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Can you elaborate on the concepts of lock-free and wait-free algorithms in concurrent programming, and how they enable high-performance and scalable solutions by minimizing contention

Can you elaborate on the concepts of lock-free and wait-free algorithms in concurrent programming, and how they enable high-performance and scalable solutions by minimizing contention and eliminating blocking synchronization primitives?        

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Lockfree and waitfree algorithms are concepts in concurrent programming that aim to provide efficient and scalable solutions for handling shared resources in multithreaded or distributed systems These ... blur-text-image

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