Experimental Cryptocurrency and Payment system

73
Transactions per second (TPS)

capability

6 307 200
Transactions per day

capability

2 302 128 000 Transactions per year

capability

What is Instant Microtransactions Payment System (IMPS)?

Alternative currency with high transaction throughput and fast confirmation

Timestamping scheme:
Proof-of-work
Hash function: Scrypt
Block reward: 50
Block halving: 840,000
Block size: 1 MB
Block time: 1 minutes
Coinbase maturity 12 blocks
Coin name/abbreviation :IMPS
Address letter X
RPC port 37424
P2P port 37423
Supply limit: 176,842,105
Premine 8,842,105 coins (5%)
Nr of confirmations: 3 blocks

10 x faster mining then Bitcoin.
3 minutes~ confirmations.

DOWNLOAD WALLET

Fast Transactions & Confirmation

IMPS Blockchain has a maximum capacity of 73 transactions per second (tps) with other major players like Bitcoin having 7 tps and Ethereum 15 tps.

IMPS block time is 1 minutes. and 3 block confirmations
This means IMPS blockchain not only is able to handle more transactions but it also takes faster to confirm.

IMPS network offers faster transaction confirmation than Bitcoin, Litecoin & Ethereum, making it ideal for small-size purchases.

 learn more

Distributed Ledger (DLT)

Using cryptography to keep exchanges secure, blockchain provides a decentralized database, or “digital ledger”, of transactions that everyone on the network can see. This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded.

IMPS has no central servers that can be raided or shut down – the network is made up of its users. Say goodbye to server outages. Our ledger is distributed to all nodes in the networks.

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Integrating IMPS

Full compatibility with the Bitcoin API, which makes it very easy to integrate IMPS into existing applications that already offer Bitcoin support.

If you are a developer using Bitcoin, it is extremely easy to enable support for IMPS transactions.

If you are a merchant, you can easily integrate IMPS Payment Gateways into your web site (WooCommerce for WordPress and VirtueCart for Joomla).

 learn more

Ideal for small-size purchases.

Because our high transaction throughput (73 tps) and fast confirmations our currency are ideal for small-size purchases and great for broader adoption.

Many of the existing cryptocurrencies have low TPS and long confirmation time which is not good for fast microtransactions.

 learn more

Start using IMPS. You will get started within minutes

Retailers and Services That Accept IMPS

IMPS is a faster and cheaper monetary exchange for merchants providing any service or goods. Whether online, or in a physical location using IMPS has significant benefits compared to credit card services and other methods of payment.


Here you can see some featured retailers and services that accept/uses IMPS.

About IMPS

Instant Microtransaction Payment System (IMPS) was founded by several crypto enthusiasts that wanted to make an cryptocurrency for small-size purchases (daily use) and we created (imps.tech) to develop the cryptocurrency IMPS.

We are a few like-mineded developers that want to have an hobby project to work on and scale it up as an real competitor to existing cryptocurrencies. Our identities is not important, our project is open source and anyone can contribute.

Who controls the IMPS network?
Nobody owns the IMPS network much like no one owns the technology behind email. IMPS is controlled by all IMPS users around the world. While developers are improving the software, they can’t force a change in the IMPS protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. IMPS can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

RK

Co-founder IMPS 

Swedish Full-Stack dev. Worked on several Blockchain projects and have experience in coding Payment Gateways for WP & Joomla. Also operated nodes, mining pools, exchanges.


RA

Co-founder  IMPS 

Norwegian Mobile & Web dev.
Java, Python, PHP, JS, AngularJS, Ionic Framwork, C/C++, HTML, Bootstrap.
Coding mobile wallets for cryptocurrencies and helped over 8 projects with their mobile wallets & websites.


MP

Infrastructure

Hosting our initial nodes/daemons to stabilize the Blockchain.  Also working on miningpool and setting up an Exchange for IMPS.


ES

DEV

Assisting RK in initial development of the project.