The Virtual Private Server (VPS) is a runtime environment with specified resource pool (memory, disk).
In contrary to the shared environments such as typical Web Hosting those resources are dedicated to your server only which means they are guaranteed for the given VPS.
VPS also allows installation of any supported OS and software such as web or mail servers or anything compatible with the chosen OS,.
The VPS gives you the flexibility of the dedicated server for fraction of it's price.
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