What is volatile modifier or volatile field in Java? Example

The volatile modifier has always been an interesting and tricky topic for many Java programmers. I still feel that it's one of the most underutilized modifiers in Java, which can do a lot of good if understood and applied correctly, after all, it provides a lock-free way to achieve synchronization in Java. If a field is shared between multiple threads and one of them changes its value i.e. one thread reads from the field which is written by other threads, then, by using a volatile modifier, you can synchronize access to this field. The volatile modifier in Java provides visibility and ordering guarantees without any locking.

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