THE BEST 312-82–100% FREE VALID EXAM REGISTRATION | NEW 312-82 STUDY PLAN

The Best 312-82–100% Free Valid Exam Registration | New 312-82 Study Plan

The Best 312-82–100% Free Valid Exam Registration | New 312-82 Study Plan

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Tags: Valid Exam 312-82 Registration, New 312-82 Study Plan, New APP 312-82 Simulations, New 312-82 Test Question, 312-82 Exam Training

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q29-Q34):

NEW QUESTION # 29
The Financial Action Task force defines virtual asset service providers as companies that (choose two):

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

Answer: A,D

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 # 30
What two types of transactions are there in Ethereum(pick z):

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

Answer: A,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 # 31
________can support up to 10-14 transactions per second.

  • A. Zcash
  • B. copyright
  • C. Bitcoin
  • D. Ethereum

Answer: D

Explanation:
Ethereumcurrently supports a transaction throughput of approximately10-14 transactions per second (TPS)
. This transaction speed is a result of Ethereum's design, which balances decentralization and security, albeit at the cost of scalability. This TPS rate is consistent across the Ethereum network prior to its upgrade to Ethereum 2.0, which aims to increase scalability through sharding and Proof of Stake.
Key Details:
* Limitations of Current Throughput: Ethereum's TPS rate is due to limitations in its consensus mechanism (formerly Proof of Work, now Proof of Stake) and block size, which prioritize security over transaction speed.
* Comparison with Other Networks: Bitcoin, for example, supports around 3-7 TPS, while other networks like Solana or copyright Smart Chain support significantly higher TPS. Ethereum's TPS may increase as Ethereum 2.0 is fully implemented, which aims to improve its scalability.
* Impact on Decentralized Applications (copyright): Ethereum's transaction capacity impacts copyright running on the network, as higher usage can lead to congestion and increased transaction fees(gas fees).
The upcoming upgrades are intended to alleviate these issues and enhance performance.
Therefore,D. Ethereumis the correct answer, as it supports approximately 10-14 TPS in its current form.


NEW QUESTION # 32
__________ is the process of converting rights to an asset into a digital representation on a blockchain.

  • A. Proof of Stake
  • B. Proof of Work
  • C. Cryptomining
  • D. Tekenization

Answer: D

Explanation:
Tokenizationis the process of converting rights to an asset into a digital representation on a blockchain. This process allows assets like real estate, art, or securities to be represented as digital tokens that can be traded or transferred on a blockchain.
Key Details:
* Digital Representation of Assets: Tokenization involves creating digital tokens on a blockchain that represent ownership or rights to a real-world asset. These tokens can be transferred and traded much like traditional assets.
* Advantages of Tokenization: By enabling fractional ownership, tokenization lowers barriers to investment and improves liquidity. It also provides transparency and traceability in asset transactions.
* Use Cases: Tokenization is widely used in real estate, art, and securities, as it facilitates easy transfer, enhances liquidity, and enables global access to traditionally illiquid assets.
Thus,D. Tokenizationis the correct answer, as it describes the process of converting asset rights into a digital form on a blockchain.


NEW QUESTION # 33
_______implements the interledger protocol, which facilitates interoperability across different distributed and non-distributed ledger networks.

  • A. Composer
  • B. Quit
  • C. Cello
  • 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 # 34
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