Independent Money System is a cryptocurrency enabling instant payments, anywhere in the world without restrictions, by using a peer to peer blockchain technology to operate with no centralized authority. Nodes from all around the world are used to secure the transactions. The Independent Money System was created back in February 2016. It is a hybrid Proof of Work/Proof of Stake. It uses the Scrypt algorithm derived from Litecoin and other popular coins.Mining is possible, and the IMS digital wallet yields 8% per year on all staked coins.