ACHIEVEMENT 2 @kennydavebobo Task : Basic Security on Steem
Greetings to all my fellow steemians, I entrain you to read with me as I write on what I've learnt about Basic Security on Steem.
Source
YES! I have retrieved all the keys as I've been told it is very important I secure it properly.
YES, I have gone through the article provided and I now understand and know function(s) and restrictions of each key(s)
ALL STEEMIT KEYS ARE AS FOLLOWS:
- MASTER PASSWORD - It is used to derive all other keys including the Owner Key and there is a very dangerous implications of revealing it to a third-party as they can steal the account and all the token in it.
- ACTIVE KEYS - It is used for transaction purpose and also powering up/down.
- OWNER KEY - It is the most powerful key and it's meant to be used when necessary. Offline is the ideal place to store the owner key as it can only be used to recover a compromised account.
- POSTING KEY - It allows account to perform everyday login activities like loging in, to make comments, to vote, to follow and unfollow and the likes
and also a limited posting key exits to restrict damage that a compromised account key would cause as a result of more use of the key. - MEMO KEY - It is used for encrypting and decrypting memos when transferring funds. One should use the pound or # sign before the memo to encrypt it.
I have secured my Master Password using different means. I stored it offline and also kept the hard copy as well with me only, since I know the implication of losing it to someone else so it is well secured with me only.
YES! I know how to transfer my Steem token to another Steem user account and I have shown step-by-step guide on how to go about it below 👇
Step 1: Click on "Wallet"
![Screenshot_20211110-134902~2.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmfFtvjQSS7PExUVJpmdS8nUZhNPB1iqmLqncZVbNyb4fy/Screenshot_20211110-134902~2.png)
Step 2: Click on the STEEM TOKEN, in my case I have 0.001 STEEM as highlighted in purple.
Step 3: Click on "Transfer
Step 4: Fill the form, input the username of user you want to transfer STEEM TOKEN to in the "To" field and also input the amount of STEEM TOKEN you want to transfer in the "Amount" field. Lastly, input your public MEMO key in the box provided "Memo" and click the "Next" button.
YES!
This is the step-by-step guide on how to power up Steem
Step 1: Click on "Wallet"
![Screenshot_20211110-134902~2.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmfFtvjQSS7PExUVJpmdS8nUZhNPB1iqmLqncZVbNyb4fy/Screenshot_20211110-134902~2.png)
Step 2: Click on the STEEM TOKEN, in my case I have 0.001 STEEM as highlighted
Step 3: Click on "Power Up"
Step 4: Fill the form, input the amount of liquid STEEM you want to power up in the "Amount" field shown. Then, click the "Power Up" button.
It is pleasure for me to learn about the basic details on how to secure my account and the functions of all keys.. Now I have the best understanding, how to use all keys and implication of exposing the keys to a third-party.
Thanks to this great platform for this opportunity and also my great appreciation to my mentors for their support..
Link to my achievement 1 task post: https://steemit.com/hive-172186/@kennydavebobo/achievement-post-1-introducing-myself-to-the-community
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