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OpenVZ, which is installed on ESXi
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OpenVZ, which is installed on ESXi

I was just looking at the OVH VPS FAQ and it says this

The Classic range runs on OpenVZ, which is installed on ESXi. This solution enables total isolation, with the best performance guarantees

Is this virtualisation within virtualisation? If so, what's the point in this? Won't it make performance worse?

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