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Aleks04 [339]
1 year ago
6

A place to Store crypto. Can be online or offline. What is the definition?

Business
1 answer:
Pani-rosa [81]1 year ago
4 0

A cryptocurrency can be stored both online and offline based on the choice of an individual but offline is considered safest.

<h3>How to store Crypto online?</h3>

Crypto can be stored online with the help of a software wallet which includes internet add-ons, desktop, mobile, or web applications. They could differ in terms of their designs and purposes.

One can store your cryptocurrency wallet offline as a cold wallet when you don't want to exchange your cryptocurrency, hardware wallets may be the best option to avoid hacking.

When a cryptocurrency wallet is online, it is referred to as a hot wallet, when it is not, it is referred to as a cold wallet.

Learn more about Cryptocurrency, here:

brainly.com/question/16450854

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Explanation:

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When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

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