Achievement 2 Task by @mahishines : Basic Security on Steem

mahishines (59)Achievement 4 Verified/R3in Newcomers' Community • 5 years ago (edited)

Hello everyone!!
I hope you guys are doing well.
I am Masih Ullah Jan.

I have Already posted My Achievement 1 Post .

First of all, I am very thankful and grateful to be a part of #steemit Community, especially @cryptokannon for this wonderful task.

Edited on CANVA

For me Achievement 2 is the most important task because one has to read then understand, and then write about everything learnt. Achievement 2 is about testing my knowledge about steemit Various keys.
Our account in Steemit is safe and secure because of different keys. Therefore, all the efforts will be worthless if one disclosed these keys with anyone.

There are some questions given in this task by honorable @cryptokannon that I will be answering in this post.
There are Various keys in steem it and each one has its own use which will be discussed in this article.

Question 1 : Have you retrieved all your keys on steemit?
Answer : yes, I have retrieved all the private keys and I have secured it in my offline diary and other secure place.

Question 2: Do you know each of these key functions and restrictions?
Answer : Yes, I do. Each key has different function. It is like you cannot open the door of your room with some other keys. I mean to say is you cannot make transaction via Posting key.
There are following keys that are to be discuss here:

POSTING KEY :

This key is used for social networking. One can comment, post content and voting. You can edit the post, resteem others content, different blogs to follow etc. etc. this key is restricted to the aforementioned works and not related to monetary actions. I think this is the safest key and it will not make much damage.

ACTIVE KEY

This is the sensitive key because it is related to monetary related actions. With this key you can perform wallet transactions, power up, and power down. The key is used in transfer steem, buy, and sell steem. Being a newbie, I have not used it till now.

OWNER KEY

It is the most important key. With this key, one can reset keys including owner, posting and active key. Account Recovery is possible with this key. Therefore, keep this key very in a very secure place.

MEMO KEY

The function of this key is to send encrypted and decrypted messages while making transactions. This key is not commonly used though.

TRON ACCOUNT PRIVATE KEY:
Although I have not used this key yet, but I learnt about it. This key is used for Signing transactions of TRON. For example: transfer tokens etc.

Question 3: How I plan to keep my master password:
I have saved it in my most secured place where only I and my parents can reach. Secondly, I have stored it in few offline places where I can get it easily however, other would struggle to find it.
Question 4: Do you know how to transfer your steem token to another steem user account?