ACHIEVEMENT 2:BASIC SECURITY ON STEEM
Greetings to you all. I am mary Essien. I am back again to continue from where I stoped. Today am wri
ting on ACHIEVEMENT 2.On Achievement 2 there are 5 questions to answer.
Q1:Have you retrieve all your keys on steemit?
YES:This is when my account WAS created. And five keys were given to me.These are 1Private posting keys 2Memo key 3 Active keys 4 Owner keys 5Master keys.
2:Do you know each of these keys function and restrictions
YES:This Is the app use by participants to login to other apps to perform social actions like posting,commenting,and voting in steemìt.This is posting key.
3:Another is Active key:This key is used by steemìt participants for wallet and monetary related actions.It is used for transferring tokens or powering steem up and down
Memo key:Memo key function is for decrypting private transfer memos.
Private Owner key:This owner key affords the owner the opportunity to reset all the other keys. It must at all time be kept offline to avoid compromised. Its also used to recover stolen account within thirty days at https//steemìt wallet. Com.
MasterPassword:Masterpassword is what is used for generating all other keys. It is also used for generating document. And it must be kept secret at all time.
3QmQ:How do you plan to save your master key.
Ans:The best way to store master key is to keep it offline,that is by writing it in a dairy and keep it safe.
Q4:Do you know how to transfer your Steen to another steemuser account?
Ans:Yes I know. Ido this by login to my wallet and I go to my liquid
Steem balance and and click the arrow beside it and select transfer,a dialogue box will now come out where I write the username of the steemuser account am transferring it intoand the amount of steem am transferring and then click next.
Q5:Do you know how to power up your steem?.
Ans:Yes I know how to power up my steem.I will login to my wallet and I go my liquid steem balance,click the
drop down arrow beside steem,then select power up. Then on the box that will come out I will imput the amount of steem I want to power up. Then click power up.
Thank you all for going through my achievement 2. See you in my next achievement post. I am grateful to @ngoenyi that assisted me with this achievement post
This is my introduction post link
One thing that I hope @ngoenyi will tell you about is how to exchange Steem for currency. An important ability that Steem has is that it has no transaction fees. At some point, I hope that you will be able to sell some of your wares from your business to other Steemians. The value of a currency is based on people's confidence in that currency; which would you rather have US dollars or Canadian dollars. They are both pieces of paper, but I suspect you value US dollars more.
Imagine I visit Nigeria, and I have a pocket of Canadian dollars and a similar value in Steem. If I know I can buy food with Steem but not Canadian dollars, I will have greater confidence in Steem.
If you sell your wares for Steem and know that you can exchange the Steem Dollars easily for US or Nigerian currency, your confidence will rise.
If everyone's confidence rises, the value of Steem and Steem Dollars will rise.
Keep up the good work.
You are very correct @marynessien, confidence in a currency gives it more value.
Thank you so much
Hi @marynessien, congratulations on your successful completion of your Achievement 2.
It is my pleasure to announce to you that you can proceed with Achievement 3 which is content etiquette
I also want to encourage you to complete all the Achievement posts in the newcomers community by @cyptokannon. Check here. This will place you in a position to take advantage of the helps rendered to all newcommers.
Thank you for completing this Achievement!
Hi, @marynessien,
Your post has been supported by @amjadsharif from the Steem Greeter Team.