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EC-COUNCIL 312-82 Latest Study Guide | Exam 312-82 Objectives Pdf

EC-COUNCIL 312-82 is one of the important certification exams. Pass4cram's experienced IT experts through their extensive experience and professional IT expertise have come up with IT certification exam study materials to help people pass EC-COUNCIL Certification 312-82 Exam successfully. Pass4cram's providing learning materials can not only help you 100% pass the exam, but also provide you a free one-year update service.

EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic
Details

Topic 1

Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.

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

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 4

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 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

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 7

Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.

Topic 8

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 9

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.

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q19-Q24):

NEW QUESTION # 19
________are computer programs which facilitate transaction automation and eliminates the need for intermediaries

A. Blockchains
B. Ledgers
C. Distributed Ledgers
D. Smart contracts

Answer: D

Explanation:
Smart Contractsare self-executing programs that automate transactions and eliminate the need for intermediaries. They operate on blockchain networks and are coded to execute specific actions when predetermined conditions are met.
Key Details:
* Transaction Automation: Smart contracts automatically execute the terms of a contract once the agreed-upon conditions are fulfilled. This reduces manual processing and ensures transparency and trust between parties.
* Elimination of Intermediaries: By running on a decentralized network, smart contracts eliminate the need for third-party intermediaries, such as lawyers or notaries, reducing transaction costs and increasing efficiency.
* Application Across Industries: Smart contracts are used in various sectors, from finance and supply chain to insurance and real estate, due to their ability to enforce terms without human intervention.
Therefore,D. Smart contractsis the correct answer, as they facilitate automated transactions and remove the need for intermediaries.

NEW QUESTION # 20
These wallets use a this passphrase to derive the private key

A. Brain Wallets
B. Deterministic Wallets
C. Non-Deterministic Wallets
D. Hierarchical Deterministic Wallets

Answer: A

Explanation:
Brain Walletsderive private keys from a passphrase. This approach allows users to create a wallet by memorizing a unique phrase, which is then hashed to generate the corresponding private key.
Key Details:
* Use of Passphrases: Brain wallets use a passphrase that is entered by the user, typically a string of words that can be remembered easily. This passphrase is then converted into a private key using a cryptographic hash function.
* Security Concerns: While convenient, brain wallets are susceptible to brute-force attacks if the passphrase is not sufficiently complex. Simple or common phrases may be vulnerable to attackers who use lists of common phrases to derive potential private keys.
* Distinction from Deterministic Wallets: Unlike Hierarchical Deterministic Wallets, which use a seed phrase to generate a tree of keys, brain wallets derive a single private key directly from a passphrase.
In conclusion,B. Brain Walletsis the correct answer, as these wallets use a passphrase to generate the private key.

NEW QUESTION # 21
The Financial Action Task force defines virtual asset service providers as companies that (choose two):

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

Answer: A,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 # 22
What two types of transactions are there in Ethereum(pick z):

A. Contract
B. Message Call
C. Contract Creation
D. User

Answer: B,C

Explanation:
In Ethereum, there are two main types of transactions:Message CallandContract Creation. These transaction types enable Ethereum to support both the execution of contracts and interactions between accounts.
Key Details:
* Message Call Transactions: These transactions involve interactions between externally owned accounts (EOAs) or between EOAs and smart contracts. Message calls are used to transfer Ether or invoke functions within existing smart contracts.
* Contract Creation Transactions: This transaction type is used specifically to deploy new smart contracts on the Ethereum blockchain. During a contract creation transaction, the code for the new contract is included, which the network processes and stores at a unique address.
* Exclusion of User Transactions: While "User" refers to EOAs, it is not a type of transaction itself in Ethereum. Transactions in Ethereum are categorized based on their purpose - either calling an existing contract (Message Call) or creating a new one (Contract Creation).
Thus,C. Message CallandD. Contract Creationare the correct answers, as they represent the two main transaction types in Ethereum.

NEW QUESTION # 23
What type of DApp allows every participant to remain totally anonymous?

A. Fully anonymous DApp
B. Reputation based DApp
C. TypeI
D. Type II

Answer: A

Explanation:
AFully Anonymous DAppis a decentralized application that is designed to maintain complete anonymity for all participants. These DApps do not require user identity verification, and interactions are carried out in a manner that does not reveal personal information. Fully anonymous DApps are particularly popular in privacy- focused blockchain ecosystems.
Key Details:
* Privacy and Anonymity: Fully anonymous DApps employ various privacy-preserving techniques, such as zero-knowledge proofs or ring signatures, to ensure that user transactions and interactions cannot be traced back to their identities.
* Use Cases: Fully anonymous DApps are often used in applications where privacy is paramount, such as private transactions, anonymous messaging, and confidential voting systems. By design, they prioritize user anonymity over other features.
* Comparison with Other DApp Types: While other DApp types might include some level of user identification or reputation systems, fully anonymous DApps offer total anonymity, making them ideal for users who require privacy at all levels of interaction.
Therefore,A. Fully anonymous DAppis the correct answer, as it describes a DApp that allows participants to remain completely anonymous.

NEW QUESTION # 24
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