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New Exam EC-COUNCIL 312-82 Materials, Reliable 312-82 Dumps
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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q50-Q55):
NEW QUESTION # 50
________is one of the most widely used enterprise blockchain frameworks applicable across different industries.
- A. Hyperledger Fabric
- B. Microsoft Azure
- C. Bitcoin
- D. Ethereum
Answer: A
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 # 51
Is a Microsoft blockchain development platform that allows the creation of custom private blockchains.
- A. Fabric
- B. Azure
- C. Corda
- D. Sratis
Answer: B
Explanation:
MicrosoftAzureis a blockchain development platform that enables the creation of custom private blockchains.
Azure Blockchain Service provides tools and services that allow organizations to set up and manage consortium blockchain networks, customize smart contracts, and create tailored blockchain applications.
Azure supports multiple blockchain frameworks, includingEthereumandHyperledger Fabric, making it versatile for both private and public network needs.
Key Details:
* Azure Blockchain Service: This service facilitates the deployment of managed blockchain networks on the cloud, leveraging Azure's infrastructure to deliver scalability, security, and reliability for private and consortium blockchain applications.
* Private Blockchain Capabilities: As a private blockchain service, Azure allows businesses to operate their blockchain in a controlled, permissioned environment. This offers greater control over data and participants, making it ideal for enterprise use cases like supply chain management, finance, and legal contracts.
* Blockchain Framework Compatibility: Although Azure supports a variety of blockchain protocols, it primarily focuses on private blockchain deployments, allowing for detailed control over network participants and data visibility.
In summary, Microsoft Azure stands out as a flexible and comprehensive platform for private blockchain development, catering to enterprises with tailored solutions and extensive cloud-based services.
NEW QUESTION # 52
What is a DEX
- A. A cryptocurrency exchange such as coinbase
- B. A Decentralized finance app or DApp
- C. A decentralized exchanged that allows users to exchange cryptocurrency 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 Uniswap, SushiSwap, and PancakeSwap, which are commonly built on blockchain networks like Ethereum and Binance 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 cryptocurrency directly.
NEW QUESTION # 53
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. Blockchain
- B. Cryptocurrency
- C. Consensus Mechanisms
- 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 # 54
_______is a word use to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly
- A. Blockchain
- B. DLT
- C. DAO
- D. Ledger
Answer: B
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 # 55
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