update mobile wallet docs

Expanded the section on mobile wallets to include wallet options and architecture considerations.

Author: exitus1

docs/wallets/mobile-wallets.md

@@ -2,17 +2,22 @@
 
 ---
 
-Mobile Decred wallets are available for both
-[Android](https://play.google.com/store/apps/details?id=com.decred.dcrandroid.mainnet)
-and [iOS](https://apps.apple.com/us/app/decred-wallet/id1462247643).
+### Mobile Wallets
+Decred is supported on multiple mobile wallet platforms for both Android and iOS:
 
-Unlike desktop wallets, the mobile wallets do not download and validate the
-entire Decred blockchain.
-Instead, they run using [SPV mode](spv.md), which drastically decreases the use
-of the mobile devices system resources and data plan.
+[Cake Wallet](https://cakewallet.com/): Privacy-focused, open-source multi-chain wallet
 
-It is not currently possible to participate in Proof-of-Stake using mobile
-wallets.
+[Exodus](https://www.exodus.com/): Multi-chain wallet with intuitive design
 
-Both of the mobile wallets are maintained by
-[planetdecred.org](https://planetdecred.org) developers.
+[Trust Wallet](https://trustwallet.com/): Popular multi-chain wallet
+
+### Architecture and Privacy Considerations
+Mobile wallets do not download and validate the entire Decred blockchain like desktop wallets. Instead, they use lightweight methods to minimize system resource usage and data consumption:
+
+Cake Wallet uses SPV (Simplified Payment Verification) mode for Decred, which connects directly to the blockchain network and validates block headers. This provides better privacy and decentralization compared to server-based architectures, making Cake Wallet the preferred option for mobile users. Cake Wallet is also maintained by Decred developers via Politeia proposal.
+
+Exodus and Trust Wallet use RPC (Remote Procedure Call) connections to remote servers/nodes to retrieve blockchain data. While convenient, this approach relies on third-party infrastructure and may have different privacy characteristics.
+
+### Proof-of-Stake and Privacy Participation
+
+Mobile wallets do not support Proof-of-Stake participation (ticket buying and voting) or privacy mixing. If you want to mix, participate in Decred's PoS consensus system and earn staking rewards, please use a desktop wallet instead.