In general, embodiments of the technology relate to a method for processing read-only transactions. The method includes receiving a read-only transaction, wherein the read-only transaction specifies a page, obtaining a page descriptor, from a page cache, for the page, where the page descriptor comprises a plurality of entries, identifying an entry of the plurality of entries in the page descriptor for the read-only transaction, and processing the read-only transaction using a snapshot of the page associated with the entry.