312-82 Complete Exam Dumps - Valid 312-82 Exam Objectives

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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 5	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 6	Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
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.

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q26-Q31):

NEW QUESTION # 26
The right to publish a new block is determined by ________

A. Nod's current investment in the blockchain
B. Transaction history
C. Nodes proof of work
D. Position in the blockchain

Answer: C

Explanation:
The right to publish a new block is commonly determined byProof of Work (PoW)in blockchain networks like Bitcoin. In PoW, network nodes, known as miners, compete to solve a cryptographic puzzle. The first node to successfully solve it gains the right to add a new block to the blockchain.
Key Details:
* Proof of Work Mechanism: Miners perform computational work to solve a hash puzzle, which proves that they have expended effort. This process ensures that blocks are added in a way that is resistant to tampering and fraud.
* Reward System: The miner who successfully publishes a new block receives a block reward (in Bitcoin, for example), incentivizing miners to participate in maintaining the blockchain network's security.
* Alternative Mechanisms: Other consensus mechanisms, such as Proof of Stake (PoS), do not rely on computational work but rather on a node's stake or investment in the blockchain. However, in the context of traditional blockchain models like Bitcoin, PoW is the primary method for determining block publication rights.
Therefore,A. Nodes proof of workis the correct answer, as PoW is the standard method by which nodes earn the right to publish new blocks in many blockchain networks.

NEW QUESTION # 27
______is designed to allow easy deployment of bloodchains.

A. Composer
B. Quit
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 # 28
________can support up to 10-14 transactions per second.

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

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 # 29
Is a Microsoft blockchain development platform that allows the creation of custom private blockchains.

A. Corda
B. Fabric
C. Azure
D. Sratis

Answer: C

Explanation:
MicrosoftAzureis a blockchain development platform that enables the creation of custom private blockchains.
Azure Blockchain Service provides tools and services that allow organizations to set up and manage consortium blockchain networks, customize smart contracts, and create tailored blockchain applications.
Azure supports multiple blockchain frameworks, includingEthereumandHyperledger Fabric, making it versatile for both private and public network needs.
Key Details:
* Azure Blockchain Service: This service facilitates the deployment of managed blockchain networks on the cloud, leveraging Azure's infrastructure to deliver scalability, security, and reliability for private and consortium blockchain applications.
* Private Blockchain Capabilities: As a private blockchain service, Azure allows businesses to operate their blockchain in a controlled, permissioned environment. This offers greater control over data and participants, making it ideal for enterprise use cases like supply chain management, finance, and legal contracts.
* Blockchain Framework Compatibility: Although Azure supports a variety of blockchain protocols, it primarily focuses on private blockchain deployments, allowing for detailed control over network participants and data visibility.
In summary, Microsoft Azure stands out as a flexible and comprehensive platform for private blockchain development, catering to enterprises with tailored solutions and extensive cloud-based services.

NEW QUESTION # 30
________is used to split up the tasks into multiple chunks that are then processed by multiple nodes.

A. Partitioning
B. Parsing
C. Fragmenting
D. Sharding

Answer: D

Explanation:
Shardingis a scalability technique that splits tasks or data into smaller, more manageable pieces called
"shards." These shards are then processed in parallel by multiple nodes in a network. By dividing the workload, sharding can significantly enhance the efficiency and speed of blockchain networks, which is especially beneficial for handling large transaction volumes and complex computations.
Key Details:
* Purpose of Sharding: The main goal of sharding is to address blockchain scalability issues. By enabling the network to process transactions and data in parallel, it reduces the load on individual nodes, thus increasing the overall throughput of the blockchain.
* How Sharding Works: In a sharded blockchain, each node only needs to process a portion of the total data rather than every single transaction on the network. Each shard is responsible for a subset of data and transactions, and only nodes within a particular shard need to validate its transactions.
* Relevance in Blockchain: Sharding is crucial in large-scale blockchain networks like Ethereum, where high transaction volumes can lead to congestion. Ethereum 2.0, for example, incorporates sharding as a core feature to improve its scalability and transaction processing capacity.
Sharding is, therefore, the correct answer, as it directly refers to the method of dividing tasks for parallel processing in a distributed environment.

NEW QUESTION # 31
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312-82 COMPLETE EXAM DUMPS - VALID 312-82 EXAM OBJECTIVES

312-82 Complete Exam Dumps - Valid 312-82 Exam Objectives