Achievement 2 @saadbala Task : Basic Security on Steem

in Newcomers' Community3 years ago (edited)

Hi everyone.
Having just recently joined Steemit and introduced to the Newcomers' Community, I successfully completed my Achievement task one and was encouraged by @danielo109 to take time and complete the rest of the achievement task.
After a whole lot of learning and reading on Steemit I am here today to continue with my task based on the following questions

Question 1
Have you retrieved all your keys on Steemit ?

Yes I have been able to retrieve all my keys on Steemit due to the adherence to the security cautions and vulnerability of the accounts.
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Question 2
Do u know each of these key functions and restrictions ?

After a whole lot of reading on the functions and restrictions of the various keys, I learnt that the;

Owner key: This key is used when one is to change a password.And it enables one to generate all other key from it.

Posting key : These key enables one to post,give comments,edit your work,vote resteem, and mute or follow accounts of interest.Also the key is used to log into Steemit. Another important thing I learnt was, the more this key is used the more vulnerable it becomes so there is a limited posting key that restricts the damage of a compromised key would have caused.

Active key: It is used when necessary during transfer of funds, power ups or down transactions, converting Steem dollars, voting for witness, updating ones detail's and also placing market order.

Memo key: This key specifically functions during encryption and decrypting memos when transferring funds.I have learnt that when one is to encrypt a memo the pound/# sign is used before it.

Question 3
How do u plan to keep your master key?

I plan to keep my master key by saving is in a secured flash drive as suggested below and also making a copy of it a document for safe keeping.
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Question 4
Do u know how to transfer your Steem token?

Yes I do know how to transfer my Steem token.As suggested I read thee article of
@kiwiscanfly on Understanding your steemit wallet and I was able to know that when one is to transfer a token,
1.You first log into your wallet
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2.Click on Steem then click on transfer on the drop box

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3.Enter the name of the one you are sending to and also enter the amount.

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  1. You then use your active key to confirm the transaction.

Question 5
Do you know how to power your Steem?

Yes, I do know how to power up my Steem. I use the following procedures when am to power up my Steem after login into your wallet;
1.Click on Steem then click on the drop box and choose power up
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2.There will be a section for you to enter in the amount you want to power up.
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3.You enter the amount and click on the power up button

I would like to thank @cryptokannon for the guidance to the attention of @njaywan and @sarkodieeric1

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 3 years ago 

Thanks for the help I do appreciate.

 3 years ago 

Nice write up, keep on writing and explore more

 3 years ago 

Hello @cryptokannon please it's been past 5 days now and my post hasn't been verified

Nicely done @saadbala, you may now proceed to the next task.

Sorry we missed the curation window for this post. A catch-up vote will be issued on a recent post.

Rating : 3