CryptoConsortium CEP Certification Exam Questions and Answers PDF

1. CryptoConsortium CEP Certification Exam Questions and Answers PDF CryptoConsortium CEP Exam Guide www.EduSum.com Get complete detail on CEP exam guide to crack C4 Certified Ethereum Professional. You can collect all information on CEP tutorial, practice test, books, study material, exam questions, and syllabus. Firm your knowledge on C4 Certified Ethereum Professional and get ready to crack CEP certification. Explore all information on CEP exam with number of questions, passing percentage and time duration to complete test.

2. WWW.EDUSUM.COM PDF Introduction to CryptoCurrency Certification Consortium Certified Ethereum Professional (CEP) Exam The CryptoConsortium CEP Exam is challenging and thorough preparation is essential for success. This exam study guide is designed to help you prepare for the Ethereum Professional certification exam. It contains a detailed list of the topics covered on the Professional exam, as well as a detailed list of preparation resources. This study guide for the C4 Certified Ethereum Professional will help guide you through the study process for your certification. CEP C4 Certified Ethereum Professional Exam Summary ●Exam Name: C4 Certified Ethereum Professional ●Exam Code: CEP ●Exam Price: $99 (USD) ●Duration: 20 mins ●Number of Questions: 75 ●Passing Score: 70% ●Schedule Exam:CryptoConsortium CEP: C4 Certified Ethereum Professional 1

3. WWW.EDUSUM.COM PDF ●Sample Questions:CryptoConsortium Ethereum Professional Sample Questions ●Recommended Practice: CryptoConsortium CEP Certification Practice Exam Exam Syllabus: CryptoCurrency Certification Consortium Certified Ethereum Professional (CEP) Topic Details History of Ethereum and Ledger-based Economics - Distinguish between functions of currencies such as unit of account, store of value, and medium of exchange. Understand how the properties of money relate to these functions. - Understand what a centralized ledger is and how money has been organized on centralized ledgers in the modern digital economy. - Know what “distributed consensus” means and explain what makes Ethereum’s ledger different from centralized ledgers. Understand the history of The DAO and Ethereum’s forks. - Define what it means to have a decentralized Turing- complete virtual machine. Explain how it is different from the Bitcoin protocol. Know the benefits and practical limitations of Ethereum’s approach to decentralized computing. Functions of Currency Centralized Ledgers Distributed Consensus Decentralized Computing Cryptography Basics - Define and accurately use basic cryptographic terms such as cryptography, encryption algorithm, decryption algorithm, symmetric vs. asymmetric encryption, cipher vs. plain text. - Understand the principles of asymmetric cryptography and the impact it has on key exchange, digital signatures, and transaction signing. - Understand the basic uses of digital signatures, and why they are used in Ethereum. Understand the relationship between digital signatures and asymmetric keys. - Explain the purpose of hash functions, how they are used in Ethereum, and how they help secure the Ethereum Terms and Definitions Asymmetric Cryptography Digital Signatures Hash Functions CEP: C4 Certified Ethereum Professional 2

4. WWW.EDUSUM.COM PDF Topic Details blockchain. Ethereum Basics - Understand how users, developers, stakers, businesses, and governments impact the Ethereum protocol. Explain what types of institutions are actively involved in promoting, maintaining, or lobbying in favor of Ethereum. - Understand how Ethereum addresses and keys are generated. Explain the relationship between Ethereum account types (externally owned accounts vs. contracts), public keys, private keys, and smart contracts; distinguish between these and describe the primary use of each. In terms of addresses and keys, describe how funds are accessed and transferred on the Ethereum network. - Describe an Ethereum transaction and how it is irreversible. Understand the structure of transactions and basics of nonces, gas price, and gas limits. - Know and understand the denominations of ether, the currency, and their relation to one another (e.g. wei, ether). Explain the difference between Ethereum and ether. - Understand how the network is connected and the importance of independent nodes. Explain common network attacks (such as DDoS) and how the network is secured from these types of attacks. Know the different test networks on Ethereum. - Understand what an EIP is and explain the basic process of submitting, evaluating, and implementing an EIP. Understand the review process of Ethereum Improvement Proposals on Github. Know how BIP-32 and BIP-39 are used in Ethereum. - Explain how tokens standards are defined and implemented. Know the differences between fungible and non-fungible tokens. - Understand how the price of ether is derived. Know the different ways users can buy and sell ether. Know about centralized and decentralized Ethereum exchanges. Understand the risks of using exchanges and identify best practices. Explain how storing funds on hardware wallets Ethereum Community Ethereum Addresses and Keys Ethereum Transactions Ether the Unit Ethereum the Network Ethereum Improvement Proposals (EIPs) Tokens and Standards Price Derivation & Exchanging Ether CEP: C4 Certified Ethereum Professional 3

5. WWW.EDUSUM.COM PDF Topic Details differs from storing funds on centralized exchanges. - Know what a blockchain explorer is and how they can be used to trace transactions. Blockchain Explorers Consensus - Explain the basics of distributed agreement. Explain how Ethereum’s blockchain functions as a state machine. Know how the state is stored, updated, and verified. - Understand the basics and the differences between consensus mechanisms, such as Proof of Work, Proof of Stake, and Proof of Authority. - Know why Proof of Stake is considered an improvement over Proof of Work, how Ethereum moved to Proof of Stake, and the difference between solo staking and staking pools. - Explain what a potential attacker can and cannot do with a large proportion of staked ether. Understand why it’s desirable to have staked ether spread between a multitude of validators, rather than concentrated amongst a relatively small amount of validators.. Know how merkle trees impact immutability and thus safety of the Ethereum blockchain. Have an understanding of how forks relate to consensus. Purpose and Function Mechanisms The Merge Security and Decentralization Smart Contracts and EVM - Understand the terms and vocabulary used in smart contracts and Ethereum, such as ERC, EVM, opcodes, nonce, etc. - Know what programming languages are used to develop smart contracts, such as Solidity, Vyper, and others. Understand what development tools are used to develop and test smart contracts. - Understand (at a high, non-technical level) how to interact with smart contracts and the structure of smart contracts. - Know how to securely transact on the Ethereum network and securely interact with smart contracts. Understand the common vulnerabilities of smart contracts, such as re- entrancy and overflows. - Have a basic understanding of the benefits and challenges of DeFi and the various functions of these types of Terms and Definitions Programming Fundamentals Smart Contracts Interactions Security Decentralized Finance (DeFi) CEP: C4 Certified Ethereum Professional 4

6. WWW.EDUSUM.COM PDF Topic Details applications, including liquidity pools and decentralized exchanges. Clients, Wallets, and Key Management - Describe the difference between light and full clients and what the most popular clients are in the network. Understand the relationship between updating nodes and network forks. - Understand what Ethereum wallets are and how they are used. Explain the differences between software, web, brain, hot/cold, paper, hardware, multisig, and HD wallets. Know about deterministic wallets (BIP32) and the advantages they have over “Just a Bunch of Keys” wallets. Know how the legitimacy of wallet software is determined. - Describe the process of backing up private keys, mnemonics (BIP-39), and restoring them to the same or new wallets. Ethereum Clients Wallet Types Imports, Exports, Backups, & Recovery CryptoConsortium CEP Certification Sample Questions and Answers To make you familiar with the C4 Certified Ethereum Professional (CEP) certification exam structure, we have prepared this sample question set. We suggest you to try our Sample Questions for C4 CEP Certification to test your understanding of CryptoConsortium CEP process with real CryptoConsortium certification exam environment. CEP C4 Certified Ethereum Professional Sample Questions:- 01. How can Ethereum blockchain technology benefit supply chain management? a) By centralizing data storage b) Through transparent and immutable record-keeping c) By replacing all traditional supply chain tools d) Ethereum technology is not applicable to supply chain management 02. Who are miners in the context of the Ethereum network? a) Individuals who create new smart contracts b) Users who perform transactions on the network CEP: C4 Certified Ethereum Professional 5

7. WWW.EDUSUM.COM PDF c) Nodes that validate and add transactions to the blockchain d) Developers who write Ethereum Improvement Proposals 03. Why is Solidity the preferred language for Ethereum smart contracts? a) It is the only language supported by Ethereum. b) Because of its similarity to Javascript, making it easier to learn. c) It is specifically designed for Ethereum to create efficient and secure smart contracts. d) It requires less gas for transactions. 04. In what way does Ethereum embody the principle of decentralization? a) By having a single governing body. b) Through its distributed ledger technology, where no single entity controls the network. c) By decentralizing only the currency aspect. d) Ethereum is not truly decentralized. 05. Which programming language is primarily used for writing Ethereum smart contracts? a) Python b) Solidity c) Java d) C++ 06. What is a hardware wallet in the context of Ethereum? a) A physical device that securely stores private keys b) A software program for mining Ether c) A paper document with key details d) A cloud service for storing Ether 07. What happens to a user's holdings if a hard fork occurs in Ethereum? a) The holdings are duplicated across both chains. b) The holdings are lost. c) The holdings remain only on the original chain. d) The user must choose which chain to keep their holdings on. 08. How does the Proof of Stake (PoS) consensus mechanism contribute to network security? a) By allowing anyone to validate transactions without any stake b) It does not contribute to security but increases transaction speed c) By eliminating the need for validators d) By requiring validators to stake Ether, aligning their incentives with network security CEP: C4 Certified Ethereum Professional 6

8. WWW.EDUSUM.COM PDF 09. Besides Solidity, which other language can be used for Ethereum smart contract development? a) Python b) JavaScript c) Ruby d) Vyper 10. Why is private key management crucial for Ethereum users? a) It determines the value of Ether b) Private keys are required for blockchain updates c) Loss or theft of private keys can result in loss of access to Ethereum assets d) Private keys are required for every transaction Answers:- Answer 01:- b Answer 02:- c Answer 03:- c Answer 04:- b Answer 05:- b Answer 06:- a Answer 07:- a Answer 08:- d Answer 09:- d Answer 10:- c CEP: C4 Certified Ethereum Professional 7