OneKey Hardware Wallet to Support Ethereum Shapella Network Upgrades and ETH Pledge Extraction
According to reports, the hardware wallet OneKey officially stated that it will support Ethereum Shapella network upgrades without user intervention. Meanwhile,
According to reports, the hardware wallet OneKey officially stated that it will support Ethereum Shapella network upgrades without user intervention. Meanwhile, the upcoming new version of OneKey will also support ETH pledge extraction function.
The new version of OneKey will support ETH pledge extraction function
With the rise of cryptocurrencies, more people are now turning their attention to digital assets as a viable investment option. However, one crucial aspect that often gets overlooked is the security of their funds. That’s where hardware wallets come in. They are designed to keep your digital assets secure from prying eyes and cyber threats. One such hardware wallet, OneKey, has announced that it will support the Ethereum Shapella network upgrades without user intervention. Additionally, the upcoming new version of OneKey will support the extraction of ETH pledges. Let’s take a closer look at what this means for users.
What is OneKey Hardware Wallet?
OneKey is a hardware wallet that allows users to safely store their digital assets. It is designed to offer robust security features, such as encryption and secure key storage. The wallet comes with a built-in screen that displays the transaction details and a physical button to verify the transaction before it is sent. OneKey is compatible with multiple cryptocurrencies, including Bitcoin, Ethereum, and ERC-20 tokens.
What is Ethereum Shapella Network Upgrade?
Ethereum Shapella is a network upgrade that aims to bring several improvements, including lower transaction fees, faster confirmation times, and higher scalability. However, this upgrade requires users to update their wallets manually. OneKey aims to simplify this process by providing automatic support for the Ethereum Shapella network upgrades without user intervention. This means that users won’t have to manually update their wallets to be able to send and receive transactions on the upgraded network.
What is ETH Pledge Extraction Function?
ETH pledge extraction function is a new feature that will be introduced in the upcoming version of OneKey. This function will allow users to extract their ETH pledges from smart contracts. Pledged ETH is a type of asset that is locked in smart contracts as part of the Ethereum network’s proof-of-stake consensus mechanism. With the ETH pledge extraction function, users will be able to extract their pledged ETH without having to go through complex processes manually.
How OneKey Supports Ethereum Shapella Network Upgrades and ETH Pledge Extraction
OneKey has announced that its users won’t have to take any action to support the Ethereum Shapella network upgrades. The wallet will automatically update to the latest version, which will support the upgraded network. Additionally, the upcoming new version of OneKey will support the extraction of ETH pledges without user intervention. This means that users will be able to extract their pledged ETH with ease and without any complications.
Conclusion
OneKey’s decision to support Ethereum Shapella network upgrades and ETH pledge extraction function is a significant development for the cryptocurrency industry. It will make it easier for users to adopt new upgrades and take advantage of new features on the Ethereum network. OneKey’s automatic support for the network upgrade and extraction of ETH pledges without user intervention will ensure that users’ digital assets remain secure and easily accessible.
FAQs
1. Is OneKey hardware wallet compatible with ERC-20 tokens?
Yes, OneKey hardware wallet is compatible with ERC-20 tokens.
2. How does OneKey ensure the security of users’ digital assets?
OneKey hardware wallet uses robust security features, such as encryption and secure key storage, to keep users’ digital assets secure.
3. What is the minimum amount of ETH required to pledge?
There is no minimum amount of ETH required to pledge. However, the more ETH that is pledged, the higher the chances of being selected as a validator on the network.
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