What is VPS v2?
A Virtual Private Server, version two (VPS v2) is a hosting environment that gives you your own UNIX virtual machine. Each VPS account provides a protected area that operates as an independent server. It enables you (and multiple customers) to share the expense of hardware and network connections and to eliminate the difficulty of maintaining them. Although multiple VPS customers share hardware, they do not share software. It has its own, complete directory structure, and set of dedicated application software. You can restart it without affecting any other VPS accounts which share the same hardware.