Reliable 312-82 Test Guide High Hit Rate Questions Pool Only at Prep4King
Reliable 312-82 Test Guide High Hit Rate Questions Pool Only at Prep4King
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Tags: Reliable 312-82 Test Guide, 312-82 Practice Tests, New 312-82 Exam Online, 312-82 Reliable Test Online, Pass 312-82 Test Guide
If we want to survive in this competitive world, we need a comprehensive development plan to adapt to the requirement of modern enterprises. We sincerely recommend our 312-82 preparation exam for our years’ dedication and quality assurance will give you a helping hand on the 312-82 Exam. There are so many advantages of our 312-82 study materials you should spare some time to get to know. Just have a try and you will love our 312-82 exam questions.
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>> Reliable 312-82 Test Guide <<
2025 Reliable 312-82 Test Guide | Authoritative 100% Free EC-Council Blockchain Fintech CertificationB|FC exam Practice Tests
The development of science and technology makes our life more comfortable and convenient, which also brings us more challenges. Many company requests candidates not only have work experiences, but also some professional certifications. Therefore it is necessary to get a professional 312-82 Certification to pave the way for a better future. Considered many of the candidates are too busy to review, our experts designed the 312-82 question dumps in accord with actual examination questions, which would help you pass the exam with high proficiency.
EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q25-Q30):
NEW QUESTION # 25
A____does not result in a new chain and does not require client nodes to upgrade.
- A. Soft fork
- B. Dependent chain
- C. Side chain
- D. Hard fork
Answer: A
Explanation:
Asoft forkis a change to a blockchain protocol that is backward-compatible, meaning it does not result in the creation of a new chain and does not require all client nodes to upgrade. Nodes that do not upgrade can still participate in the network, although they may not have access to all new features introduced by the soft fork.
Key Details:
* Backward Compatibility: In a soft fork, updated nodes enforce the new rules, while non-updated nodes continue to follow the older protocol but remain part of the same blockchain. This contrasts with hard forks, where incompatibility leads to the creation of a new chain.
* Use Cases: Soft forks are commonly used to implement protocol upgrades or adjustments that do not fundamentally alter the structure of the blockchain, such as increasing block size limits or adding new features that are optional.
* Examples: An example of a soft fork is the Segregated Witness (SegWit) update on the Bitcoin blockchain, which was implemented to increase block capacity without splitting the chain.
Thus,B. Soft forkis the correct answer, as it refers to a backward-compatible update that does not require a new chain or mandatory upgrades from all nodes.
NEW QUESTION # 26
Proof of work algorithms are best described as being used for what?
- A. Bitcoin mining
- B. Proof that adequate computational resources have been sent.
- C. Executing transactions
- D. Proving the user has invested enough in the system
Answer: B
Explanation:
Proof of Work (PoW)algorithms are primarily used to demonstrate that sufficient computational resources have been expended by a participant to validate transactions and add them to the blockchain. In PoW, miners compete to solve a cryptographic puzzle, which requires significant computational power. This effort helps secure the network by making it prohibitively expensive for any individual or group to alter the blockchain's history.
Key Details:
* Mechanism of PoW: The essence of PoW is to prove that a certain amount of computational work has been performed. This "work" is measured by the effort miners invest in solving the cryptographic puzzle. The process requires miners to find a nonce that, when hashed with the block's data, results in a hash that meets the network's difficulty requirements.
* Security and Integrity: By proving computational work, PoW ensures that miners cannot simply fabricate or alter transactions without a significant investment of resources. This mechanism deters attacks and makes blockchain networks resistant to tampering and double-spending.
* Association with Bitcoin Mining: Although PoW is often associated with Bitcoin mining (as miners expend computational resources to validate and record transactions), its broader purpose is to establish a cost for participation in the network, ensuring that all entries to the blockchain are trustworthy and secure.
Therefore, PoW is best described as a mechanism for proving that adequate computational resources have been expended, aligning with the correct answer B.
NEW QUESTION # 27
According to FinCEN what dictates the obligations of money transmitters?
- A. The company stated mission
- B. How the company advertises itself
- C. The business model
- D. The industry designation
Answer: C
Explanation:
According to theFinancial Crimes Enforcement Network (FinCEN), the obligations of money transmitters are determined primarily bythe business modelof the company. FinCEN regulations stipulate that companies engaged in money transmission services must comply with Anti-Money Laundering (AML) and Counter- Terrorism Financing (CTF) regulations, based on how they conduct their business rather than on their industry designation or self-description.
Key Details:
* Regulatory Basis: FinCEN's guidelines are focused on the activities of the business-specifically, whether it facilitates the transfer of money or currency on behalf of others. This regulatory approach ensures that companies involved in money transmission are subject to appropriate oversight, regardless of their industry.
* Activities Over Labels: Even if a company does not advertise itself as a money transmitter, it may still be subject to FinCEN regulations if its business operations fit the criteria for money transmission services.
* Compliance Requirements: Money transmitters must register with FinCEN and implement AML/CTF measures to prevent illicit activities, aligning their compliance obligations with the nature of their operations.
Thus,C. The business modelis the correct answer, as FinCEN focuses on the activities a company performs when determining regulatory obligations.
NEW QUESTION # 28
_______implements the interledger protocol, which facilitates interoperability across different distributed and non-distributed ledger networks.
- A. Cello
- B. Quit
- C. Composer
- D. Caliper
Answer: B
Explanation:
The answer is(C) Quilt.
Hyperledger Quilt is a Java implementation of the Interledger Protocol (ILP). ILP is designed to transfer value across different ledgers, whether they are distributed ledgers (like blockchains) or traditional non-distributed ledgers.
Here's why the other options aren't the best fit:
* Composer:Hyperledger Composer was a tool for building blockchain applications, but it has been deprecated.
* Cello:Hyperledger Cello aims to provide a modular blockchain platform, making it easier to deploy and manage blockchain networks.
* Caliper:Hyperledger Caliper is a benchmarking tool used to measure the performance of different blockchain implementations.
Quilt's primary function is to enable interoperability between different ledger systems, which is crucial for the broader adoption and integration of blockchain technology.
NEW QUESTION # 29
_________is a blockchain based predictions market that uses the Ethereum blockchain.
- A. Augur
- B. IBM Blockchain
- C. DASH
- D. STEEM
Answer: A
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 # 30
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