Greetings to all my fellow newbies and hiveans, it’s another amazing week again and I would like to specially welcome you all to this week's task Week 3 which was initially conducted on the SMILE Discord Space by @starstrings01, newbies also got to learn and share thoughts on this week’s prompt. Would like to thank the organizers of this amazing program @starstrings01 and my team leader @moremoney28 THANK YOU.
This week prompt is quite different and very crucial and I must say it ahead to you could save yourself from any future bad occurrence that may have a bad impact to you HIVE journey. For this week’s newbie initiative task, I'm gonna be sharing some detailed informations on HIVE KEYS, SECURITY. I hope you gain something from this post and most importantly take something from here.
Hive Keys
These Hive keys which I would be explaining after are encrypted passcodes every Hive users own that used for different purposes. Every hivean are entitled to five (5) different which are OWNER, ACTIVE, POSTING, MEMO, MASTER. I would be stating the key below and as well as explaining its efficacy.
Private Key
OWNER KEY
The most potent key is capable of altering every key associated with an account, even its own.
Uses
Change Password || Change Keys || Recover AccountACTIVE KEY
On the Hive blockchain, An active key which also refers to as private key, enables the owner to vote for witnesses, move payments, and do other operations that require more than basic rights. It's a more powerful key than the posting key, so keep it safe and only share it with trustworthy individuals or programs.
Uses
Transfer Funds || Power up/down || Voting Witnesses/ProposalsPOSTING KEY
On Hive, By simply reading the word "posting," you would be aware of its purpose and significance of the posting key. The posting key is intended to be used more frequently than the active key and can be used to communicate with the Hive blockchain.
Uses
Post || Comment || Vote || Reblog || Follow || ProfileMEMO KEY
A memo key is a private key that is used to encrypt and decrypt memos associated with transactions, on Hive the account owner can configure the memo key, which is an optional key.
Uses
Send || View encrypted messages on transfers
Hive Keychain and Hive Signer should allow you to do transactions on all Hive sites and applications.
SECURITY
This section where is going to be covering the reasons why the account gets hacked and how you can secure your hive keys and as well as a short pictorial tutorial on where and how to find your hive key, and without fuda-Adu let's get right into it.
- Account Hacking Causes
Ignorance: Many times we see disturbing information that we are not aware of or might not be heard of maybe it is a virus or malware or a spam message and instead of going to seek the help of those who have more knowledge about it we excuse it and end up falling into a trap.
Mishandling of Hive keys; This is most common amongst newbies and should be taken seriously, IT IS NOT EVERY PERSON OR ORGANIZATION THAT ASKS FOR YOUR KEYS THAT YOU SHARE, It's important to note that anyone with access to the active key can perform actions on behalf of the account, so it's essential to keep the key secure and only use it when necessary.
- How to secure Hive Key
Hive Keychain: Users can safely store and manage their Hive account keys, which are necessary to complete transactions on the Hive blockchain, with the help of Hive Keychain. Users no longer have to manually enter their private keys each time they want to access their Hive accounts to carry out tasks like voting, posting, commenting, exchanging money, and more thanks to Hive Keychain. This makes using the Hive blockchain considerably more convenient and safe.
- How to find your Hive key
I'll be explaining this procedure from Peakd.
First
~ You go to your profile on Peakd on a desktop and click on ACCOUNT ACTION
~Then the Account Action nav bar opens and you'll click on KEY & PERMISSIONS
~Then you'll see your keys but there aren't visible yet until you'll put in your MASTER KEY and to do so you'll click the REVIEW KEY button which is down the page
~when you click on the button you'll be shown where you'll put your master key then afterward your Key will be reviewed.
- Conclusion
Now you've learned about hive keys and security, I can you're among those who are safe from scams and hackers.
Thank you so much for reading
