Thank you for your detail can you please advice what is master password i mean when we genetate a password on steemit around 52 letters are that that is Master password? Ok if suppose this is master password then what other password is available on STEEM please clear this ? Thank you in advance for your help
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The Steemit wallet is very good, but you must protect your passwords. The posting password only allows you to vote and post. The active password allows you to deposit or withdrawal Steem. The masterpassword allows you to change all your other passwords and perform all other functions. Theft can occur if you keep the passwords on your computer, connected to the internet AND your Steem is liquid like Steem or SBD. But it is more difficult if you keep your Steem as Steem Power.
So basically when we generate an account on STEEMIT and we received a private key if i am not wrong that 52 or 56 character key is Master key right? So what is other key and password on STEEMIT if you can help me to understand.
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Hi
When you generate an account on Steemit you get a four Keys.
It is a little confusing at first because what you see is a listing of your “public” keys, but you have to click on the box in front of them to get the “Private” key version of your posting key, active key and memo key. You will need your master key or master password to unlock the private version of these keys.
Then you should save the masterkey on a thumb drive and use the other keys to operate your Steemit account.
You need your “private” version of your posting key to post and vote.
You need your “Private” version of your active key to move money in or out of your account.
@SS
I didn't knew it thank you for your clarification my friend.
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