ACHIEVEMENT 2; BASIC SECURITY ON THE STEEM BLOCKCHAIN BY @EPHRAIMEKA || MENTOR BY @CRYPTOKANNON

in Newcomers' Community4 years ago (edited)

Thank you@cryptokannon and @talktofaith and all #steemmians for the privilege to make a post in this community, thanks so much I sincerely appreciate that.
In this achievement, I would love to bring to your attention and broaden our understanding on the steem security system.
THE BASIC SECURITY IN STEEMIT
BLOCKCHAIN.
Security in steemit blockchain,it is imperative 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.
Presently, There are about five basic security keys in Steemit blockchain which can be used for different actions on your account and i advised to be kept safe not to be exposed, I think is better you safe them offline or in your Google account manager to avoid total misplacement. Each of those keys has its roles and fundamental functions and this is where I take my direction on. Below is the listed keys and its functions as organized by our experts.
TYPES OF KEYS AND ITS FUNCTIONS

8AE42C7B-4F8B-4110-B140-2E5BCABE5FFD.png

        POSTING KEY

This key is not too relevant but is it quite important to understand it functionality, It does not require a higher level of security,and it does not give official permission to any operations that is linked to the token in your wallet.
The fundamental functions:
*Publish/edit a post or comment
*Upvoting or downvoting
*Resteem content
*Follow people
*Mute accounts.
THE ACTIVE KEY
This key is important an should be guided because it link details on the financial aspect of your account, thus an individual need this key to access your wallet.
The fundamental functions
*Transfer tokens
*Power STEEM up or down
*Editing your profile
*Vote for witnesses
*Place an order on an exchange
*SBD Conversion
*Create a new user.
OWNERS KEY
This key serves almost as the masters but it not the masters key,it is also powerful very useful because it can be used to change any other keys on the account, including itself but it cannot be used as master password. You're advised to save this password offline or via Google
account manager, also external disk or flash drive or in printed papers can be a save method
to save it and we only uses it to recover a compromised account.
The Fundamental functions
*Reset Owner, Active, and Posting keys
*Recover your account
*Decline voting rights
MASTERS PASSWORD
The masters password is the most valuable access password you can't afford to misplace, it is used to unlock all keys on your account, even the owner key that was discussed above. 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 be found ,when you have accessed your wallet, you can lose your account 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 valuable in it. So it is recommended you save this password according to the saving suggestions specified for other keys above,if you eventually loss it you cannot recover it and thereby losing access to your steem account.thats how imperative the key is.
MEMO KEY
The memo key is not frequently used in the steem blockchain for now though has it importance,however it only has two purposes.
The fundamental functions.
*Send an encrypted private message
*View an encrypted private message

How To Power Up
Click on the drop-down menu button beside Steem, after logging in to your wallet with your active key.

385749FF-D099-4645-BDAD-3C2C32334464.png

Select power up
Include the amount you want to power-up and click on Power-up

B3DAF6AB-7892-4FBD-B90D-BB821978EE2F.png

Include amount and select power-up
Congratulations, you have successfully powered up your Steem.
How to Transfer:
Click on the drop-down menu button beside Steem, after logging in to your wallet with your active key.

C2820C3F-EDD0-46DB-844E-7C87575A6730.png
Select transfer and follow the procedure

Conclusion ;
NOTE:
I advise you save your master password offline 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 except you are sure of that site, there are phishing site that has been created to steal peoples credentials, 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!, If your account is stolen you can only recover its ownership and not the funds.

Thanks.
I hope i have brought to your understanding the importance of this keys...
I am honored to be here
Thank you @talktofaith
@focusnow

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 4 years ago (edited)

I've written down my Master password in my personal notebook, then I've erased it from device in case it's get stolen or hacked. 😆 Hope not to suffer a burning. This post demonstrate you have understood the necessary basic aspects regarding to the keys. Great job! 👍🏼 Go ahead to the next achievement. Greetings 👋 #onepercent #affable #venezuela

 4 years ago 

Greeting to you too
Thank you

 4 years ago 

Hello @ephraimeka, you have done great in taking the steps to complete your achievement 2, however, in the task Here it is given that you should have basic understanding on how to use your steem wallet.

I will like you edit the post and answer the question 4 & 5:

  • Do you know how to transfer your steem token to another steem user account?

  • Do you know how to power up your STEEM?

You are welcome to do that with image samples. Thanks for your understanding.

I look forward to your correction.

#affable

 4 years ago (edited)

I have made the update to this post as you said
I hope to inform you on it
I hope i answered correctly

 4 years ago (edited)

Congratulations !

You have successfully completed achievment 2 task on "Basic Security on Steem". You can now proceed to Achivement 3 : Content Etiquette.

Compilation of on going Updated 13th November contests on Steem by @rishabh99946

You have been upvoted by @bright-obias and we are voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit.

Follow @steemitblog for the latest updates and news on steemit platfrom and follow @steemingcurators for find more information about new contests and events.

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