Do you know the function of Hive Private Keys? Watch this👇

in #waivio2 years ago

After you choose your username on Hive, a master password will be randomly generated for your account. You will see your password and four additional private keys. Never share your password and keys with anyone, make a screenshot or screen share it. You must keep it securely.

To learn how to save, manage and use your keys watch my NEW tutorial.

image

The posting key gives you access to all social actions, such as posting and commenting on Waivio and other Hive platforms, following friends, giving upvotes, claiming rewards, etc.

The active key gives you access to all the social actions and additionally to all the wallet actions, such as making and confirming financial transactions.

The owner key gives you access to all the social and wallet actions and additionally allows you to recover or change all the other keys. This key is important.

The memo key is used for decrypting private messages. It's not commonly used.

The master password is a seed phrase, which can be used to generate all the private keys. It is the most important of all because you can recover all the private keys from your account. Keep it safe as a backup for the account.

image

The first time you use www.hivesigner.com to sign into a new Hive app, you will be required to use an Active key. This is a requirement of the Hive blockchain consensus.

When you log in again, even for a different device, you no longer have to use the Active key. You can use your Posting key if you do not intend to make money transfers on that device.

Start your decentralized social journey with Waivio!

Follow Crypto Dive for tutorials and videos like this one#waivio#cryptocurrency#hivetutorials#hive#crypto#hivetutorial#hive-tutorials#seedphrase#privatekeys#privatekey#passwordmanager#cybersecurity#cybersecurity#decentralization#newtocrypto#beginner#beginnersguide#beginnerguide#welcometocrypto#leofinance#hiveaccount

Sort:  

Interesting

Save your keys.... Save your investment 💯

Congratulations @cryptodive! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 500 upvotes.
Your next target is to reach 600 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Feedback from the May 1st Hive Power Up Day
Be ready for the 5th edition of the Hive Power Up Month!
Hive Power Up Day - May 1st 2022