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RE: Chapter 4 of 11: Understanding How to Keep our Steemit and Steem Cryptocurrency Account Safe - How to Use the 5 Different Passwords - This is part 4 of the 11 Chapters (Full Guide) to help new people make their way

in #steem • 7 years ago

I dont get the difference between the owner and master key??

Steemit saiys the following:

The owner key is the master key for the account and is required to change the other keys.

Please enlight me!

7 years ago in #steem by
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     7 years ago  

    @skytrex I believe the only difference from them is that the master password can also do what the memo key does (which is send encrypted messages, which is a function I don't actually think it works, or at least do not know how to do it). And the owner key can't do this.

    But the important thing is that if we lost them, we loose access to change passwords, and if any of these 2 (owner or master key) are stolen, anyone can gain full control of our accounts.

    Hope this makes sense to you.

    Regards, @gold84

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