Achievement 2: Basic Security on STEEMIT By @nosorrow

Hello everyone, I am glad that my Achievement 1 post has been verified and I am happy to write my Achievement task 2.

In this achievement 2, I will be proving my understanding of the basic security on steem and how to make use of my steemit wallet, hoping that I have retrieved all my keys on steemit.

STEEM BASIC SECURITY
I will be starting by writing out the keys on steem. We have five crucial keys on steemit namely:
• Master password
• Posting key
• Active key
• Private owner key and lastly
• memo key

Master key
The master password as it is called is used to generate the posting key, active key, private owner key and the memo key. The master password has the greatest liberty to a user’s account and it should not be revealed to any one, It is better and safer to print out a hard copy and keep in a well secured place or to have a virtual memory backup such as Google drive in cases we loss the device or the devices was stolen

Posting Key
The posting key allows the user to have access to write posts on steem and it is most frequently used key on steem for making posts on daily basis. The posting key also can also be used to comment, vote, resteem, follow and mute other accounts and a well as edit posts on steem.

Active Key
Active Key is a very sensitive key that can do numerous things also. It controls users wallet and this implies that, sending steem, powering up, powering down, placing market orders and updating profiles all these can be done using the Active Key. So the Active key should be securely kept and shouldn’t be shared with anybody.

Owner Key
The owner key is another very delicate key that should be well guided. It can change the keys of an account and log the user out from his/her account. The owner key have a large extend of control over a user's account and should be stored in a very protected place offline preferably.

Memo Key
The memo key is used for encryption and description of memo when transferring funds. The memo key isn’t so sensitive and as a result it should not raise more concern.

Securing Passwords
Securing the keys in steem is another very important key because the keys are sensitive and are meant to be kept private. The posting key is save to give out but the owner key and master key should not be shared. It is therefore adviced to keep them in a very safe place like printing a hardcopy and keeping it in a very safe place.

Steem Wallet
There are three important different types of steem in steem wallet
• steem
• steem power
• steem Dollars

The steem: the steem can be trade with, power it up and can be transfer to another account.
The steem power : it can be converted to liquid steem and more of it will increase users influence.
The steem dollar: this can exchanged for steem and it can also be transferred to another users.

How to Transfer Steem Token to another Steem User
Transferring on steem token to another steem user requires the following steps:

Step 1: click on steem and select Transfer

Step 2: Fill the required information

The bluearrow shows where the receiver’s account should be entered.
The green arrow shows the amount to be transferred.
The memo space shows where the aforementioned should be entered.
Then click on next.

Step 3: Confirm Transfer and Click on OK

How to Power Up
In my wallet as seen in the image I have 0.001 steem in my wallet and want to power up so as to earn more steem power as described above. The steps below explained the process to follow.

Step 1:click on steem and select power up

Step 2: enter the amount of steem you want to power up. The yellow arrow points to the amount while the blue arrow points to the balance left.

Step 3: click on power up

I hope you will like reading through my achievement task 2 post. Thanks and stay bless.

Cc:
Cryptokanon