Assalamualikum.
Hope you all are doing great. Today I'm here to share my little bit of knowledge about verious keys on steemit as we know that us given to us during our sign up on steemit.
So let's get started!
DIFFERENT TYPES OF KEYS AND THEIR FUNCTIONS
Master Password is very important. I got it when I sign up which should be kept safe as it can be used to access an account and it is used to generate other keys.
The owners key is only needed when necessary, and it is the strongest key because it can change any key of an account. It is used to recover a compromised account.
Active key is another important key. The active key is work for transferring funds, power up/down transaction, converting steem dollars, voting for witnesses, updating profile details and placing a market order.
The Posting key is that allows accounts to post, comment, edit, resteem, vote and follow or mute other accounts. And it is advice able for users to login steemit everyday with the posting key.
The Memo key is used for encrypting and decrypting memos when transferring funds. And in order to encrypt a memo, use the sign before it.
Those keys are all important so it is a most that I keep all this keys safe properly because I can't recover those keys again if i forget.
Now I will show how to transfer steem token to another account on steem. Firstly I have to go in my profile then I clicked on Walet.
I login to my wallet, sign in with my active key and clicked on steem dollars drop down arrow.
I clicked on transfer.
And then input the user name of the person I want to transfer to.
Lastly I created a memo, submit and confirm with my active key.
I login to my wallet and sign in with my active key.
I clicked on STEEM arrow drop down.
I clicked on power drop.
I input the amount I want and then clicked on power up to confirm. Finally basic key of steemit will be done to know of achievement2.
I really want to thank @cryptokannon for this types of information about achievement task and keep us aware of the importance of securing our different keys as it affects steemit block chain.
Thank you so much for reading.