ACHIEVEMENT 2 @abdoul-aziz : Basic Security on Steem

in Newcomers' Community3 years ago (edited)

Hi STEEM family,
How is everyone I hope all is well, Sorry I have been dormant for a while all due to very personal issues, Today I will like to talk about the various steemit keys and security which is achievement two. I will try to structure my write up based on how @cryptokannon enlighten on her article.
QUESTION 1: Have you retrieve all your keys on steemit?
I was able to retrieve all my keys upon signing up into steemit and saved them. There are 4 main keys which are the master key, the owner key, the active key and the posting key
QUESTION 2: Do you know each of these keys functions and restrictions?

MASTER PASSWORD: The master password is the password given to you during your signing up which should be kept safe as it can be used to access an account and it is used to generate other keys.
OWNERS KEY: The key is only needed when necessary, and it is the strongest key because it can change any key of an account. It is used to recover a compromised account.
ACTIVE KEY: The key is for transferring funds, power up/down transaction, converting steem dollars, voting for witnesses, updating profile details and placing a market order
POSTING KEY: This key is what allows accounts to post, comment, edit, vote, resteem and follow or mute other accounts. And it is adviceable for users to login smeemit everyday with the posting key.
MEMO: This is used for encrypting and decrypting memos when transferring funds. And in order to encrypt a memo, use the pound/#sign before it.
QUESTION 3: How do you plan to keep your master password?
These keys are important which must be kept in a good place because it is certain that you cannot recover your account if you lose it, and with your secure keys you can be sure that third parties will not use them in any way, I saved my password on my Phones notepad and my email.
QUESTION 4: Do you know how to transfer your steem token to another steem user account?
Thanks to my mentor @saxopedia who educated me on this I have practiced how to transfer steem token to another steem user account. After i login to my wallet, sign in with my active key and clicked on steem dollars drop down arrow.

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Then clicked on transfer then input the user name of the person I want to transfer to. Finally I created a memo submit for confirmation with my active key.

3E3BC29C-C0F9-4FA2-82AD-F6B70022BAB0.png

QUESTION 5: Do you know how to power up your STEEM?
To power up I login to my wallet and sign in with my active keep clicked on STEEM drop down arrow,

3186B401-F2D1-41E2-A67B-14B0FD77E487.png

clicked on power up input the amount I want and then clicked on power up to confirm.

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Thanks @cryptokannon for all the information provided to us about the achievements of steemit and knowing the importance of the security of each of our keys.

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 3 years ago 

You have been upvoted by @saxopedia and I’m voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit.

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