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As compared to KVM, OpenVZ containers may perhaps offer a considerably lesser degree of isolation given that they share the host's kernel. Though OpenVZ offers very good useful resource performance, it might not be as appropriate for programs needing superior levels of isolation.
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Having said that, both of these virtualization systems differ in how they solution virtualization, isolation, source administration, plus the forms of functioning techniques they support. Here is a comparison concerning OpenVZ and KVM VPS: Virtualization Methodology