactions are there in Ethereum(pick z):

A. Contract Creation
B. Contract
C. Message Call
D. User

Answer: A,C

Explanation:
In Ethereum, there are two main types of transactions:Message CallandContract Creation. These transaction types enable Ethereum to support both the execution of contracts and interactions between accounts.
Key Details:
* Message Call Transactions: These transactions involve interactions between externally owned accounts (EOAs) or between EOAs and smart contracts. Message calls are used to transfer Ether or invoke functions within existing smart contracts.
* Contract Creation Transactions: This transaction type is used specifically to deploy new smart contracts on the Ethereum blockchain. During a contract creation transaction, the code for the new contract is included, which the network processes and stores at a unique address.
* Exclusion of User Transactions: While "User" refers to EOAs, it is not a type of transaction itself in Ethereum. Transactions in Ethereum are categorized based on their purpose - either calling an existing contract (Message Call) or creating a new one (Contract Creation).
Thus,C. Message CallandD. Contract Creationare the correct answers, as they represent the two main transaction types in Ethereum.

NEW QUESTION # 28
......

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EFFICIENT EC-COUNCIL EXAM 312-82 GUIDE | TRY FREE DEMO BEFORE PURCHASE

Efficient EC-COUNCIL Exam 312-82 Guide | Try Free Demo before Purchase