What are the differences between virtual servers and dedicated servers?

Just like with shared web hosting, virtual servers are also somewhat shared, but on a larger scale.

Shared web hosting accounts are on one mid-range dedicated server split in to many accounts sharing the same IP address.
Virtual servers are on one enterprise level server, split in to a few little servers with dedicated IP addresses.
Dedicated servers are un-shared hardware, dedicated to you, with your own IP addresses.

Essentially, with a virtual server, we give you a slice of disk space, a dedicated slice of RAM and some dedicated IPs with your own root access.  You don't get as much disk space as you would with a dedicated server, but you get more privacy than with a shared web hosting account.

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