If you are doing lots of transactions which look like the following:
BEGIN; SELECT * FROM ACCOUNTS WHERE HOLDER_NAME ='BOB' FOR UPDATE; <do some calculations here> UPDATE ACCOUNTS SET BALANCE = 42.00 WHERE HOLDER_NAME ='BOB'; COMMIT;
Then you may gain some performance by moving from explicit locking
(SELECT …FOR UPDATE) to optimistic locking.
Optimistic locking assumes that others don't update the same record, and checks this at update time, instead of locking the record for the time it takes to process the information on the client side.
Rewrite your application so that the preceding transaction is transformed into something like the following:
BEGIN; SELECT A.*, (A.*::text) AS OLDACCINFO FROM ACCOUNTS A WHERE ...