For ETH holders using hardware wallets, the question often arises: What will happen to your token if a fork follows the merge, which is expected around noon today?
Charles Guillemet, CTO of Ledger Wallet, explains, “In the event of a fork, the first thing anyone should know is any assets. that users currently have on the main network will be safe,” adding that the company “will not support the ETH Proof of Work fork on Day 1 as there are a number of technical aspects that need to be assessed to be sure. that it is safe for users And it is important to ensure that the new chain is secure.”
Likewise, Josef Tětek, bitcoin analyst at Trezor, said: “Trezor Suite will not support ETH Proof of Work fork after The Merge, but users will still be able to use Trezor with third-party interfaces such as MetaMask to gain access. the old version of the blockchain.”
Swiss wallet provider Tangem There are no plans to support a PoW fork either, with CTO Andrey Lazutkin saying, “Until we are certain of the seriousness of this hard fork proponent, we will not be ready to show our customers support for the project.” Says Andrey Lazutkin, CTO.
ETH holders who use hardware wallets and control their own private keys will have quick access to the two sets of coins (ETHW and ETH). Owners of the private keys can collect the forked coins by using the Metamask to connect to the network. PoW network with Ethereum Virtual Machine (EVM) wallet
Crypto wallet company also cautions users to take extra caution during and after the network upgrade. “Scammers tend to come out in abundance especially during major network upgrades. So don’t interfere with anyone claiming that you need to take urgent action to protect your coins,” Tetek warns.
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