It my pleasure to be part of this achievement which will help in exploring steemit security world and also explain what it is all about, here am going to also enter steemitwallet and explain how steem is being transferred and power up
Question 1
Have you retrieve your steemit keys
Yes, I did this once my account was opened, I save the pdf in my phone and also write it out in my jotter.
Question 2
Do you know the functions and restrictions of each key
Yes I have carefully read the instructions and I fully understand the restrictions of of the steemit keys and there outlined below
Master key
It can be used to produce my steemit password or key and it was the first keys that I encounter before I was able to download my key.Private posting key
It can be used to carry out steemit activities such as voting, posting and communityOwner key
This key is very unique because it is being used by the owner to reset all other keys on the steemit account and it is very importantPrivate active key
This is mainly used for monetary transactions of carrying kinds e.g transfer of tokens, powering up and powering down of steemMemo key
This can be used for memo transfer, decrypting and decoding of memo and it is always being asked before transferring steem
Question 3
How do you plan to keep your master password
As a safety measure all my password are being saved to my google account and back up files offline for security purposes.
Question 4
Do you know how to transfer your steem token to another stem user account?
Yes I do, I have read and understand the processes. The following steps can be taken
Step 1
You have to login to your account wallet through the private posting key
Step 2
Choose the option which says transfer steem to any accounts
Step 3
Fill in the person details you want to transfer to and make sure that it is accurate so that you don't lose your funds
Step 4
Here, you put your private active key and once it is done the steem immediately will be transferred
Question 5
Do you know how to power up your steem
Yes I know how to power up my steem below are the steps to follow
Step 1
Access your wallet account using the private active key
Step 2
Click on the arrow, it will show you a list of options
Step 3
Choose power up among the options
Step 4
Type in the amount you want to power up
Step 5
Once you put the amount the next thing is for you to put private key after that your steem will be power up
I am very happy to complete this achievement 2
Thank you steemit for the support