HOT Authorized 312-82 Test Dumps - EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam - Trustable New 312-82 Test Online

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
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	Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
Topic 6	Insurance Applications: This section evaluates the expertise of insurance professionals, such as underwriters and claims managers in utilizing blockchain technology within the insurance industry.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q26-Q31):

NEW QUESTION # 26
How many bitcoin are available?

A. It increases each year
B. 21 million
C. It fluctuates with demand
D. 1 million

Answer: B

Explanation:
Bitcoin has a fixed supply limit of21 millioncoins, as defined by its protocol. This cap is coded into Bitcoin's original protocol and cannot be altered without a consensus change, ensuring its scarcity and value proposition as a "digital gold." Key Details:
* Fixed Supply: Bitcoin's supply limit is integral to its design, as it imposes a hard cap on the total number of coins that can ever be mined. This limited supply is one of the factors that gives Bitcoin its deflationary nature and potential as a store of value.
* Mining Schedule: New Bitcoins are released into circulation through mining rewards, which halve approximately every four years (in an event known as the "halving"). This gradually reduces the issuance rate until the maximum supply is reached around the year 2140.
* Difference from Other Cryptocurrencies: Unlike some cryptocurrencies that have flexible or inflationary supply models, Bitcoin's finite supply is a distinguishing feature that appeals to those concerned with long-term value preservation.
Therefore,D. 21 millionis the correct answer, as it accurately reflects the total number of Bitcoin that will ever exist.

NEW QUESTION # 27
What is a DEX

A. A Decentralized finance app or DApp
B. A decentralized exchanged that allows users to exchange copyright directly
C. A distributed exchange that covers multiple nationalities
D. A copyright exchange such as copyright

Answer: B

Explanation:
ADecentralized Exchange (DEX)is a platform that allows users to trade cryptocurrencies directly with one another without the need for a central intermediary or custodian. On a DEX, trades are facilitated using smart contracts on a blockchain, which automate transactions and ensure transparency. This decentralized model allows for peer-to-peer trading, often providing users with greater privacy and control over their funds compared to centralized exchanges.
Key Details:
* Functionality of DEXs: DEXs enable users to connect their wallets and trade assets directly from their accounts. There is no central authority controlling the funds, reducing the risk of hacks and giving users full control over their private keys.
* Examples of DEXs: Popular DEXs include copyright, SushiSwap, and PancakeSwap, which are commonly built on blockchain networks like Ethereum and copyright Smart Chain. These platforms operate through automated market makers (AMMs) or order book systems, which facilitate trading without centralized management.
* Comparison with Centralized Exchanges (CEXs): Unlike centralized exchanges, which act as intermediaries and hold user funds, DEXs do not hold custody of funds. This reduces the risk of theft and enables users to trade directly from their wallets.
Therefore, the correct answer isC. A decentralized exchange that allows users to exchange copyright directly.

NEW QUESTION # 28
A____does not result in a new chain and does not require client nodes to upgrade.

A. Dependent chain
B. Soft fork
C. Hard fork
D. Side chain

Answer: B

Explanation:
Asoft forkis a change to a blockchain protocol that is backward-compatible, meaning it does not result in the creation of a new chain and does not require all client nodes to upgrade. Nodes that do not upgrade can still participate in the network, although they may not have access to all new features introduced by the soft fork.
Key Details:
* Backward Compatibility: In a soft fork, updated nodes enforce the new rules, while non-updated nodes continue to follow the older protocol but remain part of the same blockchain. This contrasts with hard forks, where incompatibility leads to the creation of a new chain.
* Use Cases: Soft forks are commonly used to implement protocol upgrades or adjustments that do not fundamentally alter the structure of the blockchain, such as increasing block size limits or adding new features that are optional.
* Examples: An example of a soft fork is the Segregated Witness (SegWit) update on the Bitcoin blockchain, which was implemented to increase block capacity without splitting the chain.
Thus,B. Soft forkis the correct answer, as it refers to a backward-compatible update that does not require a new chain or mandatory upgrades from all nodes.

NEW QUESTION # 29
______is a computer program that runs stop a blockchain and embedded within it are governance and business logic rules

A. DAC
B. DaS
C. DAO
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 # 30
Self-executing computer programs which facilitate transaction automation and eliminates the need for intermediaries are called what?

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

Answer: C

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 # 31
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HOT AUTHORIZED 312-82 TEST DUMPS - EC-COUNCIL EC-COUNCIL BLOCKCHAIN FINTECH CERTIFICATIONB|FC EXAM - TRUSTABLE NEW 312-82 TEST ONLINE

HOT Authorized 312-82 Test Dumps - EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam - Trustable New 312-82 Test Online