Security: Safeguard your crypto funds from Malicious hackers and attacks.
I think there is no dearth of articles about Crypto security in the internet and in the same time there are plenty of examples where users, exchanges, and platforms getting hacked and attacked all the time. So in short, more awareness is required and it's everyone's responsibility to safeguard the funds. We do not have to look far, the current attack on Hive-Engine is one of them but the good thing is that funds were safe though the chain was unavailable for more than a day.
General Security Rules.
Rule is to never share your keys and keep your funds in your own wallet. It is also never advisable to put your keys on untrusted sides as it is sure recipe to disaster. Also do not download the files from untrusted websites or accept any kind of files from untrusted source. Having antivirus in the system that can scan your periodically will also help.
This also make utmost important that we should not be using the public computers for our crypto activity or any kind of financial activity and logins.
Having above checks and good and this list can go on endlessly as hackers are "honing" or devising new ways of attacks.
If you got compromised, then your funds can be immediately transferred out and here comes the Hive's additional safety features that may save your fund even if you get compromised. This extra safety net of Hive is a masterpeice and provide time to user to react to an attack.
Hive provides an additional layer for the security of funds.
In Hive, if your Hive is staked, then it require 13 week to completely drain off, and at least a week to move out the partial fund (1/13) in a week.
But what if the Hive and HBD are not staked and liquid?
If they are in liquid, an attacker can immediately withdraw them, but if you keep your Hive in savings or "Transfer to savings" your Liquid Hive, it will take 3.5 days to get it transferred from savings to liquid, if your are attacked, then attacker need to do the same procedure and you have 3.5 days to react and save your funds.
Transfer to savings : Source Peakd
Same goes for "Stake HBD (HBD Savings)" which will lock your HBD for 3.5 days
and give you 15% interest in staked HBD. Actually giving interest in the HBD is not in the initial design of the blockchain and it was the plain security feature only.
Stake HBD (HBD Savings) : Source Peakd
Hive provides a second chance if your keys are compromised.
Now, if your keys is compromised, all is lost in crypto space but not in Hive as Hive has another feature that is known as "Recovery Account" , that can recover your account. Make sure to have some known and trusted person to recover your account and if you have some technical knowledge then I guess, you can have your alt account as recovery account. I will explain this more in "Tools in Hive to help to secure your account" section. One thing to note that you should be having the old Keys to recover, if you lost your keys then Hive also follow the same principle, "Not your Keys, not your crypto".
Tools in Hive to help to secure your account.
1. Hive Keychain
Hive Keychain, developed by @stoodkev and @yabapmatt is the most popular browser extension tool in which you can save your keys, so that you can authenticate you connection using Hive Key Chain without exposing your keys to external sites. They are other tools like HiveSigner and PeakAuth lock also but I have not used them as such.
2. Peak'd Permissions Review.
Hive Keychain helps you in mitigating the exposure of your keys to other sites, but what happen when explicitly grant some permission to an site to perform an action from your behalf? On this front Peakd Permission Review will be your great savior to detect this.
Go to your profile in Peakd and click on "Account Action" and a drop down will be available there and click on "Keys & Permissions" there.
Further Navigate to the "Authorities" tab there and check the level of permission is provided and to which accounts. Revoke the authority from the account that you do not use or do not recognize. For the known accounts, check if your authority is limited to "posting" on it. Remember, when you give the permission to outside accounts , you give the "least" permissions that is required to perform the job instead of giving more permissions.
3. Set your recovery account.
We have talked about it earlier in this post and we will go little deeper here. Tool is available for recovery in Hive is Hive Account Recovery and how this whole tool works, you can all read this in the very detailed post here authored by the @arcange , who is also the creator of this tool too. Reading through that post and the comments underneath the post will definitely help you get the deep understanding on this tool.
https://ecency.com/hive/@arcange/introducing-hive-account-recovery
My other posts on Crypto Security.
If Crypto Security is not part of your planning, you may regret it one day.
Secure your crypto but do not forget your keys.
My 2 cents.
Security is sometimes most overlooked but need to be practiced daily. You should keep vigil and do not click on suspicious link like "Get 100 HBD, click here" . Do not blindly trust anybody.
This is actually a very vast topic and will be very hard to cover all aspect but on the other hand, you common sense and not trusting anybody without verifying is more than half the battle won. I also understand, for most of the Hive veteran there is nothing new that they do not know but for past few days, I got follow from new accounts in Hive and there some of the questions made me feel that this information need to be reiterated again.
So stay safe and keep your funds safe.
Posted Using INLEO
Very good information, thank you very much
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@gladiadorr, I sent you anThose are some good tips. I agree that people should be careful about where they click. I don't think clicking those scam links on free HBD or etc is a common scam.
It is not common in Hive but many ETH/metamask wallets got drained in luring the user giving their own keys by themselves.
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@jfang003, I sent you anYou are welcome.
BTW, may I ask you to support the HiveSQL proposal so we can keep it free for the community?
You can do it on Peakd, ecency, or using HiveSigner
Thank you!
Done.
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