Quiz 2025 Unparalleled EC-COUNCIL 312-82 Reliable Exam Price
Quiz 2025 Unparalleled EC-COUNCIL 312-82 Reliable Exam Price
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>> 312-82 Reliable Exam Price <<
100% Pass Quiz 312-82 - Updated EC-Council Blockchain Fintech CertificationB|FC exam Reliable Exam Price
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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q49-Q54):
NEW QUESTION # 49
_______is a word use to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly
- A. Ledger
- B. Blockchain
- C. DAO
- D. DLT
Answer: D
Explanation:
Distributed Ledger Technology (DLT)is a broad term used to describe technologies that store, distribute, and facilitate the exchange of value between users, either privately or publicly. DLTencompasses various types of ledgers, including blockchains, where data is replicated, shared, and synchronized across a distributed network.
Key Details:
* Definition and Scope: DLT refers to a digital system for recording transactions across multiple locations simultaneously. It allows for decentralized data management and reduces the need for a central authority to maintain a ledger.
* Private and Public Ledgers: DLT can be implemented in both private (permissioned) and public (permissionless) networks. In public DLT, anyone can participate, while private DLT restricts access to authorized participants only.
* Examples of DLT: Blockchain is one form of DLT, but other types include Directed Acyclic Graphs (DAGs) and Hashgraph. Each of these has unique mechanisms for data storage and consensus.
Therefore,C. DLTis the correct answer, as it is the term that broadly covers technologies used for the exchange and storage of value in distributed systems.
NEW QUESTION # 50
________are computer programs which facilitate transaction automation and eliminates the need for intermediaries
- A. Distributed Ledgers
- B. Ledgers
- C. Smart contracts
- D. Blockchains
Answer: C
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 # 51
How many bitcoin are available?
- A. It fluctuates with demand
- B. 1 million
- C. 21 million
- D. It increases each year
Answer: C
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 # 52
_______implements the interledger protocol, which facilitates interoperability across different distributed and non-distributed ledger networks.
- A. Cello
- B. Caliper
- C. Composer
- D. Quit
Answer: D
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 # 53
What type of DApp allows every participant to remain totally anonymous?
- A. Reputation based DApp
- B. Fully anonymous DApp
- C. Type II
- D. TypeI
Answer: B
Explanation:
AFully Anonymous DAppis a decentralized application that is designed to maintain complete anonymity for all participants. These copyright do not require user identity verification, and interactions are carried out in a manner that does not reveal personal information. Fully anonymous copyright are particularly popular in privacy- focused blockchain ecosystems.
Key Details:
* Privacy and Anonymity: Fully anonymous copyright 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 copyright 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 copyright 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 # 54
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