Setting up OpenVZ virtualization on CentOS 7

OpenVZ is a new form of virtualization technology that we call a container based one. It basically creates multiple secure and isolated Linux containers running on a single Linux server. This container technology allows better server utilization, since we are not installing a full virtual machine, just a container to hold some of it, and it eliminates application conflict. The virtual machine running on OpenVZ platform are on a standalone mode, where it is the capacity to run without falling in any type of conflict with any other virtual machine running on the same platform. Those machines are independent from each other.

The virtual machines running on OpenVZ have their own operating system, IP address, processes, memory or storage space, application and configuration files, and so on.

Source: http://www.quantact.com

While using OpenVZ, the virtualization is run through the system-level virtualization technology, where the guest system uses the...