EC-COUNCIL 312-82 Exam Experience - Passing 312-82 Score Feedback

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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic	Details
Topic 1	Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
Topic 2	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 3	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 4	Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
Topic 5	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 6	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 7	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.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q35-Q40):

NEW QUESTION # 35
The Financial Action Task force defines virtual asset service providers as companies that (choose two):

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

Answer: B,D

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 # 36
______is designed to allow easy deployment of bloodchains.

A. Quit
B. Cello
C. Composer
D. Caliper

Answer: B

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 # 37
A________in a new chain and requires clients to upgrade in order to participate on the new blockchain.

A. Hard fork
B. Sharding
C. Soft fork
D. Sub chain

Answer: A

Explanation:
Ahard forkoccurs when there is a fundamental change in a blockchain's protocol, resulting in the creation of a new chain that is incompatible with the previous one. After a hard fork, nodes must upgrade to the new version of the blockchain's software to continue participating in the network. A hard fork can be used to implement new features, fix security issues, or change core aspects of the blockchain.
Key Details:
* Differences from Soft Forks: Unlike a soft fork, which is backward-compatible and allows nodes on the previous version to still participate, a hard fork splits the blockchain into two distinct paths, with the upgraded path requiring new software.
* Examples: Notable hard forks include Bitcoin Cash from Bitcoin and Ethereum Classic from Ethereum. These forks occurred due to disagreements within the community on how to handle certain protocol changes, leading to the creation of separate blockchains.
* Upgrade Requirements: Participants on the blockchain who wish to continue on the new chain after a hard fork must update their software. Those who do not upgrade remain on the original chain, which continues as a separate, incompatible blockchain.
Thus, the correct answer isHard fork (A), as it directly refers to a blockchain split that requires client upgrades for participation.

NEW QUESTION # 38
How many bitcoin are available?

A. It increases each year
B. 21 million
C. It fluctuates with demand
D. 1 million

Answer: B

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 # 39
A Type II DAPP is categorized by its______

A. Using the protocol of a type II DApp
B. Using the block chain of a type I but not the protocol
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 # 40
......

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EC-COUNCIL 312-82 Exam Experience - Passing 312-82 Score Feedback

100% Pass 2025 312-82: EC-Council Blockchain Fintech CertificationB|FC exam –High Hit-Rate Exam Experience

EC-COUNCIL 312-82 Exam Syllabus Topics:

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q35-Q40):

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