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Eccouncil 312-82 Exam Questions - Navigate Your Path to Success

The Eccouncil EC-Council Blockchain Fintech Certification (BFC) Exam (312-82) exam is a good choice for Blockchain Developers IT Consultants and Architects Fintech Specialists and if the candidate manages to pass Eccouncil EC-Council Blockchain Fintech Certification (BFC) Exam, he/she will earn Eccouncil EC-Council Blockchain Fintech Certification (B|FC) Certification. Below are some essential facts for Eccouncil 312-82 exam candidates:

  • In actual Eccouncil EC-Council Blockchain Fintech Certification (BFC) Exam (312-82) exam, a candidate can expect 50 Questions and the officially allowed time is expected to be around 90 Minutes.
  • TrendyCerts offers 50 Questions that are based on actual Eccouncil 312-82 syllabus.
  • Our Eccouncil 312-82 Exam Practice Questions were last updated on: Mar 03, 2025

Sample Questions for Eccouncil 312-82 Exam Preparation

Question 1

In this method users permanently destroy a certain quantity of bitcoin in proportion to the quantity of altcoin to be demand. What is this method?

Correct : B

Proof of Burn (PoB) is a consensus mechanism where users permanently destroy (or 'burn') a certain quantity of cryptocurrency, such as Bitcoin, to gain the right to mine or acquire an altcoin. This process proves commitment to the network and secures it by effectively sacrificing one asset to obtain another.

Key Details:

Burning Process: In PoB, participants send a certain amount of cryptocurrency to an unspendable address, effectively removing it from circulation. This act serves as proof that they have invested in the network by reducing the supply of the original cryptocurrency.

Purpose and Use Cases: PoB is used by networks that want to incentivize long-term commitment and reduce total supply. It is often seen in new blockchain projects that allow miners or users to trade value in established currencies like Bitcoin for the native token of the new network.

Security: By requiring participants to destroy value, PoB helps prevent spam attacks and promotes network stability.

Therefore, B. Proof of Burn is the correct answer, as it describes the method where users destroy a certain amount of cryptocurrency to receive or mine another asset.


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Question 2

_________is a blockchain based predictions market that uses the Ethereum blockchain.

Correct : A

Augur is 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. Augur is the correct answer, as it is a blockchain-based prediction market built on Ethereum.


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Eccouncil 312-82