The instructions provided by @cryptokannon concerning steem keys has given me knowledge about all the keys, so with that knowledge I make my achievement 2 post which concerns security on steemit.
I first and foremost secured my keys pursuant to the creation of my account with the help provided by @venon from whom I got to know about steemit.
Four different generated keys are tied to any steemit account and they function in different areas.
Let’s discuss them starting with:
The Active Key
The Active Key has access to token related transactions, like transferring and exchanging tokens.
Actions done in the wallet are certified with the Active Key. Exposing your Active Key can cause loss of your tokens. So keeping your Active Key safe means keeping your tokens safe.
Active Key permissions:
The Active key is used to;
• Transfer tokens
• Power STEEM up or down
• SBD conversion
• Vote for witnesses
• Place an order on an exchange
• Certain profile changes
• Publish a Witness price feed
• Create a new user
POSTING KEY
The Posting Key is only applicable to social network actions such as posting, commenting on posts and voting.
It therefore has limited permissions and can’t be used for token related actions.
Posting Key permissions
• Publish a post or comment
• Edit a post or comment
• Upvote or downvote
• Resteem content
• Follow people
• Mute accounts
Owner Key:
The Owner Key is the master of all keys, because it has the power to change all other keys, it can be used to recover your account and that makes it the most important key which should be securely saved offline.
I have securely saved an offline version of my Owner Key including all other steemit keys nonetheless.
Owner Key permissions
• Reset Owner, Active, and Posting keys
• Recover your account
• Decline voting rights
Memo Key
The Memo Key does little work, it is only used in encrypting and decrypting private messages sent through the blockchain.
Memo Key permissions
• Send an encrypted message
• View an encrypted message
Transferring tokens
Every token in your wallet has a little arrow 🔽 beside them
tapping on any displays a drop-down menu, to transfer SBD (steem dollars) tap the little arrow 🔽 then tap transfer and fill in the recipient’s name.
You’ll need to verify the transaction with your active, owner or master key.
How to power up
In your wallet, tap the little arrow 🔽 beside your steem token to bring out a drop-down menu, tap power up and specify amount.
Again your active, owner or master password is also needed to authenticate the transaction.
Finale
Do not in any way reveal any of your keys even if you have drawn over them electronically!
Login into any section concerning your account with the right key.
Make sure to save an offline copy of your keys and keep it safe.
To the attention of:
@cryptokannon
@venon
Congratulations @assurancescobar
You have passed Achievement 2 on understanding the purposed of the different keys offered to you on the steemit platform on creating your account. I personally happy you went ahead to show us how you can transfer seen token and power up your account from your wallet
Rating: ~ 3
Please get ready for the next task on Achievement 3: Content Etiquette Link You are expected to know the Proof of Brain concept and able to produce and sharing quality/original content.
Thanks
Greeter helper
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Thank you so much @fombae, I'll go ahead with achievement 3 post right away.
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Hi, @assurancescobar,
Your post has been supported by @heriadi from the Steem Greeter Team.
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I'm grateful @heriadi
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