Managing Timeouts, Cancellations, and Values! Welcome to the world of Golang! The context package is a part of the standard library that provides a way to carry deadlines, cancellations, and other request-scoped values across API boundaries and between processes. It is a fundamental tool for managing the lifecycle and cancellation of operations, especially in concurrent or distributed systems.Basic Functions of the context PackageThe primary types and functions in the context package include:context.ContextThis is the core type in the package. It…