FREE PDF 312-82 - EC-COUNCIL BLOCKCHAIN FINTECH CERTIFICATIONB|FC EXAM–TRUSTABLE PRACTICE EXAM FEE

Free PDF 312-82 - EC-Council Blockchain Fintech CertificationB|FC exam–Trustable Practice Exam Fee

Free PDF 312-82 - EC-Council Blockchain Fintech CertificationB|FC exam–Trustable Practice Exam Fee

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Tags: 312-82 Practice Exam Fee, 312-82 Latest Exam Review, Simulated 312-82 Test, 312-82 Valid Test Braindumps, 312-82 Valid Examcollection

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EC-COUNCIL 312-82 Exam Syllabus Topics:

TopicDetails
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 (copyright).
Topic 2
  • Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
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
  • 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 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
  • 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 7
  • 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 8
  • 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 9
  • Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
Topic 10
  • 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.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q33-Q38):

NEW QUESTION # 33
When using __________ the chain of ownership is established by a chain of digital signatures as each owner signs when transferring ownership.

  • A. UTXO
  • B. PoET
  • C. ETHASH
  • D. NFTS

Answer: A

Explanation:
The UTXO (Unspent Transaction Output) model establishes a chain of ownership by using digital signatures.
In this model, each transaction consists of inputs (from previous UTXOs) and outputs (new UTXOs), and ownership is transferred by the current owner signing the transaction. This digital signature is then verified by the recipient, ensuring a secure and traceable chain of ownership.
Key Details:
Functionality of UTXO: UTXO is a fundamental part of Bitcoin's transaction model. When a transaction occurs, it consumes previous outputs as inputs, generating new UTXOs. Each UTXO can only be spent once, and ownership is verified through cryptographic signatures.
Chain of Ownership: The UTXO model inherently creates a clear and verifiable chain of ownership, as each output is signed by the current owner and used as input for future transactions, maintaining a continuous and transparent record of asset transfers.
Security through Digital Signatures: UTXO-based transactions rely on digital signatures to authenticate and authorize asset transfers, ensuring that only the rightful owner can initiate a transaction.
Thus, D. UTXO is the correct answer, as it accurately describes the model where ownership is established through a chain of digital signatures.


NEW QUESTION # 34
The Financial Action Task force defines virtual asset service providers as companies that (choose two):

  • A. Purchase virtual currency
  • B. Transfer virtual assets
  • C. Exchange virtual assets for fiat currency
  • D. Sell products for virtualcurrency

Answer: B,C

Explanation:
According to theFinancial Action Task Force (FATF),Virtual Asset Service Providers (VASPs)are entities or companies that facilitate activities related to virtual assets. Specifically, VASPs include businesses thatexchange virtual assets for fiat currencyandtransfer virtual assets. These activities are regulated to prevent money laundering, terrorist financing, and other illicit activities.
Key Details:
* Exchange of Virtual Assets for Fiat Currency: VASPs often act as intermediaries that enable the conversion between virtual assets (like cryptocurrencies) and traditional fiat currencies. This function is central to enabling liquidity and usability of cryptocurrencies within the traditional financial system.
* Transfer of Virtual Assets: VASPs may also provide services that involve the transfer of virtual assets from one user to another, which includes activities such as facilitating peer-to-peer transactions, wallet services, or custodial services.
* FATF Standards and Compliance: The FATF has established guidelines for VASPs to enhance transparency and ensure compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
Thus, the correct answers areC. Exchange virtual assets for fiat currencyandD. Transfer virtual assets, as these are the core activities defined for VASPs by the FATF.


NEW QUESTION # 35
Distributed ledger technology or DLT is a word used to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly.

  • A. Consensus Mechanisms
  • B. copyright
  • C. Distributed Ledger Technology
  • D. Blockchain

Answer: C

Explanation:
Distributed Ledger Technology (DLT)is the correct term used to describe technologies that store, distribute, and facilitate the exchange of value between users, either privately or publicly. DLT encompasses various types of systems, including blockchains, that operate in a decentralized manner to record and synchronize data across multiple locations.
Key Details:
* Definition of DLT: DLT is a digital ledger system that allows data to be stored across multiple nodes in a network. It ensures that all copies of the ledger are updated and synchronized, providing a secure and transparent way to record transactions without needing a centralized authority.
* DLT vs. Blockchain: While blockchain is a form of DLT, not all DLTs are blockchains. For example, Directed Acyclic Graphs (DAGs) and Hashgraphs are also types of DLTs but do not necessarily use blocks or chains to organize data.
* Private and Public Implementations: DLTs can be permissioned (private) or permissionless (public), enabling various use cases from enterprise solutions to decentralized public networks.
Therefore,B. Distributed Ledger Technologyis the correct answer, as it broadly defines the technology for storing and distributing data across decentralized networks.


NEW QUESTION # 36
What is the primary benefit to patients of blockchain in the healthcare are industry?

  • A. Improved medical outcomes
  • B. Reduced costs
  • C. Reduced wait times
  • D. Total control over personal health records

Answer: D

Explanation:
The primary benefit of blockchain in the healthcare industry for patients istotal control over personal health records. Blockchain enables secure, decentralized storage of health data, allowing patients to control access to their information and share it with healthcare providers as needed.
Key Details:
* Data Ownership and Privacy: Blockchain gives patients the ability to own and manage their health records. They can grant or revoke access to different healthcare providers, ensuring that only authorized personnel have access to their data.
* Improved Security: Health records stored on a blockchain are encrypted and decentralized, making them resistant to tampering and unauthorized access. This enhances patient privacy and reduces the risk of data breaches.
* Interoperability and Accessibility: Blockchain facilitates seamless sharing of health records across different healthcare providers and systems, improving coordination and care continuity without compromising data integrity.
Therefore,B. Total control over personal health recordsis the correct answer, as it represents a significant advantage for patients in managing their healthcare information securely.


NEW QUESTION # 37
What is the primary way blockchain could help in the food industry?

  • A. Making transaction ore transparent
  • B. Eliminating food born illness
  • C. Making transport safer
  • D. Streamlining management

Answer: A

Explanation:
Blockchain can greatly benefit the food industry bymaking transactions more transparent. By recording each transaction in an immutable ledger, blockchain enables traceability, which is crucial for food safety, quality control, and ensuring that products meet regulatory standards.
Key Details:
* Traceability: Blockchain allows for the tracking of food products from farm to table. Each step in the supply chain can be recorded on the blockchain, providing consumers and regulators with transparent information about the origin and journey of food products.
* Improving Trust and Safety: With transparent transactions, stakeholders can quickly identify and address issues such as contamination, fraud, or mislabeling, which enhances food safety and consumer trust.
* Enhanced Efficiency: By reducing paperwork and enabling digital record-keeping, blockchain streamlines the process of verifying and sharing information about food products across various parties.
Thus,C. Making transactions more transparentis the correct answer, as it highlights blockchain's role in providing transparency in the food industry.


NEW QUESTION # 38
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