ACHIEVEMENT2 TASK; Basic security on steemit by @besttune

in hive-172186 •  4 years ago  (edited)

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  1. HAVE YOU RETRIEVED ALL YOUR KEY STEEMIT?
    YES, I was able retrieved my keys after the sign up process. it generated my master password which inline helped me to generate other keys needed in the steemit community namely; posting key, active key, memo key and the owner key.

2.DO YOU KNOW EACH OF THESE KEY FUNCTIONS AND RESTRICTIONS?
YES .there are four different types of keys with different function and restriction.
stated below

  1. Posting key: This key is mainly used for commenting, voting, publishing a post,follow/unfollow, resteem, edit a post etc. It basically handles all the social handles of the steemit community.

  2. Active key: This key is mainly used for transferring and exchanging tokens. All financial transactions are initiated successfully with the use the active key. Also the active key can be used in Steem powerup/powerdown.

  3. Owner key: This key can be used to recover your account or make some changes in your other keys.owner key is very paramount and should be handled with care.The functions of owner key are as follows;
    a.Recover your account
    b.Reset active,posting key and owner.
    c.owner key is also used to decline voting rights

  4. Memo key:This key is not commonly used to encrypt and decrypt private massage that are sent through the block chain.

3.HOW I PLAN TO KEEP MY MASTER.
I have copied it out and saved it where it can be secured. A printed copy of the PDF file has been well documented with my private documents.

4.DO YOU KNOW HOW TO TRANSFER YOUR STEEM TOKEN TO ANOTHER STEEM USER ACCOUNT.
YES this steem token transfer can be done using active key and also with the help of tutorial held by @xkool24 on understanding your steemit token i was able to get familiar with the process. All you need to do is login with your active key via your wallet, go-to to steem, transfer steem, input the user account and amount to be transferred and and click on OK.
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5.DO YOU KNOW HOW TO POWER UP YOUR STEEM?
YES, with the help of the tutorial help by @xkool24 on understanding your steem power. steem is in a liquid form and can be powered up to continue building your steempower. Almost same process as seen in steem transfer. Click on steem, steem power up, the amount to be powered up then ok

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Thanks to @cryptokannon for your commitment and efforts in bringing this achievement and thanks to @xkool24 for the tutorials so far where i got some knowledge.
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