Hello everyone in this Newcomers Community. My Dada Ayomide Victor and this is my achievement 2 task which is about Basic security system of Steemit platform and how it works.
My Achievement 1 is here: https://steemit.com/hive-172186/@bishopyagi/my-introduction-post-to-steemit-mentored-by-phenomenal1052
Question 1
Have you retrieve all your keys on steemit?
Answer: Yes I have, the first thing I got when I signing up on steemit was the master password, after thet I downloaded a PDF-file which contain other derived keys (posting key, active key, owner key and Memo Key) which i saved on my mobile phone as well as on my clubud (Google drive).
Question2
Do you know each of these key functions and restrictions?
Answer: Yes I have read the restrictions and functions of all of the keys and I must say, all the keys perform different tasks and are very sensitive. The function of these keys are as follows:
Posting key: This key allow me to use my account to post, comment, edit, vote, resteem, and follow or mute other accounts. From my researchi found out that it is advisable for most users to log in into the Steemit account every day with the posting key.
Active key: The active key allow me to perform more sensitive tasks such as transferring funds, power up/down transactions, converting Steem Dollars, voting for witnesses, updating profile details and avatar, and placing a market order.
Owner key: After reading through necessary information, I understand that the owner key is only meant for use when necessary also It is the most powerful key which can be used to change any key of an account, including the owner key, and it is only used to recover a compromised account (account recovery).
Memo key: This key is used for encrypting and decrypting memos when transferring funds.
Question 3
How do you plan to keep your master password?
Answer: Immediately after signing up, I wrote my Master password down in my diary, I also screenshot it and printed it which i kept in a very close place I also copied it in a text file which I later uploaded to my Google drive.
Question 4
Do you know how to transfer your steem token to another steem user account?
Answer: To transfer coins to another user, you need to click on your avatak (Step 1) and click on wallet (Step 2)
When transferring coin you need to click on the amount (Step 3) and select the transfer in the menu that pop up (Step 4).
In the page that it will load enter the username stimulus (without @) in the "user" field and fill in the amount in the "amount field (step 5).
click the "NEXT" button. Then you will have to check again if everything is correct in the next page that will load up. Clicking OK if everything is correct(Step 6).
This operation requires one of the following keys (active key or owner key) or your master password
Question 5
Do you know how to power up your STEEM?
Answer: under wallet page, click on the amount(Step 1) and the click on power up (Step 2)
Next, you need to enter the number of STEEM that you want to convert to STEEMPOWER (Step 3) then press Power Up! (Step 4)
click the "NEXT" button. Then you will have to check again if everything is correct in the next page that will load up. Clicking OK if everything is correct
This operation requires one of the following keys (active key or owner key) or your master password
My Achievement 1 is here: https://steemit.com/hive-172186/@bishopyagi/my-introduction-post-to-steemit-mentored-by-phenomenal1052
Thank you for reading my article. Let's meet in the next Achievement 3.
#achievement2 #steemexclusive #steemit #cryptokannon #newbie #newcomers #nigeria
Your achievement1 is not verified yet , you are not eligible for this task as of now. Tag your country representative in achievement1 post to get verified.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit