Steem private keys analogy
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8 years ago in #steem by good-karma (76)
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Steem private keys analogy
View this post on Ecency: Steem private keys analogy
Great post as always for people to get benefited. Thanks. Btw @good-karma i used my sunday afternoon to translate esteem content in Bengali, still some portion left to be completed. Any feeback will be really appreciated so that i can continue the work and finish it by tomorrow. It's a hell lotta work and i don't want my effort to be wasted. Please let me know about the progress. Thanks!!
Thank you @tamsguitar for your support and contribution, I have just reviewed some of the translations, no effort is ever wasted my friend. As you can see we have already added few languages with this release and if Bengali will be ready by the time we have next release, we will add that too so you can test it out on app ;)
Oh! that's cool. I will surely complete as much as I can. In India you are raised to learn 3 languages at the same time and then suddenly English becomes your priority and you tend to forget the roots. Now I realize it's so difficult to translate.My Mother tongue vocab is so poor?? I am ashamed or should I laugh at myself. Nyway thanks for everything you are indeed doing a good - karma.Cheers!!!!!!
Great post! Learn something everyday about Steemit. Just curious, if Steemit were to be hacked, would your active private key be in jeopardy of being stolen? I am starting to take an ultra paranoid approach to crypto as it is all going up in value so fast. So, I am very uncomfortable with my keys being accessible/known/stored by anyone else besides myself; thus all my BTC is on a Trezor in an undisclosed location in my house :)
Steemit doesn't have access to your private keys, they are stored locally on your browser, it is used for sign transactions locally, just like eSteem does. If Steemit hacked or inaccessible you can always use other user interfaces and apps (eSteem, Busy, ChainBB, etc.). That's the beauty of decentralized network :)
Thanks for clarifying! I can now go to sleep at ease tonight... I know eSteem will always be up and running ;) Cheers!
Thanks for this post.
What is the best way to protect keys in browser?
right awesome times!!!
I feel the same way
Follow Me At :
https://steemit.com/@naserodeh
"all my BTC is on a Trezor in an undisclosed location in my house"
Bitcoin could be making highs of 5k or 10k in future. Maybe you should be a just a bit more paranoid!
@good-karma thanks for this post. Im really new to steemit and only a year or so into crypto so this information really did rock my crypto world because I needed it. I followed you upvoted resteem and did a back flip!
Thank you very much for explaining this, very helpful!
Thank you for explanation. Usually account on the other sites has only one password but in situation with Steemit it is easy to get confused. Not only that, there are already 4 of password, each of them can be shown as a public key or as a private key.
Yes, as you can see all those passwords have purpose and used for different reasons. As for public keys, they are visible to everyone and used for communication and verification purposes, nothing to worry about. Private keys are not visible to anyone and only accessed by you. Although you have 5th, the main password which can be used to change all other 4 private keys...
hey there @good-karma great post... the key for me is knowing that long password.. I was gone for months and am back now... not sure how I found you..still learning the ropes in here.
Useful information. Thanks for sharing. Never realized that there were so many keys. When I opend my account here I received a password. I stored that password somewhere safe.
But I understand now that I need to store all the others keys too. Confusing, but for good reasons.
Just two questions:
Is the password I received when I opened my account at Steemit the 'owner private key'?
And how important is it to safe all the other keys if I already safe my owner key?
No, owner key and main password are slightly different. All keys are derived from your main password including owner key. And changing main password changes all other private and public keys. So keeping main password safe should be ok, if you loose your main password you can still change your posting and active, memo private keys with owner key. Hope it helps...
A lot! Thank you so much!
All keys are secured and written on paper in the safe.... safety first****
As it should be 😉
Yes. I could learn from the best here as it should be.... 😇
Those are some nice ways of picturing this whole thing. It sure can be very confusing for new users.
I think when I did the translations, I described the owners key as the "main" or "house key", though I'm not entirely certain right now..
Yeah, owner key is 2nd top priority that needs to be backed up. Many here has
main passwordwhich should be 1st priority to back up, because it can change all other keys. 2nd is owner key, in case you lose main password you still can maintain ownership and change other keys...Yes, I may not have any main password myself... at least not that I'm aware of anymore. I use my posting key as much as possible though and have the ownerskey in safe storage.
Awesome! Thank you for sharing, it makes us easy to understand what tese keys are all about and also make us aware of how important are they by relating them to real world applications.