Cake Wallet Introduces Decred and New Background Sync for Monero (v4.24.0)

Welcoming Decred to the Cake Wallet Family

One of the major highlights of this release is the introduction of Decred! You can now seamlessly manage, send, and receive Decred within Cake Wallet. We’re committed to offering a diverse range of cryptocurrencies, as we believe a multicurrency world is a resilient one.

Our documentation details more technical information about Decred, including:

• Seed Format: Cake Wallet uses a 15-word seed format for Decred wallets. When creating or restoring a wallet, you'll need to use this 15-word seed phrase.
• Addresses: Cake Wallet automatically generates a new Decred address after each use for better privacy. Previous addresses continue to work.
• SPV Sync: The Decred wallet in Cake uses SPV (Simply Payment Verification) which maximizes privacy and data usage.

Have Your Cake and Eat It Too with Background Sync

A large usability hurdle for cryptocurrencies like Monero is sync times. Previously, you've needed to leave Cake Wallet open to sync your Monero wallet. This limitation exists because owning your keys means your device handles the blockchain synchronization. To make this process simpler, we are launching our first iteration of background sync, initially for Monero!

Background sync will attempt to sync all your wallets in the background at a specified interval. Our documentation includes more information. Some important details:

• This is currently only for Android. iOS has major restrictions for functionality like this.
• This is currently only for Monero. Don't worry, we plan to add Litecoin MWEB, Decred, Zano, and even Bitcoin Silent Payments in the future.
• You can select from three sync options:
  • Daily: Attempts to background sync every 18 hours
  • Hourly: Attempts to background sync every 60 minutes
  • Aggressive: Attempts to background sync every 15 minutes
• Our current implementation has issues with GrapheneOS. But our docs includes a workaround. We are exploring other solutions in the future to resolve this issue.

Various Features & Fixes

• UI enhancements to make your experience smoother:
  • Ability to allow coin control and fee selection in swaps.
  • Send confirmations are now handled with our new bottom sheet, which includes better address formatting.
  • Many more subtle updates!
• We've massively overhauled our Solana implementation, largely because of our new Solana library. (We're also excited to be listed on the official Solana Wallets webpage. Just sort by Open Source & Noncustodial and you'll find us).
• Brand new XOSwap integration, an exchange aggregator run by Exodus.
• We've officially removed Haven cryptocurrency support.
• We've fixed some bugs:
  • Fixed an issue with progress reporting when restoring with a QR code.
  • Fixed issues with Trocador swaps making unnecessary API calls.
  • Fixed an issue where transactions would not properly be cleared when switching wallets.

How to Update

To experience these new features and improvements, update Cake Wallet to version 4.24.0 through your device's app store or via other methods we detail in another post:

Your Android, Your Rules: Secure App Installation Explained (and which stores we recommend!)

Explore Android’s open ecosystem with Cake Wallet. Discover F-Droid, Accrescent, Obtainium and other secure alternatives to the Play Store.

The Cake Wallet BlogHenry Fisher

We appreciate your continued support and feedback. Stay tuned for more updates as we continue to enhance Cake Wallet and bring you the best cryptocurrency experience possible.

Conclusion

With this latest release, Cake Wallet continues to be a leading privacy-focused, open source cryptocurrency wallet for your safety. We were the first major cross-platform Monero wallet, and the first to implement new privacy tech like Silent Payments for Bitcoin, MWEB for Litecoin, and now Decred. Enjoy the new update and please leave your feedback on our forum! Share this blog on socials and tag us for some love back.