About IMS

Independent Money System or IMS for short is a digital currency that enables instant payments to anyone, anywhere in the world without restrictions.
IMS uses peer-to-peer blockchain technology to operate with no central authority: managing transactions, issuing assets are carried out collectively by the network. Each transaction is secured by the network using nodes from around the world. The network of nodes are not governed by any country or persons. IMS was created Feb 2016 and has successfully secured thousands of transactions. IMS is totally independent with it own blockchain and free from political bureaucracy. IMS is mine able via the secure wallet, holding IMS yields 8% per year on all coins that you hold.

How it works


Balances - block chain


The block chain is a public ledger on which the entire network relies. All confirmed transactions are included in the block chain.
This way, IMS wallets can calculate their spendable balance and new transactions can be verified to be spending IMS that are actually owned by the spender.
The integrity and the chronological order of the block chain are enforced with cryptography.

Transactions - private keys


A transaction is a transfer of value between IMS wallets that gets included in the block chain.
IMS wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

Processing - mining


Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain.
It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network.
These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain.
This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

IMS Core is open source software.


IMSCoin Has a total coin supply of 21212121 IMS coins. The First proof of work block contained 212121 IMS coins 1% of the total coin supply, this is also known as a premine.
The decision to premine was made to help aid future developement plans.


Premined Coins


We aim to be as transparent as possible. You may track the premined coins using the premine address below
2Xh5W8C8o3LgLJqTwm3HpeoLB7SdiL6RCM
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