[java] Volatile Vs Atomic

So what will happen if two threads attack a volatile primitive variable at same time?

Usually each one can increment the value. However sometime, both will update the value at the same time and instead of incrementing by 2 total, both thread increment by 1 and only 1 is added.

Does this mean that whosoever takes lock on it, that will be setting its value first.

There is no lock. That is what synchronized is for.

And in if meantime, some other thread comes up and read old value while first thread was changing its value, then doesn't new thread will read its old value?

Yes,

What is the difference between Atomic and volatile keyword?

AtomicXxxx wraps a volatile so they are basically same, the difference is that it provides higher level operations such as CompareAndSwap which is used to implement increment.

AtomicXxxx also supports lazySet. This is like a volatile set, but doesn't stall the pipeline waiting for the write to complete. It can mean that if you read a value you just write you might see the old value, but you shouldn't be doing that anyway. The difference is that setting a volatile takes about 5 ns, bit lazySet takes about 0.5 ns.