My Achievement 2

carinenoel (41)Achievement 2 Pendingin Newcomers' Community • 3 years ago (edited)

INTRODUCTION
Hi there everyone. Hope you all had a lovely day. I’ll like do my achievement 2. I’ll try to answer the following questions from my understanding.

Have you retrieved all your keys on Steemit?

It is a pdf file that contains all the various keys like master, active, memo passwords.

Do you know each of these key functions and restrictions?

Yes I know a little about it and I’ll share it with you.

Posting key- it is used for socialization like comment, posting, muting of accounts, following people. It can not be used for Monetary purpose is restriction
Memo key- it not commonly used in this platform as it is used for encrypting and decrypting messages through a particular block chain.
Active key- this can be used for monetary purposes like transferring and exchanging tokens. It can also be used to create a new user
Owner key- can also be referred to as master password because they are so alike. It can be used to retrieve accounts or lost keys, reset other keys. It can be secured properly offline.
Public or private keys- aid in the search of associate transaction in a blockchain. You don’t need to securely store this.

how do you plan to keep your master key?

Master password helps to generate other keys. For me my master key is safe in my iCloud account Incase of any breakdown , I can later retrieve through another phone I would be using but android users it can be kept safe in your google account for later recovery

Do you know how to transfer your Steem token to another Steem user account?

Let me share the little I know about this question.

To begin, enter your account, you would see a work to your left called “wallet” click on it. To activate your wallet, you clinch on the 3 horizontal lines ( ) on the top right of your phone’s screen and press the first word you see there ( sign in) it would take you to another page that would require your private posting keys log in.
After you’re logged in your wallet would be activated. This would ease your exchange rate. There you would see a Steem amount eg 0.001 STEEM a little lost would appear below you would take the first option which is “ transfer”.
After choosing that a form would appear which would require your information like you and your receiver’s usersname and amount of Steem.
You will see a box with “ next” down click on it and to confirm the transfer you press “OK”.
The final step you are taking is to sign in using either your active key or master key password to confirm completion of transaction.

Do you know how to power up your Steem?

Like what we did up there, it’s almost the same at the first stage.

After the process of activating your wallet, click on the 0.001 STEEM and a lost would appear below you click on the option power up, a form would appear for you to fill you information. After filling your information, you press the button “power up”, a page would pop up known as “confirm transfer to vesting. Press the “power button” under and another page would pop up called”sign in to complete transfer”.
After the process you return to your wallet, you would see a deduction in your STEEM and an increase in your Steem power amount.