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RE: Announcing ♨️steemwallet.app - a fast, secure and open source wallet app for the Steem blockchain (android & ios - out now)
Could we have clarity on the key expressions:
I have a Master Password & a posting Key.
What is the "active key"?
And whats up with the latest, greatest
"holes" that
https://steemconnect.com/
had?
Hi luca1777,
For your steem account you have several keys all with their own specific authorities / permissions.
Normally for posting blogs, comments & voting you would use your posting key.
For other actions like transferring funds, updating your account's meta-data and for example voting for witnesses, you use your active key.
Then there is also a memo key which can be used to encrypt/decrypt memo's in transfers and there is your owner key which has most permissions and can be used to update any of the other keys.
Your master password (passphrase / seed) is a string used to create your account and if you have not manually changed the underlying posting, active, owner, memo keys, by default all other key formats are derrived from that master password.
The SteemWallet app uses the active-key for signing transactions and also stores that key in encrypted format. If you happen to not have your active key at hand, but you do have your master-password, upon importing that, the app derrives your active-key from that masterpassword you supply, then creates the public counterpart for that active key and compares that to your public (active) key as present in the current state of the blockchain. If those match, we store the 'derrived' active key in the encrypted wallet.
I know it's many times key, public, active, passphrase, seed etc. It gets some training to get used to it. Please see https://steemit.com/@luca1777/permissions (if you are loggedin with your account) to see your (derrived) keys.
this is some beautiful update bruh