This article will help you understand what the currency circle snapshot means?
Oct 16, 2024 pm 05:29 PMCryptocurrency snapshot is a detailed record of wallet balances and transactions on the blockchain network at a specific point in time. It is widely used for airdrops, fork rewards, on-chain voting, governance and tracking token distribution. Snapshots can be obtained through a blockchain explorer or third-party service. Snapshots offer advantages such as transparency, airdrop rewards, and market insights, but also have disadvantages such as privacy issues, data accuracy, and fees.
Coin Snapshot: Comprehensive Analysis
1. What is a Coin Snapshot?
Cryptocurrency snapshot refers to a detailed record of all wallet address balances and transactions on the blockchain network at a specific point in time.
2. The role of snapshots
Snapshots are widely used for the following purposes in the currency circle:
- Airdrops and forks: The project may reward users with airdrops or forks who hold specific tokens at the snapshot time.
- On-Chain Voting: Snapshots can be used to determine the voting power of addresses holding tokens at a specific block height.
- Governance: Snapshots can be used to understand the makeup of the community and determine token holder support for governance proposals.
- Track Token Distribution: Snapshots provide insights into the distribution of specific token holders, including the proportion of large versus retail holders.
3. Obtaining snapshots
There are two ways to obtain snapshots of the currency circle:
- By zone Blockchain Explorer: Many blockchain explorers provide snapshot services, such as Etherscan and BscScan.
- Through third-party services: There are also third-party platforms that specialize in providing snapshot services, such as Covalent and Flipside Crypto.
4. Advantages of snapshots
- Transparency: Snapshots can provide a complete record of wallet balances and transactions, improving transparency. .
- Airdrops and Rewards: Snapshots can be used to determine users who are eligible for airdrops and fork rewards.
- Governance Decisions: Snapshots help identify voting token holders to make informed governance decisions.
- Market Insights: Snapshots provide valuable data on token distribution and holder trends.
5. Disadvantages of snapshots
- Privacy issues: Snapshots record wallet addresses and may expose the user’s identity .
- Data accuracy: The snapshot only reflects the status at the moment of the snapshot and may be slightly biased.
- Cost: Third-party snapshot services may charge fees, especially for large-scale snapshots.
The above is the detailed content of This article will help you understand what the currency circle snapshot means?. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics









1. Ensure the network stability and sufficient storage space of the device, and download it only through the official website; 2. Enter the official website in the mobile browser, find the download page and select the Android version, and download the v2.105.8 installation file with .apk as the suffix; 3. After the download is completed, enable the "Allow applications from this source" permission and click on the file to complete the installation; 4. Do not download through unofficial links, update the application version regularly, and pay attention to checking the environment security when logging in; 5. It is recommended to collect the official website download page for subsequent updates, and set up in-app security functions to ensure the security of digital assets.

To view the real-time price of PENGU coins, the following platforms are recommended: 1. Binance provides basic PENGU information and market data, and can be used as an entrance to purchase underlying assets; 2. OkX supports PENGU market query and integrates Web3 accounts to facilitate transactions; 3. Huobi (HTX) may provide PENGU trading pairs in the future; 4. Gate.io has a fast speed of new coins, and may launch PENGU trading earlier; 5. CoinMarketCap aggregates global exchange data to provide comprehensive PENGU market and trading information; 6. CoinGecko quickly collects new coins and provides PENGU multi-dimensional data support; 7. DEX Scre

Blockchain browser is a must-have on-chain query tool for Web3 users. 1. It serves as a "search engine" in the decentralized world, allowing users to openly and transparently verify all records on the blockchain; 2. The core functions include querying transaction details, viewing account information, exploring block data and tracking smart contracts; 3. When tracking transactions, you need to obtain the transaction hash, select the browser corresponding to the public chain, and enter the hash to view the status, address, amount and fee details; 4. Confirm whether the transaction is successful through the browser is a key step to ensure the security of digital assets. Proficient use can help users better understand and participate in the blockchain ecosystem, thereby operating more safely and stably in the decentralized world.

Blockchain confirmation time refers to the time it takes for a transaction to be broadcasted to be packaged by a block and written to the chain. The confirmation speeds of different chains vary. 1. Bitcoin produces blocks on average in 10 minutes, and it is recommended to confirm 6 times to ensure security; 2. Ethereum produces blocks in about 12 seconds, and 1-3 times can be confirmed, and most transactions are completed within 1 minute; 3. The BSC chain block time is about 3 seconds, suitable for high-frequency trading; 4. The TRON tide block time is 1-3 seconds, suitable for real-time transfer; 5. The Polygon block time is about 2 seconds, with low fees, and is widely used in DeFi and NFT. Trading hash (TxID) is required for query and confirmation status. Recommended platforms include: 1. Ouyi OKX, which supports multi-chain transaction query; 2. Binance, suitable for BSC chain; 3. Huobi HT

As a pioneer in the digital world, Bitcoin’s unique code name and underlying technology have always been the focus of people’s attention. Its standard code is BTC, also known as XBT on certain platforms that meet international standards. From a technical point of view, Bitcoin is not a single code style, but a huge and sophisticated open source software project. Its core code is mainly written in C and incorporates cryptography, distributed systems and economics principles, so that anyone can view, review and contribute its code.

Choosing a safe and reliable trading platform and downloading the app from official channels is the key to ensuring the security of digital assets. 1. Binance: The world's largest trading volume, the official website binance.com provides download; 2. Ouyi: a one-stop platform integrating multiple functions, the official website okx.com provides download tutorials; 3. Huobi (HTX): a veteran exchange, the official website htx.com provides download links; 4. Gate.io: famous for its rich currency, the official website gate.io provides QR code or link download; 5. KuCoin: "People's Exchange", the official website kucoin.com provides download portal; 6. Bybit: efficient derivatives trading platform, official website byb

The era of compliant crypto trading in Hong Kong has begun, and six potential currencies have attracted attention: 1. Bitcoin (BTC) is a must-have asset as digital gold; 2. Ethereum (ETH) has become the second largest compliance option with its strong ecosystem; 3. Ripple (XRP) has compliance potential due to its cross-border payment application and liquidity advantages; 4. ADA (ADA) meets regulatory preferences with its academic foundation and stability; 5. Litecoin (LTC) is regarded as a security option due to its long history and stable community; 6. Binance Coin (BNB) is likely to be selected based on its high market value and wide ecosystem. Investors can first trade these assets through mainstream platforms such as Binance, Ouyi, Huobi, and Gate.io to prepare for the future opening of the Hong Kong retail market.

Digital currency is a decentralized electronic currency based on blockchain technology. Its value is determined by market supply and demand. It is globally universal, transparent in transactions and has certain anonymity. 1. Binance is the largest platform in the world with transaction volume, providing rich currencies and a strong ecosystem. 2. OkX has a comprehensive product line, supporting derivatives trading and Web3 accounts, suitable for advanced users; 3. Huobi (Huobi/HTX) has a long history, is safe and stable, and is deeply trusted by old users; 4. Gat