A Cloud VPS operates and behaves exactly the same as a standalone dedicated server. It has it's own dedicated allocation of RAM, CPU and IP addresses, and applications
and web sites can be installed on it in just the same way as they can with a dedicated server.
However, it is a truly green solution, as rather than an entire server being dedicated for your own use, many Cloud VPS can exist on one very powerful server. In today's energy consciuous world, a Cloud VPS is the eco hosting choice that reduces energy usage and avoids under-utilised hardware.
A Cloud VPS differs from a 'traditional' VPS in that it's resources are distributed across multiple physical servers, including powerful storage platforms and hypervisors, providing resiliance and redundancy with the ability to 'self-heal' in the event of hardware problems.
In many ways, a Cloud VPS offers advantages over a dedicated server as it is scalable, highly-available and uses an underlying storage infrastructure that provides faster than SSD performance. What's more, as your application may not require the full resources of a dedicated server, you only pay for what you need, keeping costs low.