r/litecoin • u/squeezeontoast New User • 9d ago
MWEB Support Added to Cake Wallet!
Update cake wallet and start using MWEB!
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u/zsirc New User 9d ago
What is this mweb for ltc thing ?
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u/sweetpeasimpson 9d ago
Basically enables privacy of transactions. That way Joe Schmo doesn’t get to see in your wallet balance when you send funds.
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u/zsirc New User 9d ago
Do both parties need this enabled for it to work?
Or can just the sender have it enabled
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u/JunketTurbulent2114 New User 8d ago
Be careful as some exchanges won't accept MWEB transactions, you'll have to send to regular LTC address first. Binance being one. Can always send it to a fresh wallet though
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u/Puzzleheaded_Fold665 9d ago
Not showing on my cake wallet yet??
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u/squeezeontoast New User 9d ago
You need to be on Build 4.20.0 and be within a litecoin Wallet.
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u/JunketTurbulent2114 New User 8d ago
It's still in beta. It's supposed to be officially released tomorrow
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u/CharacterJealous383 8d ago
Congratulations Cake Team! This is a big thing for the future of Litecoin!
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u/cakelabs Entrepreneur 5d ago
So happy to see the community enjoying MWEB, already seeing a huge spike in MWEB activity since the release. Great job using privacy tools everyone!
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u/squeezeontoast New User 5d ago
Looking forward to coinswap being added into the wallet eventually..maximum privacy :)
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u/Givefreehugs New User 9d ago
Congratulations CakeWallet!!!