ACHIEVEMENT 2: BASIC SECURITY ON STEEMIT BY @ benez
The Master password:
it's the password that is gotten immediately after signing up for steemit account.
Posting key is a permission key just as the name implies,it allows the user to post,comment on a post and also follow other people on steemit.
The active key is also a permission key which performs functions such as transferring of funds,changing profile information, performing trades and also transactions etc. The active key can do everything on steemit account,but one thing it can't do is to change the owner key.
The owner key can perform all the tasks on steemit just like the active key. The owner key can even change the owner key itself. It is always good to keep the owner key secure by writing it down somewhere safe,where no one will see it, because if anyone gets it,he/she can perform anything on your account and call even steal all the steem in that account.
The memo key is used as a source of communication between steemians like private messaging. With this feature,one can easily encrypt and also decrypt private messages that will be sent and received.
The steemit wallet is used to transfer steem tokens.
I will explain the use of steemit wallet using pictures.
With these, I hope you understand the use of different password in steemit and also the use of steemit wallet.
Hi @benez, thanks for completing achievement 2 task on basic security. You may proceed with the next Achievement task.
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Thanks so much sir,I really appreciate
Hi, @benez,
Your post has been supported by @psicoparedes from the Steem Greeter Team.
Thanks so much @psicoparedes
You've made a very nice post here
I really appreciate you for reading it. Thanks.