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Add Snapshot card with detailed overview and technical information
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boundless-forest committed Feb 24, 2025
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#show-card

## Introduction

[Snapshot](https://snapshot.box/) is a decentralized voting system that allows projects to create and manage proposals off-chain, while still leveraging the security and transparency of blockchain technology. It is widely used in the decentralized finance ([[DeFI]]) and decentralized autonomous organization ([[DAO]]) ecosystems.

## Service Provided

Snapshot provides a lightweight, off-chain voting mechanism that enables projects to make decisions without incurring high transaction fees. It solves the problem of expensive on-chain governance by allowing votes to be cast off-chain and then verified on-chain. This brings value by making governance more accessible and cost-effective for projects of all sizes.

## Technical Details

Snapshot uses IPFS to store proposals and votes, ensuring data integrity and decentralization. It integrates with various blockchain networks to verify voter eligibility and tally votes. The system supports multiple voting strategies, including single-choice voting, weighted voting, and quadratic voting, providing flexibility for different governance models.
## Social Media

- [X](https://x.com/SnapshotLabs)
- [Site](https://snapshot.org/)
- [Docs](https://docs.snapshot.org/)

## Team

Snapshot was developed by [Snapshot Labs](https://snapshot.mirror.xyz/), a team of experienced developers and blockchain enthusiasts dedicated to improving decentralized governance.
## Latest Updates

- 2024 Q4: Global expansion and ecosystem growth
- 2024 Q3: Launch of advanced protocol modules
- 2024 Q2: Integration with major ecosystem partners
- 2024 Q1: Mainnet launch with full feature set
- 2023 Q4: Testnet launch with core functionality
- 2023 Q3: Protocol concept and whitepaper released

## References

- [Snapshot Documentation](https://docs.snapshot.org/)
- [Snapshot GitHub](https://github.com/snapshot-labs/snapshot)
- [Snapshot Blog](https://medium.com/snapshot-labs)

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