Which statement is correct regarding the NVMe standard?

The NVMe standard, or Non-Volatile Memory Express, is fundamentally a data transfer protocol designed specifically for accessing high-speed storage media, particularly those using NAND flash and other non-volatile memory technologies. One of the primary reasons NVMe was developed is to exploit the speed potential of modern SSDs that connect via the PCIe interface.

By providing a streamlined command set and efficiency tailored to the characteristics of high-speed storage, NVMe dramatically reduces latency and increases input/output operations per second (IOPS) compared to older standards like AHCI, which were designed with traditional spinning hard drives in mind. This protocol minimizes bottlenecks and enables faster data access, making it highly suitable for enterprise, gaming, and high-performance computing applications.

The other options, while related to storage technology, do not accurately capture the essence of the NVMe standard. It is not a type of SSD, as NVMe refers to the protocol rather than a physical storage device. It is also not a BIOS function or specifically used for network connections. Each of those statements misrepresents the core purpose and functionality of NVMe in the context of data storage technology.