A transaction is a logical unit of work in which, all the steps must be performed or none. ACID stands for Atomicity, Consistency, Isolation, Durability. These are the properties of a transaction. For more information and explanation of these properties, see SQL Server books online or any RDBMS fundamentals text book. Explain different isolation levels An isolation level determines the degree of isolation of data between concurrent transactions. The default SQL Server isolation level is Read Committed. Here are the other isolation levels (in the ascending order of isolation): Read Uncommitted, Read Committed, Repeatable Read, Serializable. See SQL Server books online for an explanation of the isolation levels. Be sure to read about SET TRANSACTION ISOLATION LEVEL, which lets you customize the isolation level at the connection level. Read Committed – A transaction operating at the Read Committed level cannot see changes made by other transactions until those transactions are committed. At this level of isolation, dirty reads are not possible but nonrepeatable reads and phantoms are possible. Read Uncommitted – A transaction operating at the Read Uncommitted level can see uncommitted changes made by other transactions. At this level of isolation, dirty reads, nonrepeatable reads, and phantoms are all possible. Repeatable Read – A transaction operating at the Repeatable Read level is guaranteed not to see any changes made by other transactions in values it has already read. At this level of isolation, dirty reads and nonrepeatable reads are not possible but phantoms are possible. Serializable – A transaction operating at the Serializable level guarantees that all concurrent transactions interact only in ways that produce the same effect as if each transaction were entirely executed one after the other. At this isolation level, dirty reads, nonrepeatable reads, and phantoms are not possible.
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