To put it simply, a Virtual Private Server (or VPS for short) is a method of splitting a dedicated server into several virtual servers.
Each virtual server can act independently from one another, meaning you're able to do 'anything you like' without affecting the server itself. A VPS is great for anyone looking at run or host their own specific software without any restrictions, such as that of being on a shared server, or slow home-internet connections and so on.
All for a fraction of the cost of what a dedicated server would otherwise cost you.
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