Achievement 2 @nishadi88 Task: Basic Security on Steem

Source

I would first like to mention @cryptokannon of giving us new members this opportunity. From these tasks we have been able to gain a better understanding of Steemit. I read and understood the article on understanding the steemit wallet written by @kiwiscanfly. That article helped me to complete this task easily

I have already obtained all the keys in Steemit. The keys I have obtained are the posting key, the active key, the owner key and the memo key. The functions and limitations of each of these keys can be described as follows. Also, I have already secured my master password in the computer. Because it cannot be allowed to disappear.

The most frequently used key to access Steemit on a daily basis is the Posting key. This key allows us to post, edit, comment and vote on accounts.

Uses the active key to update financial and profile details. It can handle transactions, transfer funds, convert steem dollars, and vote for witnesses. The active key is also used for sensitive tasks such as placing market orders.

The most powerful of the above keys is the owner key. It has the ability to change any key. It is used only when needed.

The function of the memo key is to encrypt and decrypt those memories when transferring funds.

We can find out about Steem and Steem Power in our wallet balance. Steem is a liquid form that can be powered up to steem power. If necessary, Steem Power can be converted back to Steem in about four weeks.
Also I now know how to transfer a Steem token to another user account.

#srilanka #achievement2 #security #steemit