ACHIEVEMENT 2 TASK: BASIC SECURITY ON STEEMIT BY @JUSKEM MENTORED BY @CRYPTOKANNON
What Are Steemit Keys?
Steemit keys refer to passwords or unique keys which allow the owner of an account to perform certain funtions on his steemit wallet and blog account. These keys like every other Password are personal and is not to be shared with a anybody because any second or third party access that grabs these keys could cause the compromise or harm of your account. For this, to keep your account safe, one must make sure that his keys are stored in a safe place that can easily be retrieved. This is because if one loses his keys, that person will automatically lose access to his Steemit wallet or blog.
The Master Key
The master password is the password given to you during your signing up which should be kept safe because it can be used to derive all keys for your account, including the owner key.
The Owner Key
The owner key is only meant for use when necessary. It is the most powerful key as it can change any key of an account. Its main function is for the recovery of a compromised account.
The Active Key
The active key is used for transferring funds, power up/down transaction, converting steem dollars, voting for witnesses, updating profile details and placing a market order.
The Posting key
The posting key is what allows accounts users to post, comment, edit, vote, resteem and follow or mute other accounts. it is also adviceable for users to login steemit everyday with their posting key.
The Memo key
This key is used for encrypting and decrypting memos when transferring funds. In order to encrypt a memo, use the pound/# sign before it.
The master password is used in deriving all other keys through your wallet when you have lost your keys but can still access your master password and will be retrieved from your safe storage place while the owner key is used solely when your account has been compromised.
These keys are all important so it is a must that you keep all these keys safe and well because you cannot recover your account if these keys are lost. Also, you are warned never to allow any third party to access your account or any of your private keys.
I have completely retrieved my private keys.
I stored my private keys on a special hard drive and I have also backed it up in my email.
Right now, I have also Learnt and understood how to perform a few actions on my steemit wallet. I will discuss them below
• Login to your wallet
• Click on the drop button beside your steem balance , there will be options.
• Click on transfer.
• Then a new window will be open, in the new window enter the username you want to send the steem to and the amount of steem you want to send.
• Write the memo (optional.)
Click on the next button. A confirmation page will show that you have successfully transferred steem to another user
• enter your steem wallet
• Click on the drop-down box, then select power up
• The system will request how much steem you want to power up.
• Then from the steem balance which will be visible on your screen, select the amount of steem you want to power up, then click on the power up button.
After some seconds a confirmation message will appear in your wallet indicating that your steem power has increased
With all of this information, one can now see that the security of your private keys can never be over emphasized as it is these keys that help you to perform activities on the steemit platform entirely. So ensure to protect your keys for the safety of your steemit blog and wallet.
Special Regards:
Cc:
@cryptokannon
@bright-obias
I stop by to inform you that I have successfully verified your achievement. You can now proceed with the program and perform your achievement #3, which is based on content etiquettes. Here I leave you the link to a publication about it, so that you can develop your next activity. Remember that the achievements' posts must be posted within the Newcomers' Community. Success for you.
Important information: remember that completing your tasks up to achievement #4 of the achievement program makes you eligible to be part of the support program for newcomers called 500SP Minnowsupport. I invite you to continue performing your other achievements.
Notes: none.