Jack Perez Jack Perez's Profile Page

Jack Perez Jack Perez

0 Course Enrolled • 0 Course Completed

Biography

Latest 312-82 Exam Book | Reliable 312-82 Exam Sims

Are you an IT staff? Are you enroll in the most popular IT certification exams? If you tell me “yes", then I will tell you a good news that you're in luck. PassLeaderVCE's EC-COUNCIL 312-82 Exam Training materials can help you 100% pass the exam. This is a real news. If you want to scale new heights in the IT industry, select PassLeaderVCE please. Our training materials can help you pass the IT exams. And the materials we have are very cheap. Do not believe it, see it and then you will know.

Simplified language allows candidates to see at a glance. With this purpose, our 312-82 learning materials simplify the questions and answers in easy-to-understand language so that each candidate can understand the test information and master it at the first time, and they can pass the test at their first attempt. Our experts aim to deliver the most effective information in the simplest language. Each candidate takes only a few days can attend to the 312-82 Exam. In addition, our 312-82 312-82 provides end users with real questions and answers. We have been working hard to update the latest 312-82 learning materials and provide all users with the correct 312-82 answers. Therefore, our 312-82 learning materials always meet your academic requirements.

>> Latest 312-82 Exam Book <<

Reliable 312-82 Exam Sims & Valid 312-82 Test Syllabus

In order to meet the needs of all customers, Our 312-82 study torrent has a long-distance aid function. If you feel confused about our 312-82 test torrent when you use our products, do not hesitate and send a remote assistance invitation to us for help, we are willing to provide remote assistance for you in the shortest time. We have professional IT staff, so your all problems about EC-Council Blockchain Fintech CertificationB|FC exam guide torrent will be solved by our professional IT staff. We can make sure that you will enjoy our considerate service if you buy our 312-82 study torrent. There are many IT staffs online every day; you can send your problem, we are glad to help you solve your problem. If you have any question about our 312-82 test torrent, do not hesitate and remember to contact us.

EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic
Details

Topic 1

Decentralized Applications (dApps): This final section examines the skills of software developers in creating decentralized applications (dApps). It discusses the design, development, and deployment of dApps and their potential to revolutionize traditional business models by offering more secure, transparent, and efficient solutions.

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 (dApps).

Topic 3

Blockchain’s Cryptocurrency Assets: This segment tests the proficiency of professionals like cryptocurrency traders in the area of cryptocurrency assets. It examines the role of blockchain in creating and managing digital currencies like Bitcoin and Ethereum, as well as its broader impact on the financial world.

Topic 4

Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.

Topic 5

Bitcoin: This module zeroes in on Bitcoin, the first and most prominent cryptocurrency. It tests the understanding of blockchain developers about how Bitcoin works, its impact on the financial landscape, and the challenges and opportunities related to its adoption as a digital currency.

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.

Topic 7

Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q11-Q16):

NEW QUESTION # 11
FinCEN requires any person engaging in the business of money transmission or the transfer of funds, including CVC, to (I) maintain an ''effective'' written anti-money laundering program reasonably designed to prevent the business from being employed to help the financing of terrorist activities and money laundering and________.

A. Maintain detailed records of all customers
B. Registry as a money service business
C. Submit reports to the SEC
D. Report suspidous transactions

Answer: D

Explanation:
FinCENrequires money transmitters and companies involved in virtual currency (CVC) transmission to report suspicious transactions as part of their anti-money laundering (AML) responsibilities. This is in addition to maintaining an effective AML program and registering as a money service business (MSB).
Key Details:
* AML Program: The program must be reasonably designed to detect and prevent the use of financial services for money laundering or terrorist financing.
* Reporting Suspicious Activity: FinCEN mandates that companies must file Suspicious Activity Reports (SARs) for any transactions that appear to be potentially suspicious or indicative of illegal activities.
* Regulatory Compliance: This requirement ensures that businesses adhere to federal regulations, contributing to a secure financial system by monitoring and reporting illicit activity.
Therefore,A. Report suspicious transactionsis the correct answer, as this is a key requirement for companies under FinCEN's regulations regarding money transmission and virtual currencies.

NEW QUESTION # 12
Distributed ledger technology or DLT is a word used to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly.

A. Consensus Mechanisms
B. Blockchain
C. Cryptocurrency
D. Distributed Ledger Technology

Answer: D

Explanation:
Distributed Ledger Technology (DLT)is the correct term used to describe technologies that store, distribute, and facilitate the exchange of value between users, either privately or publicly. DLT encompasses various types of systems, including blockchains, that operate in a decentralized manner to record and synchronize data across multiple locations.
Key Details:
* Definition of DLT: DLT is a digital ledger system that allows data to be stored across multiple nodes in a network. It ensures that all copies of the ledger are updated and synchronized, providing a secure and transparent way to record transactions without needing a centralized authority.
* DLT vs. Blockchain: While blockchain is a form of DLT, not all DLTs are blockchains. For example, Directed Acyclic Graphs (DAGs) and Hashgraphs are also types of DLTs but do not necessarily use blocks or chains to organize data.
* Private and Public Implementations: DLTs can be permissioned (private) or permissionless (public), enabling various use cases from enterprise solutions to decentralized public networks.
Therefore,B. Distributed Ledger Technologyis the correct answer, as it broadly defines the technology for storing and distributing data across decentralized networks.

NEW QUESTION # 13
According to FinCEN what dictates the obligations of money transmitters?

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

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 # 14
________is used to split up the tasks into multiple chunks that are then processed by multiple nodes.

A. Fragmenting
B. Partitioning
C. Parsing
D. Sharding

Answer: D

Explanation:
Shardingis a scalability technique that splits tasks or data into smaller, more manageable pieces called
"shards." These shards are then processed in parallel by multiple nodes in a network. By dividing the workload, sharding can significantly enhance the efficiency and speed of blockchain networks, which is especially beneficial for handling large transaction volumes and complex computations.
Key Details:
* Purpose of Sharding: The main goal of sharding is to address blockchain scalability issues. By enabling the network to process transactions and data in parallel, it reduces the load on individual nodes, thus increasing the overall throughput of the blockchain.
* How Sharding Works: In a sharded blockchain, each node only needs to process a portion of the total data rather than every single transaction on the network. Each shard is responsible for a subset of data and transactions, and only nodes within a particular shard need to validate its transactions.
* Relevance in Blockchain: Sharding is crucial in large-scale blockchain networks like Ethereum, where high transaction volumes can lead to congestion. Ethereum 2.0, for example, incorporates sharding as a core feature to improve its scalability and transaction processing capacity.
Sharding is, therefore, the correct answer, as it directly refers to the method of dividing tasks for parallel processing in a distributed environment.

NEW QUESTION # 15
Proof of work algorithms are best described as being used for what?

A. Proof that adequate computational resources have been sent.
B. Bitcoin mining
C. Executing transactions
D. Proving the user has invested enough in the system

Answer: A

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 # 16
......

One of the best features of PassLeaderVCE exam questions is free updates for up to 1 year. The PassLeaderVCE has hired a team of experienced and qualified 312-82 exam trainers. They update the 312-82 exam questions as per the latest 312-82 Exam Syllabus. So rest assured that with the PassLeaderVCE you will get the updated 312-82 exam practice questions all the time. Try a free demo if you to evaluate the features of our product. Best of luck!

Reliable 312-82 Exam Sims: https://www.passleadervce.com/Blockchain-Fintech/reliable-312-82-exam-learning-guide.html