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312-82 Certification Questions & 312-82 Test Quiz
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You will need to pass the EC-Council Blockchain Fintech CertificationB|FC exam (312-82) exam to achieve the EC-Council Blockchain Fintech CertificationB|FC exam (312-82) certification. Due to extremely high competition, passing the EC-COUNCIL 312-82 exam is not easy; however, possible. You can use 2Pass4sure products to pass the 312-82 Exam on the first attempt. The EC-Council Blockchain Fintech CertificationB|FC exam (312-82) practice exam gives you confidence and helps you understand the criteria of the testing authority and pass the EC-COUNCIL 312-82 exam on the first attempt.
EC-COUNCIL 312-82 Exam Syllabus Topics:
Topic
Details
Topic 1
- 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 2
- 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 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
- 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 5
- Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
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
- 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 8
- 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.
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312-82 Test Quiz & 312-82 Reliable Dumps Ppt
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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q37-Q42):
NEW QUESTION # 37
How many bitcoin are available?
- A. 21 million
- B. It increases each year
- C. 1 million
- D. It fluctuates with demand
Answer: A
Explanation:
Bitcoin has a fixed supply limit of21 millioncoins, as defined by its protocol. This cap is coded into Bitcoin's original protocol and cannot be altered without a consensus change, ensuring its scarcity and value proposition as a "digital gold." Key Details:
* Fixed Supply: Bitcoin's supply limit is integral to its design, as it imposes a hard cap on the total number of coins that can ever be mined. This limited supply is one of the factors that gives Bitcoin its deflationary nature and potential as a store of value.
* Mining Schedule: New Bitcoins are released into circulation through mining rewards, which halve approximately every four years (in an event known as the "halving"). This gradually reduces the issuance rate until the maximum supply is reached around the year 2140.
* Difference from Other Cryptocurrencies: Unlike some cryptocurrencies that have flexible or inflationary supply models, Bitcoin's finite supply is a distinguishing feature that appeals to those concerned with long-term value preservation.
Therefore,D. 21 millionis the correct answer, as it accurately reflects the total number of Bitcoin that will ever exist.
NEW QUESTION # 38
According to a study be Deloitte, which of the following are benefits of blockchain for the insurance industry (pick two)?
- A. Comprehensive interoperable health records
- B. More efficient claims processing
- C. Supporting strategic initiatives
- D. Lower costs
Answer: B,D
Explanation:
According to studies conducted by Deloitte and other industry research, blockchain offers several benefits for the insurance industry, particularly inmore efficient claims processingandlower costs. Blockchain's capabilities in data immutability, transparency, and automation play key roles in streamlining insurance processes and reducing operational expenses.
Key Details:
* Efficient Claims Processing: Blockchain enables quicker verification and processing of claims by automating workflows through smart contracts. This reduces paperwork, minimizes errors, and speeds up the claims process, improving customer satisfaction.
* Lower Costs: By reducing intermediaries and leveraging automation, blockchain lowers administrative costs. It minimizes the need for manual verification and fraud detection, which traditionally consume significant resources in the insurance industry.
* Transparency and Fraud Reduction: Blockchain provides an immutable and transparent record of all transactions. This helps prevent fraud, as all stakeholders have access to the same data, reducing discrepancies and the need for extensive audits.
In conclusion,A. More efficient claims processingandD. Lower costsare the correct answers, as these are key benefits of blockchain for the insurance industry identified in Deloitte's research.
NEW QUESTION # 39
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. Cryptocurrency
- B. Distributed Ledger Technology
- C. Blockchain
- D. Consensus Mechanisms
Answer: B
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 # 40
The Financial Action Task force defines virtual asset service providers as companies that (choose two):
- A. Transfer virtual assets
- B. Exchange virtual assets for fiat currency
- C. Purchase virtual currency
- D. Sell products for virtualcurrency
Answer: A,B
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 # 41
What is the term for the smallest subunit in Ether.
- A. Gas
- B. Bitcoin
- C. Wie
- D. ETH
Answer: C
Explanation:
The smallest subunit of Ether is called aWei. Ether (ETH) is divided into several subunits for precision in transactions, with Wei being the smallest, equivalent to 10#1810
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