Achievement: 2 Task: Basic Security on Steem By @nihalafridi

Introduction:

Hello Steemians! This is my first post for the Achievement 2 of the new comers community program.In this post I will be explaining and discussing about different Steem Keys and how to secure your wallet, to help new users understand that how to keep their new account safe.

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• Now I will tell you the function of every specific key. So let's begin.

Steem Keys and Their Functions:

• There are four Keys in the Steemit blockchain that users need to understand and keep secure:

Owner Key:

This is the most important and powerful Key. It is used to reset other keys and also to recover your account.

Active Key:

This key is also very important because whenever we do a power up/down then this key is needed for it. Besides this, this key is also used for making transactions from one account to another.

Posting Key:

The posting key is used to log in to our Steemit account. Since his key is also used in commenting, Posting, Voting, Following, and Muting etc.

Memo Key:

Memo Key is used in encrypting and decrypting our funds whenever we transfer from one account to another.

Ways to keep the Master Password secure:

I have saved my keys in Google Drive and on my desktop. I have also made several copies and saved them on my phone and a USB.

Way to transfer our Funds

• First, open your wallet by clicking on the Steemit wallet.Now, press the drop-down button, and then click on the transfer button.

• Now a new interface is opened. Now type the username of that account where you want to share your funds, and after that write the amount of Funds you want to share.

• After that, paste your memo key and then click on the next button. Thus, your funds would be transferred successfully.

Way to Power-up

• Go to your wallet and click on the drop-down button, and then click on the power up option.

• Now enter the amount of Steem you want to power up. After this, click on power up.