$109.43 -9.85%
DCR · 214w

Demand for Decred is rising!

Demand for Decred is rising!

Over the last few months we have seen a steady rise in demand for Decred right across the board. We’ve had a big increase in the number of people joining our community on all social networks, hash rate is booming, and relative to inflation the circulating supply of Decred is dropping!

The Decred community is expanding rapidly. As shown above, in just 3 months Slack members are up 59%, Decred Redditors are up 125%, subscribers to our Decred Assembly YouTube channel are up 385%, and our Twitter numbers are up 98% — with an additional 6,192 followers. Furthermore, one of our biggest local communities around the world, the Decred Brazil Facebook group, has now almost reached a staggering 4,000 members! In addition, an extra 5,700 official wallets have been downloaded from!

However, our community isn’t the only thing that’s growing — our hashrate is going through the roof! In the last month the network hashrate has reached a peak of 380 Thash/s. It appears that Decred is in demand! All good news, not only is this a sign that Proof-of-Work (PoW) miners believe enough in the future of the project to invest their resources in our network, it also means there has been a huge increase in network security too! But it gets better…

Although approximately 400,000 additional decred have been mined over the last 3 months, the amount of circulating decred is being constricted via an increase in people opting to stake their DCR. Over the last few months the number of decred locked up in Proof-of-Stake (PoS) has increased from approximately 39% of the total supply, to around 42% of the total supply! So despite the addition of approximately 400,000 newly mined decred, around 340,000 additional decred have been locked up in PoS. As shown below, inflation is continuing to drop (block reward). So whilst there’s been a huge increase in community numbers, the amount of decred in circulation has only increased by approxi...

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