As I know, there is a significant performance difference between raw queries and stored procedures in MSSQL (for example, query plans are cached the same way for both). But what about MySQL?
Firstly, the value in SP is not in performance; there hasn't been a while. The value of stored procedures is more related to the security and longevity of data. Take a look at an article here a couple of years ago - Is this a legitimate advantage of using embedded SQL over stored procedures?
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