ToAchievement 2 Security on STEEM
Basic Security on STEEM.
Hello everyone
What you need to know about security on Steem.
As the owner of a steemit account, it is very important for u to keep your account safe.
When you register on steemit, a password is generated for you for logging in your account. This is called a master key/password. This Key is very central to your account and should be kept safe because if loss u will not be able to get it.
Below are the keys with their functions and what roles they play in securing your steemit account.
MASTER PASSWORD
The Master Password is used to derive all keys for your account including the owner key. It is long and random to provide maximum security because if someone gets your master password, he/She can hack your account and steal all of the tokens, So keep your master password safe.
POSTING KEY
The Posting Key permits you to post,comment,edit,vote ( share content you find interesting to your followers)articles,follow or mute other accounts. Most users log into steemit everyday with the posting key, and there's a high probability to have your password stolen and your account.
ACTIVE KEY
The Active Key is used for the financial aspects of steem, to change user profile or trade
NOTE: These are the only time you should ever use your active key because your Active key controls ALL THE FUNDS IN YOUR ACCOUNT and if your funds are transferred it's irreversible.
Memo Key:
This is the only key that can encrypt and decrypt private messages sent to you through your account.
OWNER KEY
This Key is the most powerful amongst the keys because it can change ANY KEY of an account.
Whoever has your account owner key can do every transaction the other keys can do, even lock you out of your account.
If you lose your keys,there's no way you can recover your account.
WHAT'S A STEEM WALLET?
A Steem wallet is like mobile app where your funds are kept. A Steem wallet afford you access to your coins and also the freedom to send and receive coins
When you download a Steem wallet, you'll get your own wallet address which resembles a bank account number,with which you can interact with the blockchain.
One of the reasons a Steem wallet is very important is because every transaction you make using the steem coin wallet is transparent and it stays on the blockchain for all to see.
Now we know what a steem wallet is and how do you transfer your steem token from your account to another user account?
To transfer your steem token to another user account you have to use your active key. Click wallet, you'll see 3 lines on the the far left, click on them, you'll see sign in and others, clicked sign in, it will take you directly to log in. Log into your wallet with your username and active key password, click on the Steem dollar drop down arrow,then click on transfer.
Next, input the username of the person you want to transfer to , input the amount, create a memo, click on next, then confirm transfer and transfer is made. Easy right? If
I hope we learnt something from this post
Thanks for reading.
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