Achievements2 @ebukalevi

ACHEVEMENT 2 MENTORED BY @cryptokannon: Basic Security on STEEM

OBJECTIVES:

Knowing fundamental and basic information on steem security for novices
Being able to know how your master password works
Being able to know the importance of all your keys such as posting key active key, private power key and memo key.
Understanding how to use their wallet.

HOW CAN I KEEP MY STEEM ACCOUNT SAFE?

Your Master password is your one time password. Your password should be safe and secured more preferably it should be saved in the draft section of your email.
You are not expected to share your keys and password with a third party
All your keys should be safe and secured as earlier stated save on your electronic mail.
Your original master password should not misplaced on no condition when logging in with your post key.

WHY SHOULD I BE CAREFUL WITH MY MASTER PASSWORD?

Your master password is used to retrieve all the necessary keys for your steem account. That’s why a third party is never expected to know your master password because they can steal your all tokens and make use of your steem account without your knowledge.

WHAT ARE MY DIFFERENT KEYS USED FOR?

POSTING KEY:

This key enables your account to post, comment, edit, resteem and also gives you the privilege to follow and mute other accounts. Most users are expected to login to steemit daily using their posting keys.

ACTIVE KEY:

This key is used for more important tasks such as transferring funds, power up/down transactions, converting of steem dollars, voting for witnesses, updating profile details and avatar.;

OWNER KEY:

This key can be used to change any other key of an account including the owner key and it can be only used to recover a compromised account.

MEMO KEY:

This key is the used for decrypting and encrypting memos when transferring funds. In other to encrypt a memo, you should use the pound/# sign before it.

POWER UP KEY:

This key used to convert steem to steem power

PUBLIC KEY:

This key can be used in associated transaction on the blockchain
NOTE: All your key passwords can be gotten when you when you click on the respective icons. It will be

WHAT DO I DO IF I LOSE MY PASSWORD/KEYS?

Retrieving or recovering your steem account is not possible if you lose your password or owner key. You are expected to store all your master passwords and various keys using various means such as saving it on your drafts in your email, hard drive, writing it down and keeping it in a secured safe box and also saving it on google drive.

WHAT S THE DIFFERENT BETWEEN MASTER PASSWORD AND OWNER KEY?

Master password is the password you get upon signing which is now taken to your steem wallet to enable you retrieve your other keys. Master Password s used to generate all keys as stated earlier including the owner key. The Master can be used in account recovery.