Cake Wallet Update

The Cake Wallet team is thrilled to announce v4.19.5, bringing some new features to make your experience smoother & safer.

Bitcoin BIP39

It’s been a long time coming! From here on out, all new wallets will utilize BIP39 by default. You can still enable the electrum seed type through the advanced settings page. You can do this while creating a new Bitcoin or Litecoin wallet by clicking ‘Advanced Settings’ when you’re assigning a wallet name.

To learn more about BIP39 visit the wiki here

Bitcoin Passphrase

We heard your feedback and worked diligently to introduce a new security feature: Bitcoin Passphrases. Put simply: A passphrase adds a word to your seed requiring you to have your seed and your passphrase. This means even if someone gets access to your seed, they won’t be able to restore your wallet.

• This is great for security
• Warning: This means you need to be extra careful. You need a safe place to store your seed and your passphrase. You need both data points to restore your wallet. If you lose your passphrase you will lose your funds.
• You can enable this in the same menu we referred to earlier. While creating a wallet you can select ‘Advanced Settings’ when you’re assigning a wallet name. There you will see the optional setting to utilize a passphrase.

Silent Payments Syncing

We don’t want to promise any specific speed gain, but we’re continually improving sync times for Silent Payments. Many of you should notice substantial speed improvements while scanning! It’ll only get better from here. We’re pushing new territory and still the first major wallet to support both sending & receiving of Silent Payments.

Other Improvements

• Improved fee calculation for Bitcoin to protect against overpaying or underpaying
• Enhance auto-address generation for Monero
• Bug fixes and enhancements

Have fun with the new update! The Cake Team.