FREQUENT 312-82 UPDATES & VALID DUMPS 312-82 PPT

Frequent 312-82 Updates & Valid Dumps 312-82 Ppt

Frequent 312-82 Updates & Valid Dumps 312-82 Ppt

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Tags: Frequent 312-82 Updates, Valid Dumps 312-82 Ppt, Exam 312-82 Guide, 312-82 Certification Cost, Exam 312-82 Practice

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EC-COUNCIL 312-82 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • Ethereum: This part of the exam evaluates the expertise of blockchain developers and IT professionals in Ethereum, the leading platform for decentralized applications (copyright).
Topic 3
  • 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.
Topic 4
  • 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 5
  • Decentralized Applications (copyright): This final section examines the skills of software developers in creating decentralized applications (copyright). It discusses the design, development, and deployment of copyright and their potential to revolutionize traditional business models by offering more secure, transparent, and efficient solutions.
Topic 6
  • Insurance Applications: This section evaluates the expertise of insurance professionals, such as underwriters and claims managers in utilizing blockchain technology within the insurance industry.

>> Frequent 312-82 Updates <<

Valid Dumps EC-COUNCIL 312-82 Ppt - Exam 312-82 Guide

Free EC-COUNCIL 312-82 Dumps to prepare for the EC-Council Blockchain Fintech CertificationB|FC exam 312-82 exam is a great way to gauge your progress in preparation. You can also check your progress with the help of evaluation reports. These reports will help you know where you stand in your preparation and boost your confidence.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q23-Q28):

NEW QUESTION # 23
_______is a word use to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly

  • A. DAO
  • B. Blockchain
  • C. DLT
  • D. Ledger

Answer: C

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 # 24
According to FinCEN what dictates the obligations of money transmitters?

  • A. The company stated mission
  • B. The business model
  • C. How the company advertises itself
  • D. The industry designation

Answer: B

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 # 25
What is the primary way blockchain could help in the food industry?

  • A. Making transaction ore transparent
  • B. Making transport safer
  • C. Streamlining management
  • D. Eliminating food born illness

Answer: A

Explanation:
Blockchain can greatly benefit the food industry bymaking transactions more transparent. By recording each transaction in an immutable ledger, blockchain enables traceability, which is crucial for food safety, quality control, and ensuring that products meet regulatory standards.
Key Details:
* Traceability: Blockchain allows for the tracking of food products from farm to table. Each step in the supply chain can be recorded on the blockchain, providing consumers and regulators with transparent information about the origin and journey of food products.
* Improving Trust and Safety: With transparent transactions, stakeholders can quickly identify and address issues such as contamination, fraud, or mislabeling, which enhances food safety and consumer trust.
* Enhanced Efficiency: By reducing paperwork and enabling digital record-keeping, blockchain streamlines the process of verifying and sharing information about food products across various parties.
Thus,C. Making transactions more transparentis the correct answer, as it highlights blockchain's role in providing transparency in the food industry.


NEW QUESTION # 26
The financial Action Task force defines virtual asset providers as companies that (choose two):

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

Answer: A,C

Explanation:
TheFinancial Action Task Force (FATF)definesVirtual Asset Service Providers (VASPs)in its guidelines to include entities that engage in theexchange of virtual assets for fiat currencyand thetransfer of virtual assets. This categorization is part of the FATF's efforts to regulate and monitor the flow of virtual assets to mitigate risks associated with illicit activities.
Key Details:
* Exchange and Conversion Services: FATF recognizes companies that offer exchange services between virtual assets and fiat currencies as VASPs. These services are critical for converting virtual assets into forms that can be readily used in traditional markets.
* Transfer Services: VASPs that facilitate the transfer of virtual assets are also within the FATF's regulatory scope. This includes services that manage, transfer, or act as intermediaries in the movement of virtual assets between users, ensuring these transactions are conducted transparently and within regulatory frameworks.
Therefore,C. Exchange virtual assets for fiat currencyandD. Transfer virtual assetsare the correct answers, as they align with the FATF's definition of VASPs.


NEW QUESTION # 27
What is a DEX

  • A. A copyright exchange such as copyright
  • B. A Decentralized finance app or DApp
  • C. A decentralized exchanged that allows users to exchange copyright directly
  • D. A distributed exchange that covers multiple nationalities

Answer: C

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 # 28
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