IOTA PoWbox Relaunched

PoWbox, which is a great help for developers, has some major improvements, but works similarly to the old Sandbox
01 March 2018   1526

On February 28, 2018, IOTA has announced that the new and improved IOTA PoWbox, which was previously IOTA Sandbox, was released and is ready for use. PoWbox is useful first of all for developers, as it allows Proof of Work to be done not on the developer’s local machine but on a separate remote server farm which does the computation in a fraction of the time.

IOTA powboxIOTA PoWbox

As it was stated in the official announcement of IOTA, PoWbox has some major improvements, but works similarly to the old Sandbox:

  • The PoWbox leverages Kubernetes autoscaling across IOTA dedicated GPU farm and a separate cloud provider, and takes less than a second in most cases — about one-tenth of a second at MWM=9
  • Users can get an API token for the IOTA PoWbox via GitHub OAuth integration, but they must have a verified GitHub account to use the PoWbox, and rate limiter will be observed and adjusted as necessary to keep the PoWbox available for everyone
  • The PoWbox code has been ported to Node.js to make it more accessible to more developers, and will soon be made available on GitHub, and the repo comes complete with instructions for running via Docker or Kubernetes with a few simple commands

The source code for the PoWbox server is available, and IOTA provides a PoWbox for the IOTA testnet.

Jaguar Land Rover to Partner With IOTA

As their ultimate goal, developers call the reduction of accidents and traffic congestion; these news had great impact on token's price
29 April 2019   458

The largest British automaker Jaguar Land Rover has started testing smart contracts based on the IOTA blockchain. According to Reuters, the program being developed is a smart wallet embedded in cars.

The new service will allow participants to receive IOTA tokens for providing information about road congestion and road pavement status, as well as for participating in the ridesharing program. Subsequently, drivers will be able to spend them on paying for parking or charging electric cars.

As their ultimate goal, developers call the reduction of accidents and traffic congestion.

It is known that this technology will be used in Jaguar F-PACE and Range Rover Velar. The launch date of the software for the mass consumer is unknown.

IOTA 24h Price Chart
IOTA 24h Price Chart

These news had great impact on the IOTA price. It rose for almost 14% in 24 hours and is being traded around $0.3.