NEWBIE INITIATIVE TASK 3: HIVE KEYS AND RECOVERY ACCOUNT PROCEDURES.
Securing your hive account isn't something to be taken for granted especially since cyber crimes are now on the high side. In essence, we must be careful with our passwords and keys in order to avoid hacking of our accounts.
One good thing about the hive blockchain is that it secures the users account. But, it doesn't stop there. Ever hiver should be at alert, making sure to keep their keys safely.
Highlight the steps involved in changing the trustee account (recovery account) to your hive.
The trustee's account belongs to the owner and is controlled by the owner. In order to view one's recovery account, there are three dots located at the settings button when you log in using PeakD. When you click on the buttons, it will reveal a list of options, there, you can find the trustee's account.
After that, you click on account you wish to change to and fill in the required information.
It is important that your recovery account is someone close to you who you can access even offline, someone trustworthy.
If you invite someone to the hive blockchain and have to give a proper explanation of the function of each key, write out what your explanation will look like for each key.
When a new account is opened on the hive blockchain, they are given important keys that must be safeguarded.
The keys include:
The posting key: This key is known as the engagement key and is used for posting, upvoting and commenting.
The active key: this key is used for making exchange. These exchanges include withdrawal or transfer of tokens on hive.
The owner key: it helps one to gain access to his account.
The master key: it is used mainly in the case of an emergency and it can stand for other keys.
The memo key: it is used to translate messages and also to decrypt messages.
Peradventure your active key gets exposed to the general public, what are the measures you will take to safeguard your assets and keep your account going forward?
If my hive keys are exposed to the general through ignorance or mistake, I will contact my trustee and I will change my active key. After this, I will make sure to be careful so as not to repeat the same mistake.
Thank you for reading through.
This is so educative, thank you for sharing this important fact with us. ♥️
It's a pleasure. Thank you for stopping by.
Well done ma’am. You executed and explained this task well. I know we all will learn a thing or two from this.
#dreemerforlife
Thank you.
You’re welcome
It's good to see how all you participants are giving responses on the given task. I think you did well with your answers and I hope you keep learning
All the best for you in this learning phase
How is your husband doing? Hope he has recovered?
Thank you, Ma'am. I really appreciate you.
He is better now.
Just like we secure our properties, we should also secure our Hive keys because they part of our lives.
You did well with the explanations.
#dreemerforlife
Thank you.
Such a nice guide for beginners, everyone must always secure their account and keep their keys to themselves to avoid any kind of hacking.
Yes. Thank you for engaging.