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Correct approach ? Stored Proc (returning cursor) Vs Prepared statment

 
Ranch Hand
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I have lot of select queries to integrate with my java code.

I have two options to select within :

1. Store procedure which returns cursor
2. Prepared statements

Which one should I use ? Which one is the fastest and a correct approach?

Can java experts please put some pros and cons of both approaches?
 
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1 is proprietary , 2 is portable across databases.
 
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