EC-COUNCIL 312-82 Exam | 312-82 Exam Duration - Free PDF of Reliable 312-82 Exam Blueprint Products
EC-COUNCIL 312-82 Exam | 312-82 Exam Duration - Free PDF of Reliable 312-82 Exam Blueprint Products
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EC-COUNCIL 312-82 Exam Syllabus Topics:
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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q46-Q51):
NEW QUESTION # 46
What is a DEX
- A. A Decentralized finance app or DApp
- B. A decentralized exchanged that allows users to exchange copyright directly
- C. A distributed exchange that covers multiple nationalities
- D. A copyright exchange such as copyright
Answer: B
Explanation:
ADecentralized Exchange (DEX)is a platform that allows users to trade cryptocurrencies directly with one another without the need for a central intermediary or custodian. On a DEX, trades are facilitated using smart contracts on a blockchain, which automate transactions and ensure transparency. This decentralized model allows for peer-to-peer trading, often providing users with greater privacy and control over their funds compared to centralized exchanges.
Key Details:
* Functionality of DEXs: DEXs enable users to connect their wallets and trade assets directly from their accounts. There is no central authority controlling the funds, reducing the risk of hacks and giving users full control over their private keys.
* Examples of DEXs: Popular DEXs include copyright, SushiSwap, and PancakeSwap, which are commonly built on blockchain networks like Ethereum and copyright Smart Chain. These platforms operate through automated market makers (AMMs) or order book systems, which facilitate trading without centralized management.
* Comparison with Centralized Exchanges (CEXs): Unlike centralized exchanges, which act as intermediaries and hold user funds, DEXs do not hold custody of funds. This reduces the risk of theft and enables users to trade directly from their wallets.
Therefore, the correct answer isC. A decentralized exchange that allows users to exchange copyright directly.
NEW QUESTION # 47
A____does not result in a new chain and does not require client nodes to upgrade.
- A. Dependent chain
- B. Hard fork
- C. Soft fork
- D. Side chain
Answer: C
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 # 48
What is a utility cryplet?
- A. A part of IBM Hyperledger Fabric Bletchley that is used to provide basic services such as encryption and basic data fetching from external sources.
- B. A part of Microsoft Azure Bletchley that is used to provide basic services such as encryption and basic data fetching from external sources.
- C. A part of IBM Hyperledger Fabric that is created automatically when a smart contract is created on the chain and resides off the chain.
- D. A part of Microsoft Azure Bletchley that is created automatically when a smart contract is created on the chain and resides of the chain.
Answer: B
Explanation:
Autility crypletis a component of Microsoft Azure Bletchley that provides essential services, such as encryption and data retrieval from external sources, to support blockchain applications. Bletchley is a Microsoft Azure project designed to enhance blockchain infrastructure by offering middleware services and tools for secure and efficient blockchain solutions.
Key Details:
* Purpose of Utility Cryplets: Utility cryplets extend the functionality of blockchain networks by offering off-chain services, which include cryptographic operations, data encryption, and fetching information from external APIs or data sources. This enhances the capabilities of smart contracts by allowing them to securely interact with off-chain data.
* Microsoft Azure Bletchley: As part of Microsoft's blockchain ecosystem, Bletchley provides an environment that supports building, deploying, and managing blockchain applications. Cryplets are designed to facilitate secure, reliable, and scalable integration between on-chain and off-chain processes.
* Use Cases: Utility cryplets are particularly useful in scenarios where blockchain applications need to access external data (like price feeds, identity verification, etc.) while ensuring data integrity and security.
Therefore,B. A part of Microsoft Azure Bletchley that is used to provide basic services such as encryption and basic data fetching from external sourcesis the correct answer, as it describes the function and purpose of utility cryplets within the Azure Bletchley project.
NEW QUESTION # 49
Which of the following is a language for working with Ethereum?
- A. Rikeby
- B. Mist
- C. Kovan
- D. Solidity
Answer: D
Explanation:
Solidityis the primary programming language used for developing smart contracts on the Ethereum blockchain. It is a statically typed, high-level language similar to JavaScript and C++, and it is specifically designed for creating contracts that run on the Ethereum Virtual Machine (EVM).
Key Details:
* Purpose of Solidity: Solidity was created by the Ethereum team to enable the development of smart contracts that automate the execution of blockchain-based applications. Its syntax is designed to be familiar to developers experienced in other programming languages, which helps in onboarding and learning.
* Compatibility and Flexibility: As a Turing-complete language, Solidity allows for the development of complex smart contracts and decentralized applications (copyright) with conditional logic, loops, and more. It is widely used in the DeFi space and beyond.
* Ethereum Test Networks: Other options listed, such asRinkebyandKovan, refer to Ethereum test networks where developers test smart contracts, but they are not languages themselves.Mistis an Ethereum wallet interface, not a programming language.
Thus,C. Solidityis the correct answer, as it is the language specifically designed for working with Ethereum smart contracts.
NEW QUESTION # 50
A________in a new chain and requires clients to upgrade in order to participate on the new blockchain.
- A. Sharding
- B. Hard fork
- C. Soft fork
- D. Sub chain
Answer: B
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 # 51
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