Hive Keys – Genesis League Goals

When you set up an account through Genesis League Goals, we create an account on the Hive blockchain for you. This account has four keys and a master password associated with it. When you request and receive your keys, BACK THEM UP and STORE THEM IN A SAFE PLACE.

Master Password: The master password is a string of random characters from which all of your other keys were generated and can be used to obtain all of your other keys. We recommend you only use the master password to load your keys into Hive-Keychain and then immediately put it into cold storage.

The 4 Hive keys, and their respective level of access/permission, are explained below:

Owner Key: This key is used to obtain a new master password and change the rest of your keys. Never share or give this key out because it can reset all the keys to new ones. This will also be required for Account Recovery.

Active Key: This is your financial access key; any financial transactions on the Hive blockchain require this key. Within Genesis League Goals, the following operations require an active key:

Adding an external wallet to your account
Purchasing items from the market

Posting Key: This key is a general entry key for your Hive wallet. You can safely log into many applications using it. Your posting key is also the key required to start a match, enter a tournament, and other gameplay related functions.

Memo Key: This key can be used in conjunction with the active key to send an encrypted message with a token transfer, typically 0.001 hive, and only the sender and receiver can read the message. We don't currently use the memo key within Genesis League Sports. You can use the memo key to send HIVE or HBD to someone with specific Hive wallets like Hive Keychain or wallet.hive.blog. You can encrypt these messages via transactions using the memo + active keys. Please do not put your memo key into the memo area of a transaction.

Further information about other Hive Blockchain specific uses of keys can be found below:
https://wallet.hive.blog/@yourusername/permissions

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