Cake Wallet v4.20.0 - MWEB! Introducing the Future of Privacy, Scalability, and More

Cake Wallet version 4.20.0 introduces MWEB for better Litecoin privacy, wallet groups to help keep things tidy, and many more improvements across the board!

Summary of changes:

• Litecoin MWEB - Bringing privacy & scalability to Cake Wallet. The first cross-platform wallet to introduce MWEB. And it’s a piece of cake to use.
• Wallet groups - Categorize your wallets, keep things tidy.
• Silent Payment enhancements - We’re continually improving speed, reliability and usability of Silent Payments for your private Bitcoin needs.
• Monero enhancements - Sending improvements. Address generation refactoring is in testing.
• Introducing StealthEx and LetsExchange for more exchange options!
• We’ve added ERC20 tokens scam detection for some extra safety
• Many other minor changes

Litecoin MWEB: A Game-Changer for Privacy

Probably the most exciting update is the integration of Litecoin MimbleWimble Extension (MWEB). Cake Wallet is now the first cross-platform wallet to offer MWEB support. This means users can enjoy enhanced privacy and scalability when transacting with Litecoin. Enabling and using MWEB is of course a piece of cake:

1. Go into your Litecoin wallet
2. Tap enable MWEB.
3. Hello, privacy.

To learn more about MWEB, visit the Litecoin article

We’ll be posting more information in the near future with more technical details as well.

Wallet Groups: Organize Your Wallets with Ease

To help users better manage their wallets, we’ve introduced the ability to create wallet groups. This allows you to create wallets for different cryptos (i.e. Bitcoin, Litecoin, and Ethereum) from the same seed and group them together. This makes backups easier as you can save one seed and restore your wallets from it. Keep your eyes open for Monero support coming soon.

Bitcoin Silent Payment Enhancements

Our Silent Payment feature, designed for private Bitcoin transactions, has received several important improvements in this update. We’ve focused on enhancing speed, reliability, and usability to continue to provide you all with a private experience. We’ve been seeing many reports of people reporting much faster sync times and improved usability, and we hope these changes in 4.20.0 will improve even further!

Monero Improvements: Icing on the Cake

For Monero users, the update includes sending improvements and address generation refactoring, which is currently in testing. These enhancements aim to streamline the Monero transaction process and improve security.

Expanded Exchange Options with StealthEx and LetsExchange

We’re continually searching for exchange partners to make sure our users receive the best rates with speed and security. Swaps will continue to improve.

Conclusion

With MWEB, we now have two privacy-first technologies not found elsewhere:

• Silent Payments for Bitcoin
• MWEB for Litecoin

Neither of these can be found in any other cross-platform wallet. We are proud to offer next-generation privacy tools to our customers, all accessible in our open source application. Whether you use Bitcoin, Litecoin, or Monero—our goal is to improve the privacy of all users in the cryptocurrency space. And most importantly: give users the option to transact with varying levels of privacy across their favorite projects. We hope our development of these projects can encourage greater community adoption. Share with us your feedback on MWEB and any issues you experience. Enjoy the update!

The Cake Wallet Team 🍰