I hear a number of terms thrown around here and I just looked for a glossary or dictionary but didn't find either on this forum. So I went out and googled and couldn't find a concise definition for "snapshot" related to blockchain technology either.
I get the general concept of snapshot as a "moment in time", like a picture of motion is, but I don't understand the concept in terms of the blockchains discussed here. It's almost always used in a context of looking forward to some release of a DAC for example.
I understand AGS & PTS are PoW blockchains and DACs are not, being based on PoS. I just don't get why a frozen ledger (blockchain) relates to a future DAC.
So you have PTS (I'll overlook AGS for the moment but I believe it's the same in this context) being traded, the owners of which get a stake in the new DAC. So is the "snapshot" just to capture who (i.e. account public keys) has PTS shares so those accounts can be credited with their portion of upcoming DAC shares?
There was one other definition I needed: airdrop What does it mean?