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Pass Guaranteed EC-COUNCIL - Fantastic Latest 312-82 Test Materials

The third and last format is the 312-82 desktop practice exam software form that can be used without an active internet connection. This software works offline on the Windows operating system. The practice exams benefit your preparation because you can attempt them multiple times to improve yourself for the EC-Council Blockchain Fintech CertificationB|FC exam Professional-Cloud-Developercertification test. Our 312-82 Exam Dumps are customizable, so you can set the time and questions according to your needs.

EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic
Details

Topic 1

Ethereum: This part of the exam evaluates the expertise of blockchain developers and IT professionals in Ethereum, the leading platform for decentralized applications (dApps).

Topic 2

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 3

Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.

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

Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.

Topic 6

Bitcoin: This module zeroes in on Bitcoin, the first and most prominent cryptocurrency. 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 7

Blockchain’s Cryptocurrency Assets: This segment tests the proficiency of professionals like cryptocurrency traders in the area of cryptocurrency 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.

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q16-Q21):

NEW QUESTION # 16
A Type II DAPP is categorized by its______

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

Answer: A

Explanation:
AType II DAppis a decentralized application that uses both the blockchain and protocol of aType I DApp.
Type I DApps are the foundational blockchain-based platforms, such as Ethereum, that operate with their own blockchain. Type II DApps build on these platforms, using the existing blockchain and protocol, but offering specific functionalities or services.
Key Details:
* Type I DApps: 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 DApps: Type II DApps leverage the infrastructure of Type I DApps 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 DApps 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 DApps.

NEW QUESTION # 17
Which of the following are benefits of blockchain for financial services according to IBM ''Blockchain for Financial Services''?

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

Answer: B,C

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 # 18
__________ is the process of converting rights to an asset into a digital representation on a blockchain.

A. Proof of Work
B. Proof of Stake
C. Cryptomining
D. Tekenization

Answer: D

Explanation:
Tokenizationis the process of converting rights to an asset into a digital representation on a blockchain. This process allows assets like real estate, art, or securities to be represented as digital tokens that can be traded or transferred on a blockchain.
Key Details:
* Digital Representation of Assets: Tokenization involves creating digital tokens on a blockchain that represent ownership or rights to a real-world asset. These tokens can be transferred and traded much like traditional assets.
* Advantages of Tokenization: By enabling fractional ownership, tokenization lowers barriers to investment and improves liquidity. It also provides transparency and traceability in asset transactions.
* Use Cases: Tokenization is widely used in real estate, art, and securities, as it facilitates easy transfer, enhances liquidity, and enables global access to traditionally illiquid assets.
Thus,D. Tokenizationis the correct answer, as it describes the process of converting asset rights into a digital form on a blockchain.

NEW QUESTION # 19
Which of the following are likely use cases for blockchain in the energy industry? (Select two.)

A. Energy trading
B. Smart power grids
C. Safety in energy transport
D. Safety in energy production

Answer: A,B

Explanation:
Blockchain technology has significant potential in the energy industry, particularly inenergy tradingand smart power grids. By providing a transparent, decentralized, and secure platform for transactions, blockchain can facilitate peer-to-peer energy trading and improve the efficiency and reliability of smart grids.
Key Details:
* Energy Trading: Blockchain enables peer-to-peer energy trading where individuals and companies can buy and sell excess energy (such as solar or wind power) directly to each other. This decentralized model reduces the need for intermediaries and allows consumers to benefit from direct energy sales and purchases.
* Smart Power Grids: Blockchain can enhance smart grid systems by enabling real-time data sharing and automated decision-making. With blockchain, smart grids can securely record and share data related to energy production, consumption, and storage, thereby improving grid management, reducing waste, and optimizing energy distribution.
* Enhanced Transparency and Security: By recording all transactions in an immutable ledger, blockchain ensures transparency and security, reducing the risks of fraud and discrepancies in the energy market. This is especially beneficial in energy trading where trust and accurate record-keeping are essential.
Thus,Energy trading (B)andSmart power grids (D)are the most likely use cases for blockchain in the energy industry.

NEW QUESTION # 20
______is a computer program that runs stop a blockchain and embedded within it are governance and business logic rules

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

Answer: B

Explanation:
Decentralized Applications (Dapps)are applications that run on a blockchain network and include embedded governance and business logic rules. Unlike traditional applications, Dapps 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 Dapps: Dapps 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 Dapps 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: Dapps 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,Dapps (A)is the correct answer as it refers to computer programs running on a blockchain with embedded governance and business logic rules.

NEW QUESTION # 21
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