VPS hosting sits in the intersection of shared hosting and dedicated servers. Unlike shared hosting, VPS is an isolated environment with dedicated resources, which means you have more processing power and your site loads faster. VPS is best suited for applications that have seasonal traffic spikes or RAM-heavy/CPU-intensive applications. If you are developing a new application that has a complex database and you’re not sure how many visits you’ll get, VPS hosting is the affordable option to start with before you upgrade to a dedicated server.
The web hosting provider offers solid plans with a good selection of features. The one area we're concerned about is how it presents its offers. Like many hosting providers, its published pricing is a bit misleading. You're not getting hosting for $2.96/mo unless you pay $71 for two years of service. Renewals are generally at a higher rate, although a salesperson we spoke to advised you ask for a "loyalty discount."
A VPS runs its own copy of an operating system (OS), and customers may have superuser-level access to that operating system instance, so they can install almost any software that runs on that OS. For many purposes they are functionally equivalent to a dedicated physical server, and being software-defined, are able to be much more easily created and configured. They are priced much lower than an equivalent physical server. However, as they share the underlying physical hardware with other VPSes, performance may be lower, depending on the workload of any other executing virtual machines.