Cryptocurrency Q&A
How do snapshots work in crypto?
How do snapshots work in crypto?
CherryBlossomBloom
Tue Dec 24 2024
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5 answers
1451
I'm curious about how snapshots function in the context of cryptocurrencies. Specifically, I'd like to understand the mechanism behind snapshots and their role in the crypto world.
5 answers
Raffaele
Thu Dec 26 2024
A snapshot, in its basic definition, represents the capturing of the state of an entity at a precise moment.
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Andrea
Thu Dec 26 2024
Within the realm of blockchain technology, this concept is translated into the documentation of the state of a chain. Specifically, it records the state of the chain at a certain height and time.
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Giovanni
Thu Dec 26 2024
This process is vital for blockchain systems as it provides a clear and accurate picture of the chain's status at any given point.
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Leonardo
Thu Dec 26 2024
The snapshot serves as a reference point for tracking the quantity of tokens and the balance held by individual token holders.
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Sara
Wed Dec 25 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of token holders and traders. These services include spot trading, futures trading, and a wallet solution.
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