ACHIEVEMENT 2 BASIC SECURITY ON STEEM@ chioma2021 10/9/2021
My apreciation goes to @bright-obias ,@cryptokannon,@steemcurator03 and all steemmians for give me the privilege to make a post in this community, thanks so much I sincerely appreciate you . in this achievement ,I would be bring to your attention and broader understanding to it barest limit on the steem security system.
THE BASIC SECURITY IN STEEMIT
Security in steemit blockchain,is easier to understand that Without the knowledge of how the security works on the system, one might lose his/her valuable and it may be painful to such individual, so below is about the keys and its uses in as much as the blockchain is concerned.
However, They are five important security keys in Steemit blockchain atlarge which can be used for different purpose in once steemit account and i advised it been kept safe and not to be exposed, i beter advice all steemians to better safe them offline or in your Google account manager to avoid total misplacement. Each of those keys has its vital functions and fundamental uses and hence i take my discuss on the below listed keys and its basic functionality as organized by the steemit ecosystem.
THE TYPES OF KEYS AND ITS FUNCTIONS
POSTING KEY
posting key is a primary key,which in other words not too relevant but it shouldn't be toiled with because is it quite important basic on it functionality, as a primary key not much are required from it in terms of higher level of security,and one cant get official permission to any operations that is linked to the token in your wallet.
The functions of posting key
*It is use to publish & edit a post or comment
*It is use for upvoting & downvoting
*mostly likely for resteem content
*It enables one to follow people
*will be use to mute accounts as well
THE ACTIVE KEY
This key is basic,and most likely more advance in terms of the posting key above an should be kept safe because it has authority on details that links to financial aspect of your account, thus an individual need this key to access your wallet.
The functions of active key
.The can be used to transfer tokens
.This can also be used for power up & down of steem
.This can be use for editing your profile
.This can be used to Vote for witnesses in steem community
.It Create a new user in steemit
OWNERS KEY
This key serves almost as the masters and i would call it a secondary key ,but it not the masters key by any chance but can act as one in some minor cases,it is also powerful and very useful because it can be used to change any other keys on the account, including itself . You're advised to save this password offline and in any other Google account manager for safety just to avoid displacement, also external disk(memory cads) or flash drive are to be use in saving as well and we only uses it to recover a compromised account or stollen account.
The functions of owner key
.It is used to reset Owner, Active, and Posting keys
.It help in recover recovering your account and declining voting right
MASTERS PASSWORD
This key is the almighty key that is the tertiary over all keys which is the most valuable access password you can't afford to misplace, it is used to unveil and unlock all keys on your account, even the owner key that was discussed earlier . and when you sign up for steemit it is the first password that will be given to you to login and access your wallet. This key can not be found when after you have access your wallet,nontheless but provides it been stored in a save place you cant be lose,but not a If your master password is exposed to any third party site or if someone sees it, they can steal your account and all of the finance and valuables in it. it is advice you save this password according to the saving suggestions specified for other keys and more above,if you eventually loss it you cannot recover it and thereby losing access to your steem account and wallet at large.
MEMO KEY
It is a secret keys and it one of the keys that are not frequently used in the steem ecosystem and blockchain atlarge for the mean time though has it importance values however it has some trategic values.
The functions of memo keys
.This key is used to send an encrypted private message
.It is used as well to view an encrypted private message
SUMMARY
I strongly advise you save your master password properly etc, for it is the most powerful of all password.you can only login into your account using the key with the appropriate permissions for what you are doing. If logging in with your posting key, make sure you don't overwrite it. Do not disclose your password or keys with any third party site as mentioned above and the reason for all this emphasis is for the knowledge and consciousness of holding your key safe to stick in once mind to avoid tears ,except you are sure of that site, they phishing site that has been created to steal peoples credentials are all over the net thus one need to be very careful while using your keys, so take note of this, don't fall victim. Always remember, there is no way to recover your account if you lose your master password or owner key as well. If your account is stolen you can only recover its ownership and not the funds.
In other words i for sure i have expend the essential value of all this keys and i hope i have brought to your understanding the importance of this keys.
STEEM
Tradeable tokens that may be transferred anywhere at anytime.
Steem can be converted to STEEM POWER in a process called powering up.
1.100 STEEM
STEEM POWER
Influence tokens which give you more control over post payouts and allow you to earn on curation rewards.
Part of chioma2021's STEEM POWER is currently delegated. Delegation is donated for influence or to help new users perform actions on Steemit. Your delegation amount can fluctuate.
STEEM POWER increases at an APR of approximately 3.31%, subject to blockchain variance. See FAQ for details.
1.638 STEEM
(+14.192 STEEM)
STEEM DOLLARS
Tradeable tokens that may be transferred anywhere at anytime
$ 0.081
SAVINGS
Now depending on what you want to do ,buy steem with sbd power up ,transfer or trade all on your choice but would go on buying steem with sbd in your wallet at the region steem dollars
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