Security refers to the freedom from or protection from potential harm (as well as other undesirable or preventative steps) taken to keep one's steemit account safe. Inadequate security in a steemit account might lead to account closure.
To keep the steemit blockchain system secure and safe from hackers, many keys have been allocated, including:
1). The active keys
2). Private owner keys
3). posting keys
4). Memo keys
5). Master password etc.
1. Private Posting Key - This is one of the most often used keys on the steem blockchain. Steemians can post on the steem blockchain, comment on other people's posts, resteem, and upvote or downvote a post using their private key.
If we use the social media aspects of the steem blockchain, we must only utilise our private posting key.
And if someone gets their hands on your private posting key, they won't be able to take money out of your account.
2. Private Active Key - The active key is the key to your money. Yes, anyone who has this key has full access to your wallet and can easily shift your assets. As a result, you should always use your active key with caution. On a public wifi network, you should never utilise your active keys.
Even elementary school students increasingly learn more from YouTube than from their textbooks. And I'm sure many of them have figured out how to steal people's usernames and passwords via public wifi.
3. Private Owner Key - The owner key may not be utilised under any circumstances. You'll only need it if you've forgotten, misplaced, or had your account hijacked.
Yes, you may be hacked on the steem blockchain as well. It is not, however, the fault of blockchain. Users are individuals who do not keep their keys in a safe place and instead send them to a fraudster.
So, if you've saved your private owner key somewhere, keep it there until you need to update it or reactivate your account.
4. Private Memo Key - Users frequently ignore the memo key, although it can be beneficial when communicating privately with others. If you needed to talk to your business partner about something that needed to be kept confidential, you'd utilise your private memo key. This will help you encrypt your communication on your end and only decrypt it when the receiver receives it.
5. Master Password - The password used to create the seed for this document. This is a private key that should not be shared. Any steemit account key can be generated with it. It's mostly used to get an account back on track.
- IMPORTANT QUESTIONS AND ANSWERS *
Question 1 - Have you retrieved all your keys on steemit?
Ans: yes, I have retrieved all your keys on steemit.
Question 2 - Do you know each of these key functions and restrictions?
Ans: Yes, I know all about the functions and restrictions of my private keys.
Question 3 - How do you plan to keep your master password?
Ans: I've already saved my keys on two portable storage devices and intend to keep track of them all in a diary. So that even though the storage devices get corrupted, I have a backup of all my keys.
Question 4 - Do you know how to transfer your Steem token to another steem user account?
Ans: Yes, I'm aware of how to move Steem coins from one account to another on the Steem blockchain. The most fascinating part of transfers is that they show in the recipient's account wallet transaction list in just 3 seconds.
If someone wants to migrate Steem tokens or SBD tokens to another steem account, there are a few procedures to take:
Go to https://steemitwallet.com and create an account.
There is now a dropdown menu beside the number; click that button to activate the dropdown menu. The best option is to transfer Steem coins to another steem account.
When you choose the “Transfer” option, a pop-up box will appear, allowing you to enter the transaction's data.
The first thing to note is the "From" address. Because you are the one depositing funds from your wallet, this address is already filled.
The second address is the "To" address. This is the address where your money should be sent. If you type the receiver's username incorrectly, they will not send you anything until it has been transmitted.
After you've given the receiver's username, you'll write the total number of tokens you wish to give them. It could be less than or equal to what you have in your wallet. Of course, you're only allowed to send what you have. This is something I assumed you were aware of.
Finally, the memo field is utilised to explain the reason for the move. It's not required, but it's a great way to explain why the user received the tokens. In some cases, like as when sending tokens to trading platforms, the memo is required. They'll recognise you as the one providing them tokens in this manner.
When you've finished the previous procedures, use the send button to have your tokens delivered to another steem account.
Question 5 - Do you know how to power up your STEEM?
Ans: Yes, increasing your steem capacity is the most crucial thing you can do. So you're not familiar with the steem blockchain's staking process? Steem is a cryptocurrency that incentivizes you to participate in blockchain-related activities. The process of moving your steem tokens to your steem power is known as staking. Your tokens remain frozen for a while, but you get blockchain authority because you now own shares in the steem company.
Simply select the third option (“Power Up”) next to the steem token number to increase your steem tokens. A popup window will show when this option is selected. You won't see a receiver's address field here because you're powering up your tokens in YOUR account. All you need is the quantity of power you wish to boost. All you have to do now is push the Power Up button once you've typed the sum in the field. In addition, your name will be associated with extra resource credits.
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Hi, @sreeshan,
Your post has been supported by @tocho2 from the Steem Greeter Team.
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