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Virtual Private Server which is a mechanism to slice a physical server into virtual chunks (thinking it as slices of the physical computing resources such as RAM and CPU time) that each run and respond as if it's a separate server.
Cloud hosting is an emerging technology that enables the pooling of large number of separate physical computers / servers / computing devices together so that they act like one, and websites or resource consumers (active processes, user applications) pull resources for computing from the pool as a whole.
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