This update process is designed to be seamless, aimed at ensuring that your assets remain untouched during the transition. However, it is crucial to backup your wallet using recovery phrases or private keys before performing any updates. If the update is failing or you encounter bugs, you can always revert to the previous backup. Regular backups are a best practice when working with any digital wallet. In case something goes wrong, having your assets secured through backup can provide peace of mind.
While wallet updates are supposed to be smooth, there remain chances of unforeseen bugs that could potentially disrupt wallet functionality. But with the right precautions, such as regular backups, users can mitigate these risks.