Greetings everybody.
Here in this post I am going to showcase my understanding about various aspects of Hibe keys & its security,
namely:
Knowledge about it: The passwords of Hive are generated by an automated system, they are pretty long in leangth, consisting of at least 50 characters and both letters & digits. These keys are changeable if needed and has to be updated at times.
Importance of these keys: Well this is too obvious to talk about the importance of passwords, simply because, they are the very first thing we need to get started and to step forward into the proceeding. In other words, without these keys,you are out of business.
3.Where to find them: To locate the passwords you have to go to your profile and then to wallet, then click on keys & permission, once you are there, you will find everything you need to know.
4.Functions of these passwords: Hive provides four(4)keys, and all of them has different roles to play. In fact, every password has multiple permissions.
Namely:
A. Posting key & it permissions : publishing, commenting, editing, voting, following and muting an account.
B.Active key:This key works with wallet related antions like transfer of tokens, power up Hive and down, HBD conversion and few more permissions.
C. Owner key:It is needed to change other keys and to recover your account. Thats why it is the most important key.
D. Memo key:Sends and view encrypted messages.
5.Where to keep these passwords :It is immensely important to keep these keys in the best possible safety. The common practice is to keep them in various files of computer. 2ndly,I like the idea called "Go old school" provided by @prayzz (moderator ). And finally my won idea is to take a photo and print it on a paper.
In conclusion, I would like to say that, we need to be extremely careful about the security of these passwords, because they take care of our hard-earned money. That's it for now.
Keep on smiling.