Internet Money (IM)
Key data
updated $0Internet Money (IM) is a cryptocurrency designed for fast and low-cost online transactions. It operates on a decentralized blockchain, allowing users to send and receive IM tokens globally without intermediaries. Think of it as digital cash optimized for the internet age.
Frequently asked questions
What is Internet Money (IM) and how is it different from other cryptocurrencies?
IM focuses on speed and affordability for everyday online transactions, unlike store-of-value coins like Bitcoin. It's built for utility, offering faster confirmations and lower fees compared to many legacy blockchains.
How does Internet Money's technology work?
IM uses a Proof-of-Stake (PoS) consensus mechanism, where validators secure the network by staking tokens instead of mining. This makes it more energy-efficient than Proof-of-Work systems while maintaining decentralization.
How are new IM tokens created?
New tokens enter circulation through staking rewards. Validators earn IM for participating in network security, with inflation rates typically governed by community voting to balance supply growth.
How can I store and use IM tokens?
IM can be stored in any wallet supporting its blockchain (like MetaMask or Ledger). You can spend it at merchants accepting IM, trade on exchanges, or stake it to earn passive income.