What is the advantage of using custom settings in salesforce?

Hi Saurabh,

Custom settings are similar to custom objects and enable application developers to create custom sets of data, as well as create and associate custom data for an organization, profile, or specific user. All custom settings data is exposed in the application cache, which enables efficient access without the cost of repeated queries to the database. This data can then be used by formula fields, validation rules, flows, Apex, and the SOAP API.
There are two types of custom setting:
List Custom Settings
Hieriarchal Custom Settings.
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