Proof of Keys- Steemit Crypto Academy- S4W7- Homework Post for @awesononso
Hello,
Today, I'm starting the new assignment of this week Crypto Academy Season 4 for Beginner Level Courses created by professor @awesononso. I've been waiting for homework since the season started because it's very useful for me. I'm learning while doing it and earning at the same time. Many thanks to all professors!
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The subject of assignment;
Let us assume it is Proof of Keys Day:
a.)Transfer at least 20 Steem from your Binance wallet to your Steemit wallet.
b.) Transfer at least 50 TRX from your Binance wallet to your TronLink wallet.
(Provide Screenshots and make sure you have your Keys).
First, I want to mention the term " Proof of Keys day" and its importance. Many people keep their cryptocurrencies on exchanges. This is dangerous because in this case exchanges have full control over the private keys of the deposit addresses. In this context, the Proof of Keys day aims to prevent investors from being dependent on exchanges to comfortably store their cryptocurrencies. The concept is often presented in a short but effective sentence: If you don't have the keys, you don't have the Bitcoins.
Proof of Keys day celebrates financial independence. Its goal is to encourage cryptocurrency investors to move their funds from exchanges to personal wallets. Thus, users take full control of their private keys, ensuring that no one but themselves can access their funds.
I am also withdrawing my funds from the stock market to celebrate this day and financial independence. First, I am going to withdraw Steem and TRX from my Binance account to my Steem Wallet. To withdraw from Binance, I go to the wallet under spot and click withdraw button. In this section we should fill in the blanks, these are the address, memo, and the amount. Then, we click the withdraw button and confirm the transaction.
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Proof of Keys is a simple but important trend that reminds cryptocurrency investors who the real owner of their private keys is. Millions of crypto lovers participate in these celebrations, withdrawing their funds from exchanges and depositing them in personal wallets.
Hello @bubbling,
Thank you for taking interest in this class. Your grades are as follows:
Feedback and Suggestions
You did not complete the homework task given. You only attepted one question.
Always be original when you write.
Thanks again as we anticipate your participation in the next class.
Now I realize that I'm missing something, I thought questions were optional like beginner courses 🤦🏻♀️ That’s my first try for weekly courses, otherwise I'm completing all assignments carefully. Thanks, see you in the next assignment professor.
Even if I have low grade, do I get vote from the curator? @sapwood @awesononso