Implementing two factor authentication on Steemit would not do any good. The blockchain authenticates using your private keys, so even if Steemit.co would prevent them from accessing your wallet, it wouldn't stop a hacker from stealing your funds if they got your key.
Powering up is one way to prevent significant damage from a hacker. If your account gets hacked they can take your liquid funds, but they would not be able to get your SP without powering down first. Hopefully within the time they tried to do that, you could recover your account and change your keys.
Thanks for the info..i was thinking once one looses his key...no way to recover account...what's the option to do...or any code...key to save and use to confirm verification on password recovery?
If a user looses their key, there is no way to recover their account. Don't loose your key. Make sure you save it and back it up somewhere safe.
Ok...thanks.and this is why I always insist steemit should create additional option to help in recovery...like a serial code...hope in the future this issue will be looked into especially as we plan the next Fork and SMT where some of us planning to save huge amount of steem power now shall be millionaire through steem when steem will cross $100 mark... Thanks my witness for the answers... I appreciate and will more if sometime you check out my style if blogging..and comment...😎