A system and method for time synchronization. The method includes incrementing at least one instance of a snap value, wherein the at least one instance is stored in at least one storage node of a distributed storage system, wherein each of the at least one instance is incremented using a single-phase commit operation, wherein each of the plurality of storage nodes includes at least one timestamp, wherein each timestamp indicates a corresponding snap time, wherein each snap time is determined by reading one of the at least one instance at a time of creation of the corresponding timestamp.