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EC-COUNCIL 312-82 Exam Syllabus Topics:

Topic
Details

Topic 1

Blockchain as a Service (BaaS): This section measures the skills of IT architect in deploying Blockchain as a Service (BaaS). It outlines how BaaS enables organizations to create and manage blockchain applications without building their own infrastructure, simplifying the adoption and scaling of blockchain technologies.

Topic 2

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 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

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

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

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 7

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 8

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

Topic 9

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 10

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.

EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q31-Q36):

NEW QUESTION # 31
When you purchase bitcoins, how are they stored?

A. In an exchange
B. As a hash
C. In a bitcoin wallet
D. As a file

Answer: C

Explanation:
When you purchase bitcoins, they are storedin a bitcoin wallet. A bitcoin wallet is a digital tool that stores the cryptographic keys necessary to access and manage your Bitcoin holdings. It does not store physical bitcoins but instead holds the keys to access them on the blockchain.
Key Details:
* Functionality of Bitcoin Wallets: Bitcoin wallets manage private and public keys. The private key is required to sign transactions, while the public key generates addresses that allow for receiving bitcoins.
Without access to the private key, the user cannot spend or transfer their bitcoins.
* Types of Bitcoin Wallets: Wallets can be software-based (such as mobile or desktop apps) or hardware- based (physical devices like a Ledger or Trezor). There are also online (custodial) wallets provided by exchanges, but these still technically store bitcoins within a wallet.
* Not a Physical Storage: Bitcoins do not exist as physical files or objects. The wallet is an interface that interacts with the blockchain, where the actual records of ownership are maintained.
Thus,D. In a bitcoin walletis the correct answer, as bitcoins are stored in wallets that hold the keys necessary to interact with the Bitcoin blockchain.

NEW QUESTION # 32
________is one of the most widely used enterprise blockchain frameworks applicable across different industries.

A. Microsoft Azure
B. Hyperledger Fabric
C. Ethereum
D. Bitcoin

Answer: B

Explanation:
Hyperledger Fabricis a widely used enterprise blockchain framework developed under the Linux Foundation's Hyperledger project. It is designed to support various industries by offering a modular architecture, which enables enterprises to create customized blockchain solutions that meet specific business requirements.
Key Details:
* Enterprise Application: Hyperledger Fabric is suitable for use cases requiring privacy and confidentiality, such as supply chain management, healthcare, and finance. It supports permissioned networks where only authorized participants can join.
* Modularity and Flexibility: Fabric's modular design allows organizations to plug in their preferred components for consensus, membership, and data storage. This makes it versatile across different industries and applications.
* Smart Contracts and Chaincode: Fabric supports smart contracts, called chaincode, which enable complex business logic to be executed on the blockchain, providing significant utility to enterprises.
As a result,A. Hyperledger Fabricis the correct answer, as it is a leading enterprise blockchain framework used across multiple sectors.

NEW QUESTION # 33
A Type II DAPP is categorized by its______

A. Using the blockchain and protocol of a type I
B. Using another blockchain such as Ethereum
C. Using the protocol of a type II DApp
D. Using the block chain of a type I but not the protocol

Answer: A

Explanation:
AType II DAppis a decentralized application that uses both the blockchain and protocol of aType I DApp.
Type I DApps are the foundational blockchain-based platforms, such as Ethereum, that operate with their own blockchain. Type II DApps build on these platforms, using the existing blockchain and protocol, but offering specific functionalities or services.
Key Details:
* Type I DApps: These are fundamental blockchain platforms, like Bitcoin or Ethereum, which have their own blockchain and provide a foundation for other applications.
* Characteristics of Type II DApps: Type II DApps leverage the infrastructure of Type I DApps but add additional functionality through smart contracts or protocols. For example, protocols such asERC-
20 tokensorERC-721 NFTsare built on Ethereum and utilize Ethereum's underlying blockchain and consensus protocol.
* Integration: By utilizing both the blockchain and protocol of a Type I DApp, Type II DApps inherit the security, decentralization, and features of the underlying Type I platform, which simplifies their development and ensures compatibility.
In summary,B. Using the blockchain and protocol of a type Iaccurately describes the categorization of Type II DApps.

NEW QUESTION # 34
These wallets use a this passphrase to derive the private key

A. Hierarchical Deterministic Wallets
B. Deterministic Wallets
C. Non-Deterministic Wallets
D. Brain Wallets

Answer: D

Explanation:
Brain Walletsderive private keys from a passphrase. This approach allows users to create a wallet by memorizing a unique phrase, which is then hashed to generate the corresponding private key.
Key Details:
* Use of Passphrases: Brain wallets use a passphrase that is entered by the user, typically a string of words that can be remembered easily. This passphrase is then converted into a private key using a cryptographic hash function.
* Security Concerns: While convenient, brain wallets are susceptible to brute-force attacks if the passphrase is not sufficiently complex. Simple or common phrases may be vulnerable to attackers who use lists of common phrases to derive potential private keys.
* Distinction from Deterministic Wallets: Unlike Hierarchical Deterministic Wallets, which use a seed phrase to generate a tree of keys, brain wallets derive a single private key directly from a passphrase.
In conclusion,B. Brain Walletsis the correct answer, as these wallets use a passphrase to generate the private key.

NEW QUESTION # 35
______is a computer program that runs stop a blockchain and embedded within it are governance and business logic rules

A. DAC
B. DaS
C. Dapps
D. DAO

Answer: C

Explanation:
Decentralized Applications (Dapps)are applications that run on a blockchain network and include embedded governance and business logic rules. Unlike traditional applications, Dapps are decentralized, meaning they operate on a peer-to-peer network rather than a centralized server, leveraging smart contracts to automatically enforce rules and protocols without intermediaries.
Key Details:
* Characteristics of Dapps: Dapps are open-source, operate autonomously, and store data on a blockchain. They utilize smart contracts to handle various functions, from transaction processing to enforcing governance rules and executing business logic.
* Smart Contracts: The embedded rules within Dapps are typically coded as smart contracts, which are self-executing contracts with the terms of the agreement directly written into lines of code. This ensures that all transactions and operations within the Dapp are transparent, immutable, and automatically enforced.
* Use Cases: Dapps are commonly found in areas such as decentralized finance (DeFi), gaming, supply chain management, and social media, offering users more control and transparency compared to traditional applications.
In conclusion,Dapps (A)is the correct answer as it refers to computer programs running on a blockchain with embedded governance and business logic rules.

NEW QUESTION # 36
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Sean Stone Sean Stone

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