Hello Steemians! Hope you all are doing fine. After my first task which was achievement 1, today I want to write about the Basic security on steem which is my next task of achievement 2.
In steemit, we have different password and each password have it own function. When you open a new account, you download a pdf file that contain all your keys which you will use to login and to perform different operations in steemit.
To login into your steemit account we use a password according to their function.
To new comers we must know the different keys and functions.
Posting Key: The posting key is mostly use to login everyday to perform some activities like; post, edit, resteem, comment and follow or mute other accounts.
Active Key: The active key is used for transferring funds, voting for witness, updating profile details, doing power up/down transactions and placing order in market.
Owner Key: The owner key is not mostly use except when necessary. It is use to change any key of an account. It is the most powerful key and it is only used to recover a compromised account.
Memo Key: The memo key is used when transferring funds to encrypt and decrypt memos.
Master Password: As the name implies ‘Master password’, it is the father of all other keys because it is used to generate all the other keys including the Owner key. We use it only when going through the account recovery.
It is advisable and important you keep your master password and other keys safe. To do that you must store it in an external drive and also print it and keep it in a safe.
How to transfer steem to another steem account.
Login to your account using active key.
Click on the small arrow beside the steem balance and then click transfer.
Then put the amount you want to transfer to, the amount you want to transfer and confirm it.
How to power up your steem.
Go to your wallet, click on the steem to open the interface.
You will see the amount of steem you have then you put the amount of steem you want to power up.
Then click on power up.
I hope this post is useful and I have been able to explain how I understand Basic security on steem.
Hi i am Sumit one of the team member of Steem Greeter.
I am happy to announce that i have successfully verified your achievement 2 post. Now you are eligible for performing your achievement 3 which is about content etiquettes. You can refer this post for your next task.
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