Hello everyone!!
I'm done with the first achievement which is the introduction phase . Here I will be briefing you guys on the Basic Security on steem
FUNCTION OF EACH KEYS
The very first key is the POSTING KEY. it is used for making post, comment, to edit pos, resteem a post and to follow or mute other users I use this key when I posted my first post on this account here
The next key/password is the ACTIVE KEY.
It is used for more sensitive task like transferring funds, for power up/ down transactions, to convert your steem dollar to steem, voting for witnesses, updating your profile details and also placing a market order..I used this key when I converted my steem dollar to steem before powering up my steem to steem power
The OWNER KEY.
This is the most powerful key because it can change any other key of an account including the owner key itself. It is not mostly used in any case so it is adviseable to be stored offline It is used to recover comprised account.
THE MEMO KEY
This key is used for encrypting and decrypting memos when transferring funds to other users in other to encrypt memos. This sigh # should be used before it.
HOW I PLAN TO KEEP MY MASTER KEY
Since the master key is the most powerful key that can be used to recover/generate all other keys including the owner key. I kept it offline on my phone which I locked with an app locker so it private no one can access it .
HOW TO TRANSFER YOUR STEEM TO ANOTHER STEEM USER ACCOUNT
To transfer steem to another steem user account from your wallet page, click the steem balance with the down arrow next to it. Then you click transfer. Type the username of the account you want to transfer steem to. Enter the amount of steem you wish to transfer. Enter a memo to go along with the transaction. click submit you will be prompted for your active password/key.
HOW TO POWER UP YOUR STEEM
From your steem balance you will click the down arrow next to it and you will click on power up icon to turn your steem to steem power(sp)
@yohanzon @cryptokannon @steemcurator03
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Hello @vhenom. thanks for responding to achievement 3.
You can proceed to achievement 4
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