You are viewing a single comment's thread from:

RE: Weekly report: How much HIVE is stored on the exchanges? - July 13, 2022

in Hive Statistics3 months ago

Hi @sorin.cristescu! Thank you for complementing what @demotruk said!

I basically enter active because "powering up" and things like that. Posting for obvious reasons, but I don't know what the Memo key is for or if I should enter it at all.

Sort:  

Memo key is the least important in the hierarchy of keys. It's used to sign and encrypt "memos" (messages). To send an encrypted message you start a 0.001 transfer and in the "memo" field you precede your text with a hash key: #. This will instruct the software to encrypt the message with the public memo key of the destinatary

Wow, enrcipted messages? 😮

I don't even know where to start with that? Messages, between users or just strictly when making a transfer?

Sorry I ask so many questions. This is a whole new world to me!