Hardware Wallet OneKey To Support Ethereum Shapella Network Upgrade and ETH Pledge Extraction

04/07/2023 11:11 • NFT Newsflash • 128 views

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 increasing popularity of cryptocurrencies, securing digital assets has become an essential aspect to ensure their safekeeping. Hardware wallets have been introduced to overcome security concerns related to the storage of digital assets. One such hardware wallet provider, OneKey, has recently announced its decision to support the Ethereum Shapella network upgrade and add ETH pledge extraction function to its upcoming new version.

Introduction

The world of cryptocurrencies is continuously evolving, and companies are introducing new products and services to cater to the increasing demand for digital assets. OneKey, a hardware wallet provider, has been working on improving its offerings to provide secure storage and management solutions for its customers’ cryptocurrencies. In a recent statement, OneKey announced that it would support the Ethereum Shapella network upgrade and add ETH pledge extraction function to its new version.

What is Ethereum Shapella Network Upgrade?

Ethereum, the second-largest cryptocurrency by market capitalization, has been going through various network upgrades. The upcoming Shapella network upgrade is one such upgrade that will introduce several new features and improvements to the network. One of the critical improvements is the introduction of a new transaction format that aims to reduce transaction fees and enhance user experience.

OneKey’s Decision to Support ETH Shapella Network Upgrade

OneKey has been closely monitoring the progress of ETH network upgrades and is committed to providing its users with the latest features and updates. The decision to support the Ethereum Shapella network upgrade is a significant step towards achieving this goal. OneKey users will now be able to access the new transaction format without any user intervention, ensuring a smooth and hassle-free experience.

ETH Pledge Extraction Function

In addition to supporting the Shapella network upgrade, the upcoming new version of OneKey will also have a crucial feature that enables ETH pledge extraction. It means that users will be able to remove their staked ETH without the need for a third-party service provider. This feature will provide OneKey customers with a more secure way of managing their staked ETH assets.

Benefits of OneKey Hardware Wallet

OneKey’s hardware wallet offers several benefits to its users, including unparalleled security, easy-to-use interface, and convenient management of digital assets. OneKey uses advanced security features to ensure that private keys are never exposed to the internet, making it safe from hacking attempts. Additionally, OneKey’s simple and user-friendly interface makes managing cryptocurrencies a breeze, even for beginners.

Conclusion

In conclusion, OneKey’s decision to support the Ethereum Shapella network upgrade and add ETH pledge extraction function to its new version is a significant milestone in the world of cryptocurrency storage and management. OneKey’s hardware wallet will provide its users with enhanced security, convenience and ease of management of digital assets. With the increasing number of networks updates being introduced, it is good to know that OneKey is dedicated to keeping up with the latest developments and providing its users with the latest features.

FAQs

**Q. Is OneKey’s hardware wallet compatible with all cryptocurrencies?**
A. OneKey’s hardware wallet supports over 5000 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more.
**Q. Can I store my cryptocurrencies offline using OneKey’s hardware wallet?**
A. Yes, OneKey’s hardware wallet is designed to store cryptocurrencies offline, which ensures better security and protection from hacking attempts.
**Q. Can I manage my digital assets using OneKey’s hardware wallet mobile app?**
A. Yes, you can download OneKey’s hardware wallet mobile app and manage your digital assets from anywhere at any time.

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