diff --git a/src/App.tsx b/src/App.tsx
index 5b8d70c..d08f201 100644
--- a/src/App.tsx
+++ b/src/App.tsx
@@ -28,6 +28,7 @@ import { EIP155_SIGNING_METHODS } from './utils/wallet-connect/EIP155Data';
 import { getSignParamsMessage } from './utils/wallet-connect/helpers';
 import ApproveTransaction from './screens/ApproveTransaction';
 import AddNetwork from './screens/AddNetwork';
+import EditNetwork from './screens/EditNetwork';
 import { COSMOS, EIP155 } from './utils/constants';
 import { useNetworks } from './context/NetworksContext';
 import { NETWORK_METHODS } from './utils/wallet-connect/common-data';
@@ -281,6 +282,13 @@ const App = (): React.JSX.Element => {
             title: 'Add Network',
           }}
         />
+        <Stack.Screen
+          name="EditNetwork"
+          component={EditNetwork}
+          options={{
+            title: 'Edit Network',
+          }}
+        />
       </Stack.Navigator>
       <PairingModal
         visible={modalVisible}
diff --git a/src/components/Accounts.tsx b/src/components/Accounts.tsx
index d43b586..84cd84f 100644
--- a/src/components/Accounts.tsx
+++ b/src/components/Accounts.tsx
@@ -183,6 +183,21 @@ const Accounts = ({ currentIndex, updateIndex }: AccountsProps) => {
           </TouchableOpacity>
         </View>
 
+        <View style={styles.signLink}>
+          <TouchableOpacity
+            onPress={() => {
+              navigation.navigate('EditNetwork', {
+                selectedNetwork: selectedNetwork!,
+              });
+            }}>
+            <Text
+              variant="titleSmall"
+              style={[styles.hyperlink, { color: theme.colors.primary }]}>
+              Edit Network
+            </Text>
+          </TouchableOpacity>
+        </View>
+
         {!selectedNetwork!.isDefault && (
           <View style={styles.signLink}>
             <TouchableOpacity
diff --git a/src/context/NetworksContext.tsx b/src/context/NetworksContext.tsx
index 8a023ad..ed94000 100644
--- a/src/context/NetworksContext.tsx
+++ b/src/context/NetworksContext.tsx
@@ -5,8 +5,6 @@ import { retrieveNetworksData, storeNetworkData } from '../utils/accounts';
 import { DEFAULT_NETWORKS, EIP155 } from '../utils/constants';
 
 const NetworksContext = createContext<{
-  currentIndex: number;
-  setCurrentIndex: (index: number) => void;
   networksData: NetworksDataState[];
   setNetworksData: React.Dispatch<React.SetStateAction<NetworksDataState[]>>;
   networkType: string;
@@ -16,8 +14,6 @@ const NetworksContext = createContext<{
     React.SetStateAction<NetworksDataState | undefined>
   >;
 }>({
-  currentIndex: 0,
-  setCurrentIndex: () => {},
   networksData: [],
   setNetworksData: () => {},
   networkType: '',
@@ -33,7 +29,6 @@ const useNetworks = () => {
 
 const NetworksProvider = ({ children }: { children: any }) => {
   const [networksData, setNetworksData] = useState<NetworksDataState[]>([]);
-  const [currentIndex, setCurrentIndex] = useState<number>(0);
   const [networkType, setNetworkType] = useState<string>(EIP155);
   const [selectedNetwork, setSelectedNetwork] = useState<NetworksDataState>();
 
@@ -50,14 +45,22 @@ const NetworksProvider = ({ children }: { children: any }) => {
       setSelectedNetwork(retrievedNewNetworks[0]);
     };
 
-    fetchData();
-  }, []);
+    if (networksData.length === 0) {
+      fetchData();
+    }
+  }, [networksData]);
+
+  useEffect(() => {
+    setSelectedNetwork(prevSelectedNetwork => {
+      return networksData.find(
+        networkData => networkData.networkId === prevSelectedNetwork?.networkId,
+      );
+    });
+  }, [networksData]);
 
   return (
     <NetworksContext.Provider
       value={{
-        currentIndex,
-        setCurrentIndex,
         networksData,
         setNetworksData,
         networkType,
diff --git a/src/screens/AddNetwork.tsx b/src/screens/AddNetwork.tsx
index daafb7a..c1ab657 100644
--- a/src/screens/AddNetwork.tsx
+++ b/src/screens/AddNetwork.tsx
@@ -20,13 +20,16 @@ import { StackParamsList } from '../types';
 import { SelectNetworkType } from '../components/SelectNetworkType';
 import { storeNetworkData } from '../utils/accounts';
 import { useNetworks } from '../context/NetworksContext';
-import { COSMOS, EIP155, CHAINID_DEBOUNCE_DELAY } from '../utils/constants';
+import {
+  COSMOS,
+  EIP155,
+  CHAINID_DEBOUNCE_DELAY,
+  EMPTY_FIELD_ERROR,
+  INVALID_URL_ERROR,
+} from '../utils/constants';
 import { getCosmosAccounts } from '../utils/accounts';
 import ETH_CHAINS from '../assets/ethereum-chains.json';
 
-const EMPTY_FIELD_ERROR = 'Field cannot be empty';
-const INVALID_URL_ERROR = 'Invalid URL';
-
 const ethNetworkDataSchema = z.object({
   chainId: z.string().nonempty({ message: EMPTY_FIELD_ERROR }),
   networkName: z.string().nonempty({ message: EMPTY_FIELD_ERROR }),
@@ -59,6 +62,7 @@ const AddNetwork = () => {
   const { setNetworksData } = useNetworks();
 
   const [namespace, setNamespace] = useState<string>(EIP155);
+  const [isLoading, setIsLoading] = useState(false);
 
   const networksFormDataSchema =
     namespace === EIP155 ? ethNetworkDataSchema : cosmosNetworkDataSchema;
@@ -114,6 +118,7 @@ const AddNetwork = () => {
 
   const submit = useCallback(
     async (data: z.infer<typeof networksFormDataSchema>) => {
+      setIsLoading(true);
       const newNetworkData = {
         ...data,
         namespace,
@@ -176,6 +181,7 @@ const AddNetwork = () => {
         ),
       ]);
 
+      setIsLoading(false);
       navigation.navigate('Laconic');
     },
     [navigation, namespace, setNetworksData],
@@ -358,8 +364,12 @@ const AddNetwork = () => {
           />
         </>
       )}
-      <Button mode="contained" onPress={handleSubmit(submit)}>
-        Submit
+      <Button
+        mode="contained"
+        loading={isLoading}
+        disabled={isLoading}
+        onPress={handleSubmit(submit)}>
+        {isLoading ? 'Adding' : 'Submit'}
       </Button>
     </ScrollView>
   );
diff --git a/src/screens/EditNetwork.tsx b/src/screens/EditNetwork.tsx
new file mode 100644
index 0000000..ef787c8
--- /dev/null
+++ b/src/screens/EditNetwork.tsx
@@ -0,0 +1,148 @@
+import React, { useCallback, useState } from 'react';
+import { ScrollView, View } from 'react-native';
+import { useForm, Controller } from 'react-hook-form';
+import { TextInput, Button, HelperText, Text } from 'react-native-paper';
+import { setInternetCredentials } from 'react-native-keychain';
+import { z } from 'zod';
+
+import { zodResolver } from '@hookform/resolvers/zod';
+import {
+  NativeStackNavigationProp,
+  NativeStackScreenProps,
+} from '@react-navigation/native-stack';
+import { useNavigation } from '@react-navigation/native';
+
+import { StackParamsList } from '../types';
+import styles from '../styles/stylesheet';
+import { retrieveNetworksData } from '../utils/accounts';
+import { useNetworks } from '../context/NetworksContext';
+import { EMPTY_FIELD_ERROR, INVALID_URL_ERROR } from '../utils/constants';
+
+const networksFormDataSchema = z.object({
+  networkName: z.string().nonempty({ message: EMPTY_FIELD_ERROR }),
+  rpcUrl: z.string().url({ message: INVALID_URL_ERROR }),
+  blockExplorerUrl: z
+    .string()
+    .url({ message: INVALID_URL_ERROR })
+    .or(z.literal('')),
+});
+
+type EditNetworkProps = NativeStackScreenProps<StackParamsList, 'EditNetwork'>;
+
+const EditNetwork = ({ route }: EditNetworkProps) => {
+  const [isLoading, setIsLoading] = useState(false);
+
+  const { setNetworksData } = useNetworks();
+  const navigation =
+    useNavigation<NativeStackNavigationProp<StackParamsList>>();
+
+  const {
+    control,
+    formState: { errors },
+    handleSubmit,
+  } = useForm<z.infer<typeof networksFormDataSchema>>({
+    mode: 'onChange',
+    resolver: zodResolver(networksFormDataSchema),
+  });
+  const networkData = route.params.selectedNetwork;
+
+  const submit = useCallback(
+    async (data: z.infer<typeof networksFormDataSchema>) => {
+      setIsLoading(true);
+
+      const retrievedNetworksData = await retrieveNetworksData();
+
+      const newNetworkData = { ...networkData, ...data };
+      const index = retrievedNetworksData.findIndex(
+        network => network.networkId === networkData.networkId,
+      );
+
+      retrievedNetworksData.splice(index, 1, newNetworkData);
+
+      await setInternetCredentials(
+        'networks',
+        '_',
+        JSON.stringify(retrievedNetworksData),
+      );
+
+      setNetworksData(retrievedNetworksData);
+
+      setIsLoading(false);
+      navigation.navigate('Laconic');
+    },
+    [networkData, navigation, setNetworksData],
+  );
+
+  return (
+    <ScrollView contentContainerStyle={styles.signPage}>
+      <View>
+        <Text style={styles.subHeading}>
+          Edit {networkData?.networkName} details
+        </Text>
+      </View>
+      <Controller
+        control={control}
+        defaultValue={networkData.networkName}
+        name="networkName"
+        render={({ field: { onChange, onBlur, value } }) => (
+          <>
+            <TextInput
+              mode="outlined"
+              label="Network Name"
+              value={value}
+              onBlur={onBlur}
+              onChangeText={textValue => onChange(textValue)}
+            />
+            <HelperText type="error">{errors.networkName?.message}</HelperText>
+          </>
+        )}
+      />
+      <Controller
+        control={control}
+        name="rpcUrl"
+        defaultValue={networkData.rpcUrl}
+        render={({ field: { onChange, onBlur, value } }) => (
+          <>
+            <TextInput
+              mode="outlined"
+              label="New RPC URL"
+              onBlur={onBlur}
+              value={value}
+              onChangeText={textValue => onChange(textValue)}
+            />
+            <HelperText type="error">{errors.rpcUrl?.message}</HelperText>
+          </>
+        )}
+      />
+
+      <Controller
+        control={control}
+        defaultValue={networkData.blockExplorerUrl}
+        name="blockExplorerUrl"
+        render={({ field: { onChange, onBlur, value } }) => (
+          <>
+            <TextInput
+              mode="outlined"
+              value={value}
+              label="Block Explorer URL  (Optional)"
+              onBlur={onBlur}
+              onChangeText={textValue => onChange(textValue)}
+            />
+            <HelperText type="error">
+              {errors.blockExplorerUrl?.message}
+            </HelperText>
+          </>
+        )}
+      />
+      <Button
+        mode="contained"
+        loading={isLoading}
+        disabled={isLoading}
+        onPress={handleSubmit(submit)}>
+        {isLoading ? 'Adding' : 'Submit'}
+      </Button>
+    </ScrollView>
+  );
+};
+
+export default EditNetwork;
diff --git a/src/screens/HomeScreen.tsx b/src/screens/HomeScreen.tsx
index 91df6bc..1e09b37 100644
--- a/src/screens/HomeScreen.tsx
+++ b/src/screens/HomeScreen.tsx
@@ -92,16 +92,13 @@ const HomeScreen = () => {
   };
 
   const confirmResetWallet = useCallback(async () => {
-    const updatedNetworks = networksData.filter(
-      networkData => networkData.isDefault,
-    );
-    setNetworksData(updatedNetworks);
-    setSelectedNetwork(undefined);
     setIsWalletCreated(false);
     setIsWalletCreating(false);
     setAccounts([]);
     setCurrentIndex(0);
-    await resetWallet(updatedNetworks);
+    setNetworksData([]);
+    setSelectedNetwork(undefined);
+    await resetWallet();
     const sessions = web3wallet!.getActiveSessions();
 
     Object.keys(sessions).forEach(async sessionId => {
@@ -114,7 +111,6 @@ const HomeScreen = () => {
 
     hideResetDialog();
   }, [
-    networksData,
     setAccounts,
     setActiveSessions,
     setCurrentIndex,
diff --git a/src/styles/stylesheet.js b/src/styles/stylesheet.js
index e925b5d..e5a579e 100644
--- a/src/styles/stylesheet.js
+++ b/src/styles/stylesheet.js
@@ -204,7 +204,9 @@ const styles = StyleSheet.create({
   },
   subHeading: {
     textAlign: 'center',
-    fontWeight: '600',
+    fontWeight: 'bold',
+    marginBottom: 10,
+    marginTop: 10,
   },
   centerText: {
     textAlign: 'center',
diff --git a/src/types.ts b/src/types.ts
index f2f4975..5aafdb3 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -26,6 +26,9 @@ export type StackParamsList = {
   WalletConnect: undefined;
   AddSession: undefined;
   AddNetwork: undefined;
+  EditNetwork: {
+    selectedNetwork: NetworksDataState;
+  };
 };
 
 export type Account = {
diff --git a/src/utils/accounts.ts b/src/utils/accounts.ts
index e46cca0..cfa0d52 100644
--- a/src/utils/accounts.ts
+++ b/src/utils/accounts.ts
@@ -225,13 +225,13 @@ const retrieveSingleAccount = async (
   return loadedAccounts.find(account => account.address === address);
 };
 
-const resetWallet = async (networks: NetworksDataState[]) => {
+const resetWallet = async () => {
   try {
     await Promise.all([
       resetInternetCredentials('mnemonicServer'),
       resetKeyServers(EIP155),
       resetKeyServers(COSMOS),
-      setInternetCredentials('networks', '_', JSON.stringify(networks)),
+      setInternetCredentials('networks', '_', JSON.stringify([])),
     ]);
   } catch (error) {
     console.error('Error resetting wallet:', error);
diff --git a/src/utils/constants.ts b/src/utils/constants.ts
index 87c304b..aea8e6a 100644
--- a/src/utils/constants.ts
+++ b/src/utils/constants.ts
@@ -26,3 +26,6 @@ export const DEFAULT_NETWORKS = [
 ];
 
 export const CHAINID_DEBOUNCE_DELAY = 250;
+
+export const EMPTY_FIELD_ERROR = 'Field cannot be empty';
+export const INVALID_URL_ERROR = 'Invalid URL';