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312-82 Dumps Collection: EC-Council Blockchain Fintech CertificationB|FC exam & 312-82 Test Cram & 312-82 Study Materials

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic
Details

Topic 1

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

Topic 2

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 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

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 5

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 6

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 7

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 8

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.

Topic 9

Decentralized Applications (dApps): This final section examines the skills of software developers in creating decentralized applications (dApps). It discusses the design, development, and deployment of dApps and their potential to revolutionize traditional business models by offering more secure, transparent, and efficient solutions.

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Valid 312-82 Test Papers & 312-82 Certification Practice

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q31-Q36):

NEW QUESTION # 31
These wallets use a this passphrase to derive the private key

A. Brain Wallets
B. Deterministic Wallets
C. Hierarchical Deterministic Wallets
D. Non-Deterministic Wallets

Answer: A

Explanation:
Brain Walletsderive private keys from a passphrase. This approach allows users to create a wallet by memorizing a unique phrase, which is then hashed to generate the corresponding private key.
Key Details:
* Use of Passphrases: Brain wallets use a passphrase that is entered by the user, typically a string of words that can be remembered easily. This passphrase is then converted into a private key using a cryptographic hash function.
* Security Concerns: While convenient, brain wallets are susceptible to brute-force attacks if the passphrase is not sufficiently complex. Simple or common phrases may be vulnerable to attackers who use lists of common phrases to derive potential private keys.
* Distinction from Deterministic Wallets: Unlike Hierarchical Deterministic Wallets, which use a seed phrase to generate a tree of keys, brain wallets derive a single private key directly from a passphrase.
In conclusion,B. Brain Walletsis the correct answer, as these wallets use a passphrase to generate the private key.

NEW QUESTION # 32
_______is a word use to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly

A. Ledger
B. DAO
C. Blockchain
D. DLT

Answer: D

Explanation:
Distributed Ledger Technology (DLT)is a broad term used to describe technologies that store, distribute, and facilitate the exchange of value between users, either privately or publicly. DLTencompasses various types of ledgers, including blockchains, where data is replicated, shared, and synchronized across a distributed network.
Key Details:
* Definition and Scope: DLT refers to a digital system for recording transactions across multiple locations simultaneously. It allows for decentralized data management and reduces the need for a central authority to maintain a ledger.
* Private and Public Ledgers: DLT can be implemented in both private (permissioned) and public (permissionless) networks. In public DLT, anyone can participate, while private DLT restricts access to authorized participants only.
* Examples of DLT: Blockchain is one form of DLT, but other types include Directed Acyclic Graphs (DAGs) and Hashgraph. Each of these has unique mechanisms for data storage and consensus.
Therefore,C. DLTis the correct answer, as it is the term that broadly covers technologies used for the exchange and storage of value in distributed systems.

NEW QUESTION # 33
Ethereum uses_____ as Proof of Work (PoW) whereas Bitcoin uses____based PoW.

A. ETHASH SHA-256
B. SHAZ56 ETHASH
C. PoW PoB
D. PoB BoW

Answer: A

Explanation:
Ethereum uses Ethashas its Proof of Work (PoW) algorithm, whileBitcoin uses SHA-256for its PoW algorithm. Both are used to secure their respective networks, but they differ in terms of computational complexity and memory requirements.
Key Details:
* Ethash (Ethereum): Ethash is a memory-hard hashing algorithm designed to be resistant to ASIC mining, favoring GPU miners instead. It requires substantial memory, which helps to ensure a higher degree of decentralization.
* SHA-256 (Bitcoin): Bitcoin's SHA-256 is a highly secure hashing algorithm that supports ASIC mining. It is computationally intensive but less memory-demanding compared to Ethash.
* Purpose in PoW: Both algorithms enable miners to validate transactions and secure the network by solving complex puzzles. Ethash's design helps Ethereum maintain a decentralized network, whereas SHA-256 allows Bitcoin to achieve high levels of security with specialized mining equipment.
Therefore,D. ETHASH SHA-256is the correct answer, as these are the specific PoW algorithms used by Ethereum and Bitcoin, respectively.

NEW QUESTION # 34
______is designed to allow easy deployment of bloodchains.

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

Answer: C

Explanation:
Hyperledger Cellois designed to facilitate the deployment and management of blockchain networks. It provides an easy-to-use framework for creating, managing, and scaling blockchain networks, making it suitable for rapid deployment and operation. Although the term "bloodchains" might be a typo or intended for
"blockchains," Cello indeed simplifies the blockchain setup process for various applications.
Key Details:
* Deployment and Management: Cello offers a suite of tools that automates blockchain deployment, operation, and monitoring, making it accessible for businesses looking to adopt blockchain technology with minimal effort.
* Modular Approach: It supports various blockchain frameworks, including Hyperledger Fabric, and is aimed at reducing the complexity involved in blockchain management.
* Use Cases: Hyperledger Cello is useful for enterprise blockchain applications, as it allows administrators to manage blockchain networks with tools that support configuration, monitoring, and scaling.
Thus,B. Cellois the correct answer, as it simplifies blockchain deployment and management.

NEW QUESTION # 35
______is intended to provide a foundation for the development of blockchain solutions with a modular architecture.

A. Sawtooth
B. Hyperledger Composer
C. FABRIC
D. IROHA

Answer: C

Explanation:
Hyperledger Fabricis designed to provide a foundation for developing blockchain solutions with a modular architecture. Fabric, a project under the Hyperledger umbrella by the Linux Foundation, offers flexibility through its pluggable components, enabling enterprises to tailor blockchain networks according to their specific requirements.
Key Details:
* Modular Architecture: Hyperledger Fabric supports modular plug-ins for various functions, including consensus, identity management, and privacy settings. This allows organizations to customize the blockchain to suit their operational needs.
* Permissioned Network: Fabric is a permissioned blockchain, meaning that it restricts network participation to authorized entities, which is ideal for enterprise use cases that require confidentiality and controlled access.
* Enterprise-Grade Features: Fabric's architecture is well-suited for complex business processes, providing features like private data collections, which allow subsets of participants to create private channels for transactions.
Thus,B. FABRICis the correct answer, as it is specifically developed to support modular, enterprise-grade blockchain solutions.

NEW QUESTION # 36
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