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Help Newest online update question...Huawei Ascend 2

I keep getting a notification that says that I am able to perform an online update for my Huawei Ascend 2 but I am not quite sure whether I have to or need to perform this update. Does anyone know what it will do? It is asking me to backup all my data before I perform the update. Makes me nervous when I don't know what I am doing...don't want to lose any of my information. Does it make the phone run smoother? Someone please helpp???...:p
 
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