PowerLoom Protocol aggregates on-chain and off-chain data to generate snapshots with cryptographic proofs in a decentralized manner. It aims to build trust and offer meaningful insights on demand through a rich ecosystem of peers and stakeholders that are incentivized to participate in the protocol.Snapshot Storage, Proof and FinalizationThere are 4 functional blocks of this module/subsystem This module/subsystem takes the snapshot payload submitted by a snapshotter and performs the following:<ol><li>Verify if the snapshots are arriving in order for a project(based on the source blockChain block-height) and store it in decentralized storage systems like IPFS and optionally web3.storage.</li><li>[Optional] anchor the proof of snapshot on to the anchor chain</li><li>Listen to events from smart-contract on the anchor chain and order the confirmation callbacks against anchor transactions</li><li>Finalize the snapshot by recording the txHash (on anchor chain), snapshotCID and some other details (refer DAG Block) by adding it to the DAG Chain.</li></ol>

PowerLoom

PowerLoom Protocol aggregates on-chain and off-chain data to generate snapshots with cryptographic proofs in a decentralized manner.

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