VPS is an isolated environment with your own resources whereas in a shared hosting environment the server resources are shared among all accounts on the server. In a shared environment you are restricted to use the features enabled by your provider whereas in a virtual isolated private environment you are free to disable/enable features suitable for your website.
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Virtuozzo is the VPS technology created by Parallels (formerly: SWsoft) which allow us to create...
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VPS gives you the functions and features and of a managed dedicated server but without the price....