Achievement 2 @sachingeorge Task : Basic Security on Steem
Hello Everyone, I am doing my Achievement 2. Which will be basic security on Steem
I have thoroughly gone through the Achievement 2 Guide from this post ach2guide and I understand the main Objective of Achievement 2 and the proper use of the 5 Steem key which I received while creating my account, like a Master key, Owner key, Active key, Posting key and Memo key.
After going through the guide, I was able to understand that it's very important to properly secure the Keys that we received and if it's lost, our account will be unable to access and it will go useless and there will be no way to recover without any of the high power keys. I was also able to understand the importance of keeping a hard copy of the passwords that we own, as HDD storages are not 100% reliable and sometimes due to natural calamities HDD can get damaged and our entire account will go to waste, so it's important to save the passwords in an offline method is also required. I have done it already, as I don't own a printer I wrote it down in my notebook and kept it safe in a place where no one can find it.
Question 1
Have you retrieved all your keys on Steemit?
Question2
Do you know each of these key functions and restrictions?
Question 3
How do you plan to keep your master password?
Question 4
Do you know how to transfer your Steem token to another Steem user account?
Question 5
Do you know how to power up your STEEM?
Yes, I have and I also understand it's important not to use the keys in 3 party software or websites as there is a great chance of risk of phishing
Each key that we received has its own purpose, functions and powers, as the keys in the highest levels (master password and owners key), have the power to change other keys and they are used for account recovery purposes only.
Memo key is used for encrypting and decrypting the memo while we make a transfer or transaction
Active key is used for making Transfer of funds, Powering up/down, converting Steem tokens/SBD and updating our profile details.
Posting key is the most commonly used key and its purpose is for making posts in Steem, commenting, edit, vote, resteem and follow or mute others
I am planning to keep the Master Password and Owners key separately as they both have the power to modify our accounts and changing the password (keys). it will be kept offline in a paper in a safe place
Yes, the first thing to do will click on the wallet at the top right of our profile
Login to your wallet with the Active key and click on the mini down arrow near STEEM and click on Transfer from the drop-down menu
In the next window give information like recipients name, amount of Steem, and memo
And click next. Active key is used for transferring the funds
Yes, Inside wallet click on STEEM drop-down arrow and click on Power Up
Inside the new menu enter the amount which you need to convert into STEEM Power and click on Power Up
Active key is used for Powering Up our Steem Account
This task was really helpful for me as, I was able to understand the purpose of the 5 keys, which were given to me at the time of joining Steemit and I will make sure to keep all, the 5 keys securely with me in a safe way.
I was also able to learn the basics of using the wallet as well. Achievement 2 was really useful to me and also feel free to point out the mistakes I made, If any
want to know more about me, well here is my introduction post
Hi i am Sumit one of the team member of Steem Greeter.
I am happy to announce that i have successfully verified your achievement 2 post. Now you are eligible for performing your achievement 3 which is about content etiquettes. You can refer this post for your next task.
Note:
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Hi, @sachingeorge,
Your post has been supported by @heriadi from the Steem Greeter Team.
thank you @heriadi