ACR does not have the database that is the LR catalogue, so edits are stored in sidecar (xmp) files. Whereas LR stores edit instructions with the catalogue and of course also gives the options of saving the edit instructions in a separate sidecar file
The .xmp's contain the edit instruction from your moves within the ACR dialogue, for instance reading the xmp file in a word processer will reveal something like:
crs:WhiteBalance="Custom"
crs:AutoWhiteVersion="134348800"
crs:Temperature="4200"
crs:Tint="-6"
crs:Saturation="0"
crs:Sharpness="25"
crs:LuminanceSmoothing="0"
crs:ColorNoiseReduction="25"
crs:VignetteAmount="0"
So the .xmp file is your history, including any snapshots you take, but it only contains the last edit revision not a linear history of what has gone on before
If you are thinking of moving to PSCC then I would have thought that you would automatically be entitled to LRCC as part of the package so you may want to continue with LR rather than Bridge and ACR - just a thought