My achievement post2//The achievement 2// blockchain's security on steemit by @viemoney

in Newcomers' Community3 years ago

Hello steemians welcome to my today's post. In acknowledgment to the accomplishment task, I will be fulfilling my achievement task 2 being basic understanding on steemit security system.

It is proposed that every system, organization and any monetary services should protect their projects because any key or password is likely to be jeopardized, so it is in this blockchain. Every account has its own passcode which is the most vital thing.

If you someday compromise or publicize it to any third party website, then you will have to have it in mind that your owned tokens (STEEM, SBD, & SP) will be seized and you will have yourself to be blamed.

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Steemit platforms has 4 different passwords that is been used on different operations. Below I will explain how they work.

Posting key
The Posting key is the key that allows you to carry out activities like: Posting, commenting and voting. If you're thinking that you can use this key for monetary actions, then you are making a mistake. This keys also allows you to login to steem related platforms like steemit itself.

Functions of Posting key.
It is used to publish post and also commenting.
Editing post and comments
you can also use it to upvote and down vote other publications
You can also use it follow other account
Muting of post.
The abovementioned are the list of task that posting key can carry out. Now let's talk about the next key.

Posting key is the first key, though there's this other one that is been used to access your steem wallet, it is the "Master key" it is used to view your posting key and other keys in your wallet, you're advised to store it carefully, ideally offline. Now let's talk about the posting key.

Owner key
The Owner key has huge capacity to other keys. With owner key, you can request for another posting and active keys. You can also use this key to regain your lost account. Examine its crucial functions below.

Function of Owner key.

It is utilized to reset Active and posting keys
You can use it to reclaim your account
You can also utilize this key to refuse voting privileges.

Active key:
The Active key is another valuable key. Its authorizes you to execute monetary related actions on your wallet. It is very important among all other keys because its the door to your tokens. If lost it can't be obtained. Yo are instructed to keep it conserve.

Functions of active key

  • Transferring of tokens to other account
  • Used to power up or power down steem
  • it is also used to place other in the steem internal market
  • Vote for witnesses.

Memo key:
This key for now is not applicable, it is utilized for decrypting and encrypting Private information its purposes are just to decrypt and encrypt messages around the blockchain.

Question 1
Have you receive all your keys on steemit? Yes, I received it the first day I engaged the platform.

Question 2
Do you know each of these key purposes and rules? After exploring the four of them I could now defend that I know their functions and how they work.

Question 3
How do you intend to keep your master password? Like I have said, it is better you conserve your keys offline or writing it on a paper or conserving it in a flash drive, but for me I choose to write and conserve it safely on a journal.

Question 4
Do you know how to transfer your steem token to another steem user account?.
On this perspective, I have understood how to transfer steem token to another account. Let me show you below.

first step
Visit your steem wallet and click on any of the token that you want to transfer, it can be SBD or Liquid Steem. Once clicked a drop down menu that has:

Screenshot_20211122-004025.png

Transfer
Transfer to savings
Market
Power up.
Click on transfer and the next step is shown below.

Screenshot_20211122-004054.png

Once you click the transfer a page will popup then there you will fill out the details which are:
The recipient name and
The amount
Then click on send, you will be asked to put your password to complete the transaction. Remember to put your active key.
See image below.

Screenshot_20211122-004144.png

Question 5
Do you know how to power up your STEEM? Yes! I seized time to review my wallet and all it comprise, see how to power up below.

First you will visit your wallet like the previous method.now click on power up, once clicked you will be taken to a page where you will be asked to input the number of steem you wish to power up

Screenshot_20211122-003705.png

As you can see from the image, you will input the amount of liquid steem that you want to power up, after that you can now click on power up button and it will power up.

Screenshot_20211122-003743.png

Thanks for flipping through my accomplishment task, this is in fulfilment to my achivement 2 task.

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Congratulations your achievement has been verified by greeter fairy @ashkhan now you can proceed to your next achievement.

Rate: 2

 3 years ago 

I appreciate, thank you so much.
Should i tag you when i am done with my task3?
To enable you to see it and review easily?

 3 years ago 

Hi, @viemoney,

Your post has been supported by the the Steem Greeter Team.

 3 years ago 

I appreciate

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