ledger. From there, the accounts can be used to prepare financial statements for specific accounting periods.</p>\n<p>In the context of crypto, an account refers specifically to a <strong>cryptocurrency account</strong>. Users require a crypto account to access and utilize <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-centralized-exchange-cex/">cryptocurrency exchanges</strong></a>.</p>\n<p>A cryptocurrency account provides the owner with access to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hot-wallet/">hot wallets</strong></a>, which allow them to buy, sell, and trade cryptocurrencies. An account also acts as an identifier or a way to keep <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public keys</strong></a> during the exchange process.</p>\n<p><strong>Account holders</strong> can receive special promotions. On the users&rsquo; end, accounts can be used to manage everything on the platform or exchange. The account acts as a configurative console that can be adjusted based on the user&rsquo;s needs. Users can customize their spending limits or other personal preferences.</p>","level":"easy","meta_title":"What is Account? Definition & Meaning | Crypto Wiki","meta_description":"Account meaning: Account - a record tracking the financial activities of a specific asset or revenue.","meta_keywords":null,"language":"en","created_at":"2022-02-10T12:56:48.000000Z","updated_at":"2022-05-16T05:24:42.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-account"},"prevSection":{"id":6,"original_id":null,"author_id":40,"translator_id":null,"title":"What is 51% Attack?","slug":"what-is-51-attack","section":"1","keyword":"51% Attack","status":"published","definition":"an instance when a fraudulent miner controls more than 50% of the total mining power and violates the blockchain's technology.","content":"<p><strong>A 51% attack happens when</strong> <strong>a group of miners takes control over more than 50% of the network's hash rate </strong>and violates the blockchain's functionality. Nevertheless, a general agreement is needed for transactions to be added or confirmed in the blockchain.</p>\n<p>A malicious individual that controls the majority of hashing or mining power might hypothetically \"create the majority\" in the consensus process. He can also disrupt the blockchain's integrity by altering transaction order, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-double-spending/">double-spending, or blocking transactions from being verified.</p>\n<p><strong>Blockchains with less <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash-power-hashrate/">hashing power</strong></a> are more fragile to 51% attacks</strong>. With such blockchains, bad-intended miners can easily obtain the required computing power. Therefore, the more miners and resources are spent mining a blockchain, the safer the blockchain is. For instance, the <strong><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin network is the most secure blockchain, because it has a huge amount of hashing power acquired through mining.</p>\n<p>A few of the more well-known instances of 51% attacks happened in August 2016, when both <strong>Krypton and Shift</strong> (Ethereum-based networks) suffered from these attacks. Since then, there were quite a few similar incidents in the crypto industry.</p>","level":"easy","meta_title":"What is 51% Attack? Definition & Meaning | Crypto Wiki","meta_description":"51% Attack meaning: 51% Attack - happens when a fraudulent miner controls more than 50% of the total mining power and violates the blockchain's technology.","meta_keywords":null,"language":"en","created_at":"2022-02-10T12:54:05.000000Z","updated_at":"2022-10-26T07:42:45.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-51-attack"},"currentChapter":"1","currentSection":"what-is-7d","chapterTitle":"1","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-7d","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Numbers

What is 7d?

7d - The information for the previous 7 days is represented by a 7d time measurement.
1 minute

Let's find out 7d meaning, definition in crypto, what is 7d, and all other detailed facts.

The information for the previous 7 days is represented by a 7d time measurement. It is mainly used when discussing the total amount of transactions, and new trends on the crypto market.