STEEM Blockchain Privacy .
When it comes to blockchain, privacy, and security are the two common things that make blockchain more reliable and trustworthy as users' data are been secure from third parties having access to the information of users which steem blockchain has special privacy features for users.
How does the STEEM blockchain incorporate privacy features for users, and what security measures are in place to protect sensitive data?
Steem blockchain incorporates privacy features for users, by promoting the immutable of the STEEM coin transactions and the security of users' data. STEEM blockchain makes use of encryption algorithms and follows the best industry practices in the blockchain space to protect the funds of users, and sensitive data of users.
STEEM blockchain also incorporates privacy features for users and security measures that are put in place to protect sensitive data by undergoing frequent security audits and the blockchain has implemented serious measures to prevent fraud and sensitive data into the hands of third parties.
Also, the Steem blockchain makes use of the encryption of private keys to protect user data the only way that a third party can have access to user funds is when the third parties have access to the user keys.
Finally, in the Steem blockchain both email and phone number are required when creating an account so in case a user who has lost his or her keys wants to get them back the user would have to make it known so a retrieve link can be sent to the user's mail.
How have privacy mechanisms, such as private transactions or account privacy features, been implemented on the STEEM blockchain?
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The mechanisms, such as private transactions or account privacy features, were implemented on the Steem Blockchain a long time ago to protect user funds and sensitive data.
The Steem blockchain or the Steemit platform doesn't in any way store our private keys on any browser or server. Let's take for instance the cases where pairs of keys such as the private and public keys can be used for encryption.
With these two keys, I can encrypt a message, with my public key, and send the encrypted message in full, which is because I know my private key which can only be used to decrypt the message.
Talking about private messaging features I don't think it is on the Steemit platform, which encryption of communication like the one we have discussed can make use of these two mechanisms.
The private transactions are used for signing in and having it you can encrypt messages such as transactions using the private key, which anyone that has access to your public key can't encrypt transactions. In terms of privacy features the Steem blockchain can have features that allow users to deploy more security for themselves.
How are security protocols, such as data encryption and protection against potential attacks, strengthened on the STEEM blockchain?
Security protocols, such as data encryption and protection against potential attacks, strengthened on the STEEM blockchain have helped improve the Steem blockchain by preventing fraudulent activities in such a way that a user who doesn't have access to your private key can't withdraw your funds.
This has made whatever is done in the Steem blockchain more secure as you can only view, and read, but cannot have access to the user data if you are not permitted by the user to do so. Data encryption and protection against potential attacks as you cannot have access to other users' keys.
Can you illustrate specific use cases where STEEM's privacy features have been particularly beneficial to users?
I have seen a case, where a user's account was compromised by her friend who had access to her phone the user became aware of the incident and quickly changed her keys using her master key.
The user person who initiated the power down couldn't withdraw because the user noticed the issue earlier and quickly changed her keys. I also, I have benefited as a user at the time I lost my phone.
Before I lost my phone, I had backup my Steemit keys somewhere which immediately I lost my phone, I immediately, changed my Steemit keys so whoever would have access to my phone wouldn't have access to my Steemit account, even if the person didn't the keys would be useless to the person.
What do you think are the next steps to develop to strengthen privacy and security on the STEEM blockchain, and how can these improvements influence the adoption of the platform?
Well, I think the steps to develop to strengthen the privacy and security of the Steem blockchain and how these improvements influenced the adoption of the platform is to deploy 2FACTOR Authenticator, SMS alert, and email code to users when they want to perform transactions.
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2 Factor Authenticator or SMS code would serve as an additional security that would help prevent someone from having access to your account or devices. Two-factor authenticator or SMS code can be integrated into the Steemit platform when a user wants to make transactions which should be needed as a third security measure to authorize the transaction.
I am inviting: @woka-happiness, @dave-hanny, @vickyson
Encryption algorithm and cryptographic techniques are used by this blockchain for making the data and transactions encrypted and more private and secure but when we talk about transactions privacy then it is not 100% because whenever we transfer our rewards and we receive something then not only that particular user can approach and can see it but everyone is free to check it from the transactions history.
You have also explain some of the suitable ways that can be very helpful in the making this blockchain and platform more and optic by users in future by the development of more and more privacy and securities strategies I wish you good luck.
I appreciate your support friend. Thanks.
Pleasure 😍
Thank you, friend!
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Your post is sublime dear friend as usual. You said that Steem blockchain incorporates privacy features for users, by promoting the immutable of the STEEM coin transactions and the security of users' data. Yes completely agree to your statement here. Here users only need two types of securities: one is keeping things personal and private, and the safety of your account, and second is the security of your founds. I am satisfied with both these matters here on Steemit.
You have given some beautiful suggestions here Steemit can improve. The suggestion of 2A authentication verification is very much valid. I have mentioned it in my post too. I hope we will see it very soon, because more people are talking about it.
I pray for your success in the contest
I am glad you like what I have shared. Indeed, the security features of STEEM blockchain is much acceptable and powerful in protecting our data. Thanks for reading.
Hey dear your implementing privacy features and maintaining strong security measures on the STEEM blockchain shows a commitment to protecting user data and funds. With encryption algorithms and frequent security audits, users can trust their information is safeguarded. The requirement for email and phone verification adds an extra layer of security, ensuring access recovery is possible if keys are lost these efforts contribute to a reliable and trustworthy platform for users...Stay blessed
Hello @jasminemary your article on STEEM blockchain privacy is well explained and thorough. I appreciate your focus on encryption security audits and key protection. Your reallife examples bring clarity to the platform's practical benefits. The suggestion for 2FA SMS alerts and email codes reflects a thoughtful approach to enhancing security. Best of luck in the contest! Your insights contribute significantly to understanding the importance of privacy in the blockchain space.
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Agree with you another option we can take to increase security is that we can login through two factor generation code through OTP or SMS. As we can see when we go to make transactions in different crypto exchange wallets. There are many people who have lost their PDF password and lost their account. If the system of mail verification and mobile verification were simpler then there would not be so much fear about it. Very well written, best wishes for you.
Hey sis JasmineMarie your article explains the STEEM blockchain privacy issues beautifully. Your ideas and suggestions, such as 2 Factor Authentication, SMS alerts and email codes, can be instrumental in strengthening security.