For any platform to do well i think the first thing they should take into consideration is the security of the platform
Steemit came with a new innovative way to secure accounts and it is game-changing! The issuance of different keys for different levels of account access is an ingenious idea that should be emulated.
The different keys are as follows
The posting key - Used to log in to apps such as Steemit.com and perform social actions such as posting, commenting, and voting.
Private Memo - Used to decrypt private transfer memos.
Private Active- Used for monetary and wallet related actions, such as transferring tokens or powering STEEM up and down.
Private Owner Key- Used to reset all your other keys. It is safer to keep it offline at all times. If your account is compromised, use this key to recover it within 30 days at https://steemitwallet.com
Public keys- These keys are associated with usernames and are used to encrypt and verify messages. Your public keys are not required for login.
STEEMIT WALLET
This is almost similar to the traditional cryptocurrency wallets we are used to, we can send, receive or store steem in it, but it is different because it includes a new concept of having 3 sub-wallets all tied to stem
Steem wallet - For the native coin
Sp wallet - to store steem power
SBD wallet - For the steem based dollar
TRANSFER OF STEEM/SBD
To make a transfer;
Open your profile
Click on 'wallet'
Click on the options button on the steem balance
Select Transfer
The second frame pops up, click on next and conclude your transactions. Make sure you are logged in with the private key.
POWERING UP STEEM
To Power Up Steem:
Open your profile
Click on 'wallet'
Click on the options button on the steem balance
Select power up
fill the required details in the second frame and your steem is powered up.
Question 1
Have you retrieved all your keys on steemit?
Answer: Yes I have
Question2
Do you know each of these key functions and restrictions?
Answer: Yes, as shown above
Question 3
How do you plan to keep your master password?
Answer: I have it penned down in my diary, with a few more numbers and letters to avoid discovery and theft
Question 4
Do you know how to transfer your steem token to another steem user account?
Answer: yes I do
Question 5
Do you know how to power up your STEEM?
Yes, I was taught by a friend.
Special thanks to
@cryptokannon
@steemcurator01
@steemcurator02
@steemcurator03
Good job on your achievement 2
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Thanks bro
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Congratulations on your progress, your achievement 2 task has been verified, you may now proceed to the next achievement task.
You have been upvoted by @whitestallion and I’m voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit.
Follow @steemitblog for the latest update on Steem Community.
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