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A Shared Hosting Plan is a website hosting plan in which your website shares server space with 200-500 other websites.  While you do not share website files, pictures, or emails, you are essentially sharing the allotted disk space and bandwidth assigned to one specific server.  In a typical shared hosting environment, you are only allowed to use a
certain percentage of the central processing unit (CPU): i.e. the computer  processor that handles all requests made to the server. If you own a small or personal website that does not receive heavy traffic, downloads, does not store a variety of pictures, video, or audio files, and/or which does not require SSH/Shell Access for installing applications or 
programs, you can get by with reliable shared website hosting.

Dedicated web hosting is a website hosting plan in which your website encompasses an entire web server.  What you do with this server is completely up to you, so you can host your entire website without sharing hard drive resources, CPU, or bandwidth with any other website in the world.  You can host unlimited domain names and customize the server to your specifications by choosing the amount of hard drive storage space, bandwidth, RAM, backup space, and by adding managed hosting services, choosing your own control panel, and even operating systems.

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