Achievement 2 @jakelobo08 Task : Basic Security on Steemit

in hive-172186 •  6 months ago  (edited)

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Hello Readers,

Greetings from Jake Lobo and welcome to my post,

As I have completed achievement 1 now its time to move to achievement 2,

In this post, we will see what is Achievement 2 and its importance.

Achievement 2 is all about understanding the steemit keys and function of different keys on steemit.

Question 1
Have you retrieve all your keys on steemit?

Answer: Yes, I have downloaded the pdf with all the keys and retrieved all the keys on steemit and i have saved it different place for more safety.

Question2
Do you know each of these key functions and restrictions?

Answer: Yes, I know the functions of the these keys, mainly there are 4 keys,

  1. Posting Key
    2.Active Key
    3.Owner Key
  2. Memo Key

Understanding and functions of these keys

Posting Key

Purpose: Allows users to perform everyday activities such as posting, commenting, editing, voting, resteeming, and following or muting other accounts.

Usage: Ideal for daily logins and interactions on Steemit.

Security: Using the posting key frequently increases the risk of compromise. It is designed to limit potential damage if compromised.

Active Key

Purpose: Used for more sensitive and impactful actions such as transferring funds, performing power-up/power-down transactions, converting Steem Dollars, voting for witnesses, updating profile details and avatar, and placing market orders.

Usage: Necessary for financial transactions and important account updates.

Owner Key

Purpose: The most powerful key, capable of changing any key associated with an account, including the owner key itself.

Usage: Should be used only when absolutely necessary, such as recovering a compromised account.

Security: Ideally stored offline to maximize security and minimize risk.

Memo Key

Purpose: Utilized for encrypting and decrypting memos when transferring funds.

Usage: To encrypt a memo, prefix it with the pound (#) sign.

Question 3

How do you plan to keep your master password?

Answer: As the master password key is most important key, as the name suggests, it symbolizes its importance, its is master of all keys so it has to be kept very carefully. I have saved it on the drive of my computer, a copy on the hard drive and a copy on my google drive.

Question 4
Do you know how to transfer your steem token to another steem user account?

Answer: Yes, I have mentioned all the steps to be taken to transfer steem to another steem acount

Steps to Send Steem

Open Your Profile

Log into your Steemit account and go to your profile page.

Access Your Wallet

Click on the "Wallet" option from your profile menu.

Select Steem Balance

Click on your Steem balance to proceed.

Initiate Transfer

Click the "Transfer" option to start the transaction process.

Fill in Transfer Details

Enter the required information, including the recipient's account name, the amount of Steem to be sent, and any optional memo.

Complete the Transaction

Click "Next" to finalize the transaction. You will see a confirmation message once the transfer is completed.

Question 5
Do you know how to power up your STEEM?

Answer: Yes, I know how to power up the steeem, its has very easy steps,

Steps to Power Up Steem

Go to Your Profile

Navigate to your Steemit profile.

Access Your Wallet

Click on the "Wallet" option.

Select Steem Balance

Click on your Steem balance.

Choose "Power Up"

Click on the "Power Up" option.

Enter Required Information

Fill in the necessary details, such as the amount of Steem to power up.

Confirm Power Up

Click "Power Up" again to complete the process.

That's all about the achievement 2, If you like it please upvote and support.

Thank you, for coming to my blog and reading it, Have a nice day.

Read my Achievement 1 at: https://steemit.com/hive-172186/@jakelob08/achievement-1-introduction-to-steemit

Warm Regards,
Jake Lobo

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You were supposed to be active in various communities for a month and interact with others form friendships and come back to write your first progress report in which it will include:

Please, don't use these points as a template - templates are so boring 🥱 - we're interested in hearing about your experience so far. You could use some of the following ideas as prompts...

  • A summary of the communities you've joined, why you've joined them, which you like the most, and why.

  • The topics you've been writing about.

  • A list of key people you've interacted with. An introduction to the people who have had the biggest impact on your experience so far (NOT an opportunity to tag whales) and the unexpected relationships that you've experienced.

  • Your most successful post - Why do you think it was successful?

  • Other observations - What have you learned and discovered that you weren't expecting to?

  • Your plan and expectations for the next month on the platform (please don't mention growing your account!)