Multi-Version Concurrency Control
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Multi-Version Concurrency Control is the term used by the PostgreSQL database for the SQL-92 "read uncommitted" transaction isolation level, one of the four defined isolation levels "read committed", "repeatable read" and "serializable". The "read uncommitted" transaction isolation level causes a transaction to read the table without waiting for lock, supplying possibly out of date information but not being delayed by the need to wait for the lock to end.