The Wallet with your STEEM/SP and SBD will soon be separated from Steemit.com! More security + faster development.
The Roll Out of the new Steem Wallet app is live! HERE.
This is excellent news for two reasons!
More security for all users of Steemit.com and it Speeds up development of Steemit.com!
Reason 1: Security for all users
Steemit.com is the most used frontend of the Steem Blockchain.
Besides the social aspect (posting) it also provides a wallet where you can transfer tokens (STEEM/SBD).
Now, a lot of users are still not familiar with the proper security of their account.
Many login with the MASTER password they were given when they created their account.
The MASTER password allows you to post and to transfer tokens.
But that's not needed most of the time. Most of the time a user just wants to upvote and post content.
Logging in with a key (it's called the posting key) that allows only that and doesn't allow to transfer makes sense because if for some reason your posting key is compromised the 'hacker' can't transfer any of your STEEM/SBD.
Now that's safe!
Logging in with your posting key is going to be forced on users soon on Steemit.com and the reason Steemit Inc. will be able to do that is because they have separated the wallet aspect from Steemit.com.
If it's no longer possible to transfer tokens from Steemit.com there is 100% no reason to login with anything but your posting key.
Reason 2: Speeds up development!
When Steemit inc. no longer has to worry about users using the wrong keys on Steemit.com they can speed up development.
It's just easier to develop if you don't have to fair about security as much as before.
@justinw from Steemit Inc. says it best:
Since condenser (the software that powers steemit.com) will soon not have a need to handle high value keys it will be much easier to add new features to the social media side (steemit.com) without as much security review. This means it will also be much easier to merge in desired community contributions.
I'm hoping with that statement we can expect some cool changes to Steemit.com in 2019.
The roll out is currently ongoing.
Once the Wallet app has been sufficiently tested, the new Social app will be rolled out to steemit.com. At that time, users who attempt to access their Steem wallet will be redirected to wallet.steemit.co, so it was very important to maintain a consistent user experience. At that point, the Condenser Split will be complete.
To access to separate wallet you can go to https://wallet.steemit.co to check it out.
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Oh wow, that's going to be a big change! Thanks for letting us know. I'm always a bit nervous when it comes to security and Steem eventhough I don't have the funds like some of us here :) For some reason it feels like there is room for improvement on this topic.
Steem has the best security of all crypto with the different keys. Hopefully hosting the wallet somewhere else outside of Steemit.com will educate more people about it.
Now that make a lot of sense...seperating wallet from the main site....hardly people use wallet ..except when they need to transfer...so better to put off some weight from the main site to give it room for more added features.....thanks for bringing clarity.👍
Posted using Partiko Android
Wow, that is really cool. I didn't realize they were working on this. It only makes sense though. I am not a big fan of leaving my crypto on exchanges and that is kind of how it feels when I am using the wallet inside of Steemit. Having it separate will definitely be a positive in the long run I think.
I also liked the way they described their focus to deploy things before starting on other things on the roadmap. I have seen some asking about SMTs and disappointed that they have not been mentioned but they miss the fact that they are still thin and focusing on infrastructure at the moment.
Posted using Partiko iOS
I had no idea this was under development, thanks for that information!
Not only it is great because of that 2 reasons, but maybe with this change, people will start to understand and separate the STEEM blockchain from Steemit.
Ahh great to hear it's life, now I can explain other people the steem wallet. Thank you for sharing. You see still some stuff happening. Don't forget the price rise of the buy option in drugwars too and lots of other stuff you can post about. And I missed the radio session of yesterday again. I need to take Fridays off to work on those kind of projects. 😂🤣🤣😎
Posted using Partiko Android
kinda exciting and they did such a lovely job with the design, fonts and white space, makes the whole thing feel a lot more solid and robust.
It looks nice and familiar at the same time.
Where exactly can you still login with your master key? I can see most users now freaking out because their password doesn't work. I am recieving a notification on one account but not others. Where does one go to view their keys now?
Posted using Partiko Android
What about other frontends like busy or steempeak? As far as I remember they ask for master key, didn't they?
Posted using Partiko Android
This is nice to read about the new development. It will surely increase the security for all users