Achievement2 @elxavier. Task: Basic Security on Steemit
Good day fellow Steemit users and the Steemit team. It is a pleasure to be on this platform. I now know the keys and their uses.
There are 4 keys you need to know about and also keeping them safe is one of the things you need to know about these keys. The keys are as follows:
- The master password
- The owner key
- The active key
- The posting key
- The memo key
The master password is the key you get upon signing up for Steemit. It is used to generate all other keys which we use for different purposes which I will tell you as we go on.
The posting key allows you to post, comment, edit, follow, or mute other accounts. You also login with your posting key.
The active key is used in transferring funds, power up/down transactions, converting Steem Dollars, voting for witnesses, updating profile details and avatar, and placing a market order.
The owner key is the most powerful i.e it is used to change any key including the owner key.
The memo key is used for encrypting and decrypting memos when transferring funds.
I stored my master password on a flash drive and also on notes where I can easily retrieve them f I ever need them.
You transfer your STEEM tokens to another steem user account by using your active key. You also use the active key to power up your STEEM.
Welcome to Steemit @elxavier :)
Thank you
Thats great. I learnt a lot from your work. Keep it up
@elxavier, I am glad that you now understand the keys and their uses. I also love the fact that you were able to have a hard drive backup for your passwords on a flash drive. This shows how you value Steemit and your passwords.
I look forward to seeing your achievement 3 post.
#twopercent
#nigeria.
Congrats @elxavier on completion of your achievement 2 post, it shows your understand of your basic security measures on steemit platform.
Looking forward to reading your achievement 3 post soon.
#twopercent #nigeria
Thanks. It has been my pleasure.