[NEW LAUNCH] EC-COUNCIL 312-82 DUMPS (PRACTICE TEST) WITH NEWLY 312-82 EXAM

[New Launch] EC-COUNCIL 312-82 Dumps (Practice Test) with Newly 312-82 Exam

[New Launch] EC-COUNCIL 312-82 Dumps (Practice Test) with Newly 312-82 Exam

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Tags: 312-82 Test Lab Questions, 312-82 Dump Collection, Valid 312-82 Test Discount, 312-82 Reliable Learning Materials, 312-82 Upgrade Dumps

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q27-Q32):

NEW QUESTION # 27
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. Proving the user has invested enough in the system
  • D. Executing transactions

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 # 28
What is the primary benefit to patients of blockchain in the healthcare are industry?

  • A. Reduced costs
  • B. Improved medical outcomes
  • C. Reduced wait times
  • D. Total control over personal health records

Answer: D

Explanation:
The primary benefit of blockchain in the healthcare industry for patients istotal control over personal health records. Blockchain enables secure, decentralized storage of health data, allowing patients to control access to their information and share it with healthcare providers as needed.
Key Details:
* Data Ownership and Privacy: Blockchain gives patients the ability to own and manage their health records. They can grant or revoke access to different healthcare providers, ensuring that only authorized personnel have access to their data.
* Improved Security: Health records stored on a blockchain are encrypted and decentralized, making them resistant to tampering and unauthorized access. This enhances patient privacy and reduces the risk of data breaches.
* Interoperability and Accessibility: Blockchain facilitates seamless sharing of health records across different healthcare providers and systems, improving coordination and care continuity without compromising data integrity.
Therefore,B. Total control over personal health recordsis the correct answer, as it represents a significant advantage for patients in managing their healthcare information securely.


NEW QUESTION # 29
_________is a blockchain based predictions market that uses the Ethereum blockchain.

  • A. STEEM
  • B. Augur
  • C. DASH
  • D. IBM Blockchain

Answer: B

Explanation:
Auguris a decentralized, blockchain-based predictions market built on the Ethereum network. It enables users to create and participate in markets based on the outcome of real-world events, using smart contracts to automate the process and secure transactions.
Key Details:
* Ethereum-Based: Augur utilizes the Ethereum blockchain to facilitate the creation and settlement of prediction markets. It leverages Ethereum's smart contracts to ensure transparency, immutability, and trustless interactions.
* Decentralized Prediction Market: In Augur, users can bet on the outcome of various events, ranging from sports to elections. The decentralized nature of the platform ensures that no central authority controls the markets, providing a level of censorship resistance.
* Token Usage: Augur uses a token called REP (Reputation) that holders use to report and dispute outcomes of events on the platform. This ensures that the market outcomes are validated in a decentralized manner.
Thus,A. Auguris the correct answer, as it is a blockchain-based prediction market built on Ethereum.


NEW QUESTION # 30
______is designed to allow easy deployment of bloodchains.

  • A. Composer
  • B. Caliper
  • C. Quit
  • D. Cello

Answer: D

Explanation:
Hyperledger Cellois designed to facilitate the deployment and management of blockchain networks. It provides an easy-to-use framework for creating, managing, and scaling blockchain networks, making it suitable for rapid deployment and operation. Although the term "bloodchains" might be a typo or intended for
"blockchains," Cello indeed simplifies the blockchain setup process for various applications.
Key Details:
* Deployment and Management: Cello offers a suite of tools that automates blockchain deployment, operation, and monitoring, making it accessible for businesses looking to adopt blockchain technology with minimal effort.
* Modular Approach: It supports various blockchain frameworks, including Hyperledger Fabric, and is aimed at reducing the complexity involved in blockchain management.
* Use Cases: Hyperledger Cello is useful for enterprise blockchain applications, as it allows administrators to manage blockchain networks with tools that support configuration, monitoring, and scaling.
Thus,B. Cellois the correct answer, as it simplifies blockchain deployment and management.


NEW QUESTION # 31
According to copyright, which of the following are benefits of blockchain for finance (pick two)?

  • A. Streamlined processes
  • B. More reactive market
  • C. Access to international markets
  • D. Faster claims processing

Answer: A,C

Explanation:
According to copyright, blockchain offers various benefits for finance, includingstreamlined processesand access to international markets. These benefits enable financial institutions to operate more efficiently and expand their services globally.
Key Details:
* Streamlined Processes: Blockchain eliminates intermediaries, automates workflows through smart contracts, and reduces paperwork, resulting in faster and more efficient financial transactions and record-keeping.
* Access to International Markets: Blockchain facilitates cross-border transactions and reduces the barriers associated with currency exchange and international settlements, allowing financial institutions to expand their reach and provide services to a global audience.
* Operational Efficiency: By automating and digitizing various financial processes, blockchain reduces costs, enhances accuracy, and simplifies compliance, making it easier for financial institutions to operate internationally.
Therefore,C. Streamlined processesandD. Access to international marketsare the correct answers, as these align with the benefits of blockchain for finance according to copyright.


NEW QUESTION # 32
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