Achievement 2: Basic security on steem / by @kennylogan MENTOR BY @cryptokannon
The task before me today is Basic Security on Steem, why it's important as a steemer to understand the significants of keys used on steemit.below are series of questions you need to know on how significant a key is as regards to account protection on steemit.
Question 1
Have you retrieve all your keys on steemit?
Yes i do, because at the point of registration a link was sent to download the pdf material which contain every details for ones accounts accessibility.it contains all the keys/password to be use for all account logins and wallet for each accounts.
Question 2
Do you know each of these key functions and restrictions?
yes the TRON public and private keys are use for transcations on Tron account for sending or receiving on Tron blockchain.
The posting key allows accounts to votes, post, edit, resteem, and follow or mute other accounts. it actually tend for everyday logging. though according to the lesson one above it is likely to have the password or key compromised the more one use it so a limited posting key exists to restrict the damage that a compromised account key would cause.
The active key is used for task that are very sensitive such as transferring funds, power up and down transactions, converting Steem Dollars, voting for witnesses, updating profile details and avatar, and placing a market order.
The owner key is only meant for use when necessary. The owner key is the most powerful key because it can be used to change any key of an account. Ideally, it is meant to be stored offline, and only used to recover a compromised account.
Memo key - Memo key is used for encrypting and decrypting memos when performing funds transactions.
Question 3
How do you plan to keep your master password?
saved on a seperate folder on all my devices that if my device is lost or faulty can be easily retrieved it on the other end, and on a flash drive.
Question 5
DO YOU KNOW HOW TO TRANSFER YOUR STEEM TOKEN TO ANOTHER ACCOUNT.
To transfer to another Steem user, first login with your active key for transfer, go to your steem in your wallet and click the drop down. Select transfer. Enter the name of the account you wish to transfer to and type in the amount of steem to transfer.
Question 5
DO YOU KNOW HOW TO POWER YOUR STEEM?
To power up, you have to visit the drop down behind the steem in your wallet, select power up
Now type the amount to power up and click ok
A special appreciation to @cryptokannon, @eberechi10 and @ngoenyi for assisting me and guiding me on how these keys works.
This is my Introduction post here
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