Transactions, like any other database, are a key component of PostgreSQL. A transaction is a sequence of one or more database operations that are executed as a single unit of work. These operations can be queries (e.g. SELECT, INSERT, UPDATE and DELETE) that modify the database’s state.
A transaction’s main purpose is to combine multiple statements into an atomic, all-or-nothing process. It ensures that either all operations within a transaction are fully completed, or none of them are executed at all. Concurrent transactions cannot see each other’s unfinished changes. Updates from ongoing transactions remain hidden until completion, at which point all changes become visible simultaneously.
This is very similar to SQL Server, except their savepoints actually work they way they’re supposed to.