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EC-COUNCIL 312-82 Learning Mode, 312-82 Dumps Reviews
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SurePassExams EC-COUNCIL 312-82 PDF Questions
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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q14-Q19):
NEW QUESTION # 14
Which of the following are likely use cases for blockchain in the energy industry? (Select two.)
- A. Safety in energy transport
- B. Energy trading
- C. Smart power grids
- D. Safety in energy production
Answer: B,C
Explanation:
Blockchain technology has significant potential in the energy industry, particularly inenergy tradingand smart power grids. By providing a transparent, decentralized, and secure platform for transactions, blockchain can facilitate peer-to-peer energy trading and improve the efficiency and reliability of smart grids.
Key Details:
* Energy Trading: Blockchain enables peer-to-peer energy trading where individuals and companies can buy and sell excess energy (such as solar or wind power) directly to each other. This decentralized model reduces the need for intermediaries and allows consumers to benefit from direct energy sales and purchases.
* Smart Power Grids: Blockchain can enhance smart grid systems by enabling real-time data sharing and automated decision-making. With blockchain, smart grids can securely record and share data related to energy production, consumption, and storage, thereby improving grid management, reducing waste, and optimizing energy distribution.
* Enhanced Transparency and Security: By recording all transactions in an immutable ledger, blockchain ensures transparency and security, reducing the risks of fraud and discrepancies in the energy market. This is especially beneficial in energy trading where trust and accurate record-keeping are essential.
Thus,Energy trading (B)andSmart power grids (D)are the most likely use cases for blockchain in the energy industry.
NEW QUESTION # 15
What two types of transactions are there in Ethereum(pick z):
- A. Contract
- B. Message Call
- C. User
- D. Contract Creation
Answer: B,D
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 # 16
These wallets store keys in a tree structure derived from a seed.
- A. Deterministic Wallets
- B. Non-Deterministic Wallets
- C. Brain Wallets
- D. Hierarchical Deterministic Wallets
Answer: D
Explanation:
Hierarchical Deterministic (HD) Walletsare wallets that generate private and public keys in a tree structure, starting from a single seed phrase. This seed phrase can generate multiple key pairs, allowing users to back up and recover all their wallet addresses using one phrase, which enhances security and convenience.
Key Details:
* Tree Structure: HD wallets use a root seed to derive an entire hierarchy of keys. Each branch in the tree can create new sub-branches, generating separate addresses for different transactions without reusing them, which provides better privacy.
* Seed-Based Recovery: Users can restore all wallet addresses with the original seed phrase, making HD wallets more secure and easy to back up compared to non-deterministic wallets, which would require individual backups for each key.
* Compatibility with Blockchain Standards: HD wallets adhere to the BIP32 and BIP44 standards, which outline the derivation paths and formats used by these wallets. This compatibility allows for interoperability among different wallet providers.
In conclusion, Hierarchical Deterministic Wallets (answer B) best describes wallets that store keys in a tree structure derived from a seed.
NEW QUESTION # 17
What type of DApp uses another blockchain such as Ethereum?
- A. Pseude DApp
- B. DAO
- C. Type II
- D. Type III
Answer: C
Explanation:
AType II DAppis characterized by utilizing another blockchain, such as Ethereum, as its underlying platform. Type II DApps generally operate as protocols or platforms themselves and rely on a foundational blockchain (Type I) for their infrastructure. This categorization enables Type II DApps to leverage the security, decentralization, and functionality of the underlying blockchain while adding unique features or protocols.
Key Details:
* Relationship with Type I DApps: Type I DApps are foundational platforms with their own blockchain, such as Ethereum. Type II DApps are built on these foundational platforms, creating additional protocols or applications that depend on the Type I blockchain.
* Examples of Type II DApps: Protocols like the ERC-20 token standard on Ethereum are examples of Type II DApps, as they rely on Ethereum's blockchain but provide their own set of functionalities that can be used by other applications.
* Benefits of Using Existing Blockchains: By using established blockchains, Type II DApps benefit from existing infrastructure and security while extending the blockchain's capabilities.
Therefore,C. Type IIis the correct answer, as it represents DApps built on another blockchain like Ethereum.
NEW QUESTION # 18
__________ is the process of converting rights to an asset into a digital representation on a blockchain.
- A. Proof of Work
- B. Cryptomining
- C. Tekenization
- D. Proof of Stake
Answer: C
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 # 19
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