Achievement 2 :Basic Security On Steemit

Objectives of this Task is:

+New users have knowledge of basic security on steemit such as how their master passwords work and can differentiate the use of their account posting key, activation key, private owner key, and memo key.

+New users understand the use of their steemit wallet.

How can I keep my Steemit account secure?
Save your master password and keep it somewhere safe.

Only log into your account using the key with the appropriate permissions for what you are doing:

Posting key for everyday logins
The active key when necessary for transfers, power-ups, etc.
Master password or owner key when changing the password

Again, save your master password and keep it safe! If logging in with your post key, make sure you don't overwrite or misplace your original master password.

It is not recommended to share your password or keys with any third-party site. Steemit Inc. is developing a login application that can be used on third-party Steem front ends.

Why should I be careful with my master password?
The master password is used to derive all keys for your account, including the owner key. If someone has access to your master password, they can steal your account and all of the tokens in it.

What are my different keys for?

Posting key - The posting key allows accounts to post, comment, edit, vote, resteem, and follow or mute other accounts. Most users should be logging into Steemit every day with the posting key. You are more likely to have your password or key compromised the more you use it so a limited posting key exists to restrict the damage that a compromised account key would cause.

Active key - The active key is meant for more sensitive tasks such as transferring funds, power up/down transactions, converting Steem Dollars, voting for witnesses, updating profile details and avatar, and placing a market order.

Owner key - The owner key is only meant for use when necessary. It is the most powerful key because it can change any key of an account, including the owner key. Ideally, it is meant to be stored offline and only used to recover a compromised account.

Memo key - This key is used for encrypting and decrypting memos when transferring funds. To encrypt a memo, use the pound/# sign before it.

What do I do if I lost my password/keys?
There is no way to recover your account if you lose your password or owner key! Because your account has real value, you must save your master password somewhere safe where you will not lose it.

It is strongly recommended that you store an offline copy of your password somewhere safe in case of a hard drive failure or other calamities. Consider digital offline storage, such as an external disk or flash drive, as well as printed paper. Use a safe deposit box for the best redundancy.

What is the difference between Master Password and Owner Key?
Master Password is used to generate all the other keys, including the Owner Key. The only reason you should ever really be using your Master Password is when you are going through the account recovery, in which case you should be retrieving the Master Password from your safe storage.
The Master Password is the password you get upon signing up. You should then take that password, go to your Steemit.com wallet, retrieve all the other keys, and only use those keys going forward.

As part of your task, you have to read this article by @kiwiscanfly on Understanding your steemit wallet

Your task for Achievement 2 is to make a post with a title
Achievement 2 @youraccountname Task: Basic Security on Steem

Make sure you have read all the information on the different keys on steemit and all the security measures and the other additional task. Then write a post based on these questions below and please be creatives as possible as this will be the factor in rewarding your post.

Question 1
Have you retrieved all your keys on steemit?

Question2
Do you know each of these key functions and restrictions?

Question 3
How do you plan to keep your master password?

Question 4
Do you know how to transfer your steemit token to another steemit user account?

Question 5
Do you know how to power up your STEEM?

I'm looking forward to your post.

Please put the name of the country where you currently residing as one of your tags and this achievement tag #achievement2

DISCLAIMER: DO NOT UNDER ANY CIRCUMSTANCES UPLOAD A PICTURE OF ANY OF YOUR KEYS! EVEN IF YOU HAVE DIGITALLY DRAWN OVER THEM.
Sources:
What are my different keys for?
Steemit Basics: Understanding Private Keys

#achievement2 #cryptokannon #steemexclusive #mentor #newbie #steemit #nigeria