Why Cryptocurrency and Computational Storage?

Presented by

Jonmichael Hands, VP Storage Business Development, Chia Network; Eli Tiomkin, VP Business Development, NGD Systems

About this talk

Blockchains, cryptocurrency, and the internet of markets are working to transform finance, wealth, safety, digital security, and trust. Storage-based cryptocurrencies had a breakout year in 2021. Proof of Space and Time is a new blockchain consensus that uses storage capacity to secure the blockchain. Decentralized file storage will enable alternatives to hyperscale data centers for hosting files and objects. Understanding the TCO of a storage system and optimizing the utilization of the storage hardware is critical in scaling these systems. Proof of space generation requires temporary compute and ephemeral storage resources. Having compute resources onboard an SSD can allow for local data processing to decrease overall system Total Cost of Ownership (TCO). Join SNIA members Jonmichael Hands of Chia Network, and Eli Tiomkin of NGD Systems as they discuss how a new approach of auto-plotting SSDs combined with computational storage can lower the total TCO. They will discuss how autoplotting works, provide server use cases that illustrate significant performance/TB gains, and discuss the results based on the SNIA Total Cost of Ownership Mode for Storage. This is a perfect opportunity to learn about the SNIA TCO model with an interactive case study.

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