Do not share your private key

Blockchain is a safe environment in which you carry out all transactions on the chain using your private keys. There are two sorts of keys: private keys and public keys. These keys are generated when you establish an account on the blockchain. There is a master password that controls all of these other keys. Keeping the private keys safe is critical. Public keys are public and may be shared with anybody, whereas private keys should not be shared. Especially the active and owner keys should not be shared with anybody.

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Understanding the various sets of keys available on Hive might be rather perplexing for those new to the platform. Even some of the most seasoned members are not fully aware of the keys. These keys are easily understood as passwords, although they are not. For those who are unfamiliar with private keys, I recommend reading some articles to learn more, and if you are still unsure, there is no harm in asking a senior member who is well-versed in them.

We have a facility on the chain where we may provide authorization to someone. If you need to share account permissions with others, you may do so by providing authority rather than handing them the private keys directly. People can mimic and complete necessary duties with the assistance of account authorities. The biggest advantage of sharing it this way is that you can simply cancel the rights rather than updating the keys each time. If we do not wish to continue granting access to someone, we may revoke their key rights at any moment.

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When creating bots on Hive to automate certain processes, private keys may be necessary. Sometimes it's necessary to operate with numerous accounts. Even in such scenario, a single key in the environment or configuration file is adequate. The additional accounts utilized by the bot can be granted the same power as the primary account, making key management easy.