Achievement 2 @janetf Task: Basic Security on Steem

Let me begin by saying a big thank you to @cryptokannon whose post gave me the understanding i need one basic steem security to write this post. The objectives of the task was for me to understand what the various keys mean, what they stand for, how i can get access to them and how i can become familiar with my steemit wallet.

What i got from the writeup

The master password - It is the most powerful and the most important of all the keys because it unlocks all the other keys. It must be protected and kept secured preferably offline where hackers cannot get to it. Losing it may mean losing your account and it is not retrievable. It is also used to recover an account

The Posting Key - It is what i am supposed to use for basic logins everyday to write my posts on the blockchain. It is safe to use and cannot be use for any other transactions.

The Activie Key - As the name suggest it is used for more active stuff such as transfer of funds and powering up, it is also used for powering down and steem conversions.

The Owner Key - It is the most powerful after the master key and can do any of the other functions of all the other minor keys however its exclusive function would be to recover a stolen or compromised account.

The Memo Key is used to encrypt memos

Answers to Question

1. I have retrieved all my keys, this was done with the help of my mentor @nattybongo and i used my master key to retrieve them at steemitwallet.com/@janetf

2. I am very much familiar with each of their functions and the limitations after going through the achievement 2 post courtesy of @cryptokannon

3. I plan to keep a copy of the master password in the cloud and another copy on a pendrive.

4. To transfer steem from one user to another, it has to be done at the wallet area. First you select steem and you go to transfer, you fill the spaces with the required information and select next, after which you use your active key to process the transaction.

5. Powering up steem follows the same principle as transfering steem however at instead of selecting transfer you select power up. Many thanks to @kiwiscanfly for his post on powering up.

#cryptokannon #achievement2