EC-COUNCIL BLOCKCHAIN FINTECH CERTIFICATIONB|FC EXAM STUDY MATERIAL & 312-82 TORRENT PDF & EC-COUNCIL BLOCKCHAIN FINTECH CERTIFICATIONB|FC EXAM TRAINING DUMPS

EC-Council Blockchain Fintech CertificationB|FC exam study material & 312-82 torrent pdf & EC-Council Blockchain Fintech CertificationB|FC exam training dumps

EC-Council Blockchain Fintech CertificationB|FC exam study material & 312-82 torrent pdf & EC-Council Blockchain Fintech CertificationB|FC exam training dumps

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EC-COUNCIL 312-82 Exam Syllabus Topics:

TopicDetails
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
  • 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 3
  • Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
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
  • 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 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.
Topic 7
  • Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
Topic 8
  • 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 9
  • 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 (Q32-Q37):

NEW QUESTION # 32
Ethereum uses_____ as Proof of Work (PoW) whereas Bitcoin uses____based PoW.

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

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 # 33
________can support up to 10-14 transactions per second.

  • A. Bitcoin
  • B. copyright
  • C. Ethereum
  • D. Zcash

Answer: C

Explanation:
Ethereumcurrently supports a transaction throughput of approximately10-14 transactions per second (TPS)
. This transaction speed is a result of Ethereum's design, which balances decentralization and security, albeit at the cost of scalability. This TPS rate is consistent across the Ethereum network prior to its upgrade to Ethereum 2.0, which aims to increase scalability through sharding and Proof of Stake.
Key Details:
* Limitations of Current Throughput: Ethereum's TPS rate is due to limitations in its consensus mechanism (formerly Proof of Work, now Proof of Stake) and block size, which prioritize security over transaction speed.
* Comparison with Other Networks: Bitcoin, for example, supports around 3-7 TPS, while other networks like Solana or copyright Smart Chain support significantly higher TPS. Ethereum's TPS may increase as Ethereum 2.0 is fully implemented, which aims to improve its scalability.
* Impact on Decentralized Applications (copyright): Ethereum's transaction capacity impacts copyright running on the network, as higher usage can lead to congestion and increased transaction fees(gas fees).
The upcoming upgrades are intended to alleviate these issues and enhance performance.
Therefore,D. Ethereumis the correct answer, as it supports approximately 10-14 TPS in its current form.


NEW QUESTION # 34
According to FinCEN what dictates the obligations of money transmitters?

  • A. The company stated mission
  • B. The business model
  • C. How the company advertises itself
  • D. The industry designation

Answer: B

Explanation:
According to theFinancial Crimes Enforcement Network (FinCEN), the obligations of money transmitters are determined primarily bythe business modelof the company. FinCEN regulations stipulate that companies engaged in money transmission services must comply with Anti-Money Laundering (AML) and Counter- Terrorism Financing (CTF) regulations, based on how they conduct their business rather than on their industry designation or self-description.
Key Details:
* Regulatory Basis: FinCEN's guidelines are focused on the activities of the business-specifically, whether it facilitates the transfer of money or currency on behalf of others. This regulatory approach ensures that companies involved in money transmission are subject to appropriate oversight, regardless of their industry.
* Activities Over Labels: Even if a company does not advertise itself as a money transmitter, it may still be subject to FinCEN regulations if its business operations fit the criteria for money transmission services.
* Compliance Requirements: Money transmitters must register with FinCEN and implement AML/CTF measures to prevent illicit activities, aligning their compliance obligations with the nature of their operations.
Thus,C. The business modelis the correct answer, as FinCEN focuses on the activities a company performs when determining regulatory obligations.


NEW QUESTION # 35
_________is a blockchain based predictions market that uses the Ethereum blockchain.

  • A. STEEM
  • B. DASH
  • C. Augur
  • D. IBM Blockchain

Answer: C

Explanation:
Auguris a decentralized, blockchain-based predictions market built on the Ethereum network. It enables users to create and participate in markets based on the outcome of real-world events, using smart contracts to automate the process and secure transactions.
Key Details:
* Ethereum-Based: Augur utilizes the Ethereum blockchain to facilitate the creation and settlement of prediction markets. It leverages Ethereum's smart contracts to ensure transparency, immutability, and trustless interactions.
* Decentralized Prediction Market: In Augur, users can bet on the outcome of various events, ranging from sports to elections. The decentralized nature of the platform ensures that no central authority controls the markets, providing a level of censorship resistance.
* Token Usage: Augur uses a token called REP (Reputation) that holders use to report and dispute outcomes of events on the platform. This ensures that the market outcomes are validated in a decentralized manner.
Thus,A. Auguris the correct answer, as it is a blockchain-based prediction market built on Ethereum.


NEW QUESTION # 36
A________ is a blockchain where participants of the network are already known and trusted.

  • A. Hyperledger Fabric
  • B. Permission less ledger
  • C. Permissioned ledger
  • D. Smart contract

Answer: C

Explanation:
APermissioned ledgeris a blockchain where participants are known and trusted, and access to the network is restricted to authorized entities. Permissioned ledgers are commonly used in enterprise and consortium settings where privacy, compliance, and control over data are essential.
Key Details:
* Controlled Access: In a permissioned ledger, only pre-approved participants can validate transactions and participate in the consensus process. This model ensures that all network members are identified and trusted, which is ideal for environments requiring a higher level of control and privacy.
* Use Cases: Permissioned ledgers are widely used in industries such as finance, healthcare, and supply chain, where it's important to know and trust participants due to regulatory or operational needs.
* Contrast with Permissionless Ledgers: Unlike permissionless ledgers (such as Bitcoin), which allow anyone to join and participate in the network, permissioned ledgers restrict participation to entities that meet specific criteria.
Thus,A. Permissioned ledgeris the correct answer, as it describes a blockchain network where participants are known and trusted.


NEW QUESTION # 37
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