Hi, I'm back 😉. This time I have to give lecture on Steem security & Steem wallet 🙁.
I have found 5 types of security key and saved them in two of my devices. But I wrote down the Master key in a notepad and hid it somewhere ( I won't tell you where😁 ). Different types of key functions differently. There're
6 types of key- 1) Posting Key, 2) Active Key, 3) Owner Key, 4) Memo Key, 5) Master Key and 6) Normal Key🔑 ( I was kidding. There is no "Normal Key". So, there are 5 keys 😂).
Posting Key: It is like your glasses on your eyes. As you need it do everyday works, posting key is also needed for posting, commenting , upvoting , downvoting ( But I haven't seen anybody downvoting. Please don't do that to my post for telling so😬) & for muting and unmuting.
Active Key: It is like you ATM card & password. You need this key to perform anything which is steem wallet related. If someone gets your ATM card & password, you lose your money . Exactly, if someone gets your Active key, you will have to beg by the roadsides😜. So keep this key safe.
Owner Key: It is like your National ID card. You need it to recover your account. One can get what is yours if he gets your Owner key.
Memo Key: It is the seal on a letter. You need it to encrypt and decrypt private memo.
Master Key: It is like YOURSELF! As you buy your glasses, make money and keep it in ATM banks, get your National ID card, Master key generates all other keys!
You may lose your glasses or your money accidentally
but never ever lose YOURSELF! Stay Safe! ❤
Now, lets talk about Steem wallet🤑.
( Don't laugh, I will make steem like you oneday 🌚)
As you can see, here is 3 types of Steem -
Steem- You can adress this as liquid steem. You can transfer this, buy or sell this in the market and you can also convert this into Steem power with 1:1 ratio.
To perform this works you need to click on the small icon on the right of "STEEM" and you will get your drop down menu. Just like this-
Steem Power- "Power". The more Steem power you have the more power you have to grow in this platform. You cannot directly convert this in Steem. You need to power down, which takes 4 weeks. You can also rent your steem power by delegating to somebody and get Steem 🤑.
Steem Dollars- It is like Steem and you can transfer or sell this anytime.
So its all for today. Stay safe.
Bye!
My achievement 1- @abuahmad/my-introductory-post