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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
Topic 5	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.
Topic 6	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 7	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 8	Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
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.
Topic 10	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.

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

NEW QUESTION # 16
According to Consensys, which of the following are benefits of blockchain for finance (pick two)?

A. Streamlined processes
B. Access to international markets
C. More reactive market
D. Faster claims processing

Answer: A,B

Explanation:
According to ConsenSys, blockchain offers various benefits for finance, includingstreamlined processesand access to international markets. These benefits enable financial institutions to operate more efficiently and expand their services globally.
Key Details:
* Streamlined Processes: Blockchain eliminates intermediaries, automates workflows through smart contracts, and reduces paperwork, resulting in faster and more efficient financial transactions and record-keeping.
* Access to International Markets: Blockchain facilitates cross-border transactions and reduces the barriers associated with currency exchange and international settlements, allowing financial institutions to expand their reach and provide services to a global audience.
* Operational Efficiency: By automating and digitizing various financial processes, blockchain reduces costs, enhances accuracy, and simplifies compliance, making it easier for financial institutions to operate internationally.
Therefore,C. Streamlined processesandD. Access to international marketsare the correct answers, as these align with the benefits of blockchain for finance according to ConsenSys.

NEW QUESTION # 17
_________is a blockchain based predictions market that uses the Ethereum blockchain.

A. DASH
B. STEEM
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 # 18
________can support up to 10-14 transactions per second.

A. Bitcoin
B. Ethereum
C. Zcash
D. Dapps

Answer: B

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 Binance 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 (DApps): Ethereum's transaction capacity impacts DApps 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 # 19
What is a DEX

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

Answer: D

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 Uniswap, SushiSwap, and PancakeSwap, which are commonly built on blockchain networks like Ethereum and Binance 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 cryptocurrency directly.

NEW QUESTION # 20
A Type II DAPP is categorized by its______

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

Answer: C

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 # 21
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New 312-82 Test Online & 312-82 Dumps Collection

EC-COUNCIL 312-82 Exam Syllabus Topics:

312-82 Dumps Collection & Reliable 312-82 Test Tutorial

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

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