The big advantage is that you do not need any extra space if your workload mostly consists of INSERTs (followed by table drops). And it's generally unnecessary to split up insertion transactions because there is no size limit as such (neither on the generated data or the total count of rows changed). There is a limit on statements in a transaction, but you can sidestep that by using COPY FROM if you do not have to switch tables too frequently. From a DBA point of view, there is no need to manage a rollback/undo space separately from table storage.
Every application is a bit different, but it's not that the PostgreSQL design is a loser in all regards. It's not like bubble sort.
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