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RE: Steemit Newbies: Make sure to save your private keys!!!
Hi @ned, does that mean that the private keys are actually generated through a hash of the steemit.com password? It was my impression that the private keys were stored encrypted in a steemit.com database, but I see now that is incorrect. Is the approach used effectively the same as that with brain wallets, for example? Thanks.
Yes, brought together by hash. Private keys / passwords are strictly on the blockchain. I believe that is analogous to typical brain wallets.