Achievement 2 @yuceetoria: Basic Security on Steem.
Achievement 2 is one of the most important level in steem that a newcomer must endeavour to participate in. One has to understand what are functions of the keys and what they are for and be very careful with each of them.
As @cryptokannon made me understand, the task is basically for newcomers to have an insight on their different keys and how they work.
Q1. HAVE YOU RETRIEVED ALL YOUR KEYS ON STEEMIT?
Yes, I have.
Q2. DO YOU KNOW EACH OF THESE KEY FUNCTION AND RESTRICTIONS?
Posting key - The posting key is for everyday logins. It is used for all the social activities on Steemit; posting, commenting on posts, edits, voting, resteeming, to follow mute other accounts.
Active key - The active key is meant for more sensitive tasks such as transferring funds, power up and down transactions, converting Steem Dollars, voting for witnesses, updating profile details.
Master key - The master 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. It is advisable to always save the keys in a safe place, and used only when necessary.
Memo key - This key is used for encrypting and decrypting memos when transferring funds. In order to encrypt a memo, use the pound/# sign before it.
Q3. HOW DO I PLAN TO KEEP MY MASTER PASSWORD/KEY.
I plan to save it in my email, so it would be easier for me to retrieve when needed.
Q4. DO YOU KNOW HOW TO TRANSFER YOUR STEEM TOKEN TO ANOTHER ACCOUNT.
To transfer to other account, first login with your active key for transferring, then go to your steem in your wallet and click the drop down. Select transfer. Type in the name of the account you are transferring to and type in the quantity of steem that you want to transfer.
Q5. DO YOU KNOW HOW TO POWER YOUR STEEM?
To power up, just go to the drop down beside your steem in your wallet, choose power up
Then type the quantity you want to power up and click ok
A special thanks to @cryptokannon, @focusnow and @ngoenyi for their assistance and guidance on how these keys works.
@yuceetoria thanks for your nice entry.
At least to some extent, you know how to secure your passwords, power up your steem and so forth.
Always follow @steemitblog for more information.
Best regards.
Thank you for the encouragement.