ACHIEVEMENT2: BASIC SECURITY TIPS ON STEEMIT BY @codingherald

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link to achievement1: https://steemit.com/hive-172186/@codingherald/achievement1-codingherald-introduction

Greetings ,

This post is on my achievement 2 to set out my understanding of the Steemit platform and how the keys function and also their use and storage. I'll do my best to write out to the best of my understanding.

Question 1: Have you retrieve all your keys on Steemit?

Yes, all my steemit keys have been retrieved from the Master Password, owner key, active key, memo key and posting key, and first store them in my computer and also get to store them in my google drive in case of computer failure or any inconvenience related with the computer, i won't loose the keys.

Question 2: Do you know each of these keys functions and restrictions?

Yes, i've gone through the Steemit documentation and have a full mastery of the various keys and their respective functionalities. I'll list the keys below with each keys respective functionality. The list goes thus;

Starting with the top most important key: Master Password.
The Master password which is also a key though not often referred to Master key because of its superior functionality as the mother key to all other keys which means the "Master Password" is the key used to generate other keys. The Master Password is also referred to as the "seed key" because it is the first primary key created and it is from it that all other keys are generated.
The Master Password as mother key can use perform many functions from social activities to financial activities. The Master Password because of its diverse functionality can also be used for everything though no an encouraged idea as it is suppose to be kept secure and if all other keys are used appropriately then the master password might really never be used unless when there is need to regenerate other keys.
The master password(key) is that key you don't want to mess around with because someone having access to your master password has access to your account and can do whatever they like with you account. So the key should be well stored and secure from reach of hackers and cross site scripting(XSS) theft.

Owner Key;
This key is a very important key. the owner key can change any key of an account including the owner key. Its safe storage is meant to be put offline and only used to recover compromised(or stolen) account.

Active Key;
The active key is used to transfer funds, voting for witness, power up/down transactions, converting of Steem Dollars, placing a market order and updating profile details and avatar.

Memo Key;
This is key is used for encrypting and decrypting memos when transferring funds.

Posting key;
The posting key comes at the bottom of the hierarchy( that's in comparison between all the keys) as it is the most commonly used of all the keys. The posting key can only used for social activities like posting, commenting, upvoting and downvoting. The posting key handle activities that don't need a high level of security or authorization but incase you loose your posting key and need to retrieve your Posting Key, go to the permissions tab inside your Steemit wallet. Your public Posting Key will be at the top of the page and alongside it you will see a button that says “SHOW PRIVATE KEY.” When you click on that button you will be prompted to input your Active Key or Master Password. Once you do so, your private Posting Key will be displayed. At this point you might want to consider saving this key which is very important.

Question 3: How do you plan to keep your master password?

The master password is to be stored in my google drive (encrypted) and also my computer safely.

Question 4: Do you know how to transfer your Steem token to another steem user account?

Yes. I will take a simple walk through how to do so with some screenshots of how to complete or go through the transfer process from one steemian to another.

Step one: In your steem account,"left click" on your avatar or profile icon to show a drop down menu, from which you will choose the option wallet

Step two: In your wallet, click on the arrow pointing down on steem and choose the option transfer

Step three: in the menu that appears, type the username of the account of the account you are transferring to and also the amount of steem tokens you wish to transfer.

Step four: Click next, then confirm.

And the the Steem tokens will be transfered to new steem user account and the process is then complet.

Question 5: Do you know how to power up your Steem?

Yes. Powering up Steem follows a procedure which i'll walk through with some sample screenshots for better understanding.
Step one; move to your profile picture if you're not yet already in your steem account, and click on the profile icon then choose the option wallet

Step two; In your wallet, Click on the arrow pointing down on Steem and choose power up.

Step four; Put the amount for the power up and click the Power Up to confirm after which the process is done and the powerup successful.

Hope my Answers to the above questions and directions will be of help to someone walking through the Steemit ecosystem.